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MainOne & Orange ink deal to boost internet access into Francophone West Africa

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French Telecoms company, Orange and leading West African Connectivity and Data Centre services provider, MainOne have struck a partnership that will see the French telecoms giant co-invest in two new cable landing stations in Dakar, Senegal and Abidjan, Cote D’Ivoire while the broadband infrastructure provider will provide additional capacity via its 7000km cable system from Europe to Africa with landing stations in Nigeria, Ghana and Portugal, reinforcing the position of both companies in the African telecommunications ecosystem.

Thanks to this new cable connection, several countries in West Africa will benefit from better connectivity, lower prices and access to new services. Orange will benefit from multiple Terabits per second of additional bandwidth for the development of fixed and mobile data in Africa to meet the increasing demands for Internet access via 3G and 4G network. More specifically, this cable extension is an opportunity to improve connectivity and offer a broader range of services for both Orange Côte d’Ivoire & Senegal’s Sonatel. In addition, neighboring countries of Burkina Faso, Mali and Mauritania will benefit from enhanced capacity.

For MainOne, the partnership underscores the company’s vision for a better connected region, its Chief Executive Officer, Funke Opeke says “MainOne continues to lead the digital transformation of our sub-region by investing in affordable connectivity to drive economic development. Our objective is to bridge the digital divide between and within West Africa and the rest of the world. We are committed to deepening broadband penetration across West Africa and believe our investments in technologically advanced subsea infrastructure will continue to liberalize the international bandwidth market, further support Orange and other wholesale customers, and ultimately result in improved digital services in the region”.

Speaking on the strategic deal, Chief Executive Officer of Orange Middle East and Africa, Alioune Ndiaye says “The development of new digital services in Africa has fostered huge social and economic developments over the past few years. As barriers to access continue to fall with improved networks and more affordable equipment, Orange, as part of its multi – service strategy, is seeking to position itself as an important partner in the continent’s digital transformation Through this new partnership, Orange is set to secure and improve direct access to high – speed broadband services in two of its most important countries, Senegal and the Côte d’Ivoire.”

The MainOne Submarine Cable System links West Africa with Europe, bringing ultra-fast broadband in the region. It runs from Seixal in Portugal through Accra in Ghana to Lagos in Nigeria, with capacity to land branches in Morocco, Canary Islands, Senegal, and Cote D’Ivoire. The cable system, which now has an upgradable capacity of over 10 TBPS, first went live in July 2010, becoming the first private subsea cable to bring open-access, broadband capacity to West Africa.

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Bank staff donate medical equipment to Ifako-Ijaiye General Hospital

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Stanbic IBTC surrenders Venture Capital licence

 

Staffers of Stanbic-IBTC Bank have donated some medical equipment including three Units of PhotoTherapy Lights, Portable Phlegm Suction unit, EcoSound Fetal Doppler and a BlueGate UPS to the Ifako-Ijaiye General Hospital, Lagos.

Speaking during the presentation ceremony at the hospital premises, the Chief Financial Officer of the Bank, Dr. Kunle Adedeji said that members of the Finance Department of the Bank raise funds annually, through voluntary contributions, to finance a project or make donations to a public institution.

Adedeji revealed that the donations were distinct from those that formed part of the Bank’s Corporate Social Responsibility commitments to the society, noting that the medical equipment presented were procured by staffers of the bank’s finance department to support the hospital.

The Medical Director of the Hospital, Dr. Olusola Amure expressed appreciation and gratitude to the donors, assuring that the devices will be maintained to serve the desired purpose. He solicited more of such gestures from well-meaning Nigerians and Corporate Organisations.

Also speaking, the Head of Pediatrics Department, Dr. Adejoke Akande commended the bank officials for demonstrating their care and concern for children by reaching out to the hospital during this festive season.

“You cannot estimate the value of these donations as much as we do, because being the end users we appreciate them most,” she said

 

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Desarrollar Partners with Top Firms to Improve Real Estate Solutions

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Desarrollar Limited a lifestyle and leading real estate solutions company in Lagos, Nigeria has partnered with Union Trustees Limited, First Bank Trustees Limited and Banwo & Ighodalo and The Lodt Legal Partners to improve real estate services and solutions.

The partnership which was signed on Monday, in Lagos, will unveil Nigeria’s most secure and institutionalized real estate trust consortium aimed at safeguarding the financial investments of Nigerians and Africans living abroad and in Nigeria.

According to the Lead Partner, Desarrollar Limited, Mr Ikemefuna Mordi, the trust framework includes Nigeria’s leading Trustees, legal firms and real estate firms which will work towards ensuring and providing real estate solutions.

Ikemefuna said, “Desarrollar and its partners have created an institutionalised safe-haven to protect Nigerians and Africans in the Diaspora and those living on the African continent from fraud, deception and, sometimes, misplaced dependence on dishonest family-based relationships, through delivering full, seamless and stress-free lifestyle colutions to the Nigerian and African communities both at home and abroad.”

He explained that Desarrollar applies a premium standard of excellence to its residential development, commercial development and real estate acquisition services in Nigeria, The United States and the United Kingdom.Their websitewww.desarrollargroup.com throws more light on their Service offerings.

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Ex-Skye Banker, Tunde Ayeni not detained by EFCC

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Depositor's Guide: Ten quick things to know about Skye Bank takeover

…Only invited for questioning over alleged fraud

Following recent reports published by a national daily, The Punch Newspapers that the anti-graft body, Economic and Financial Crimes Commission, EFCC, has detained a former Chairman of Skye Bank Plc., (now Polaris Bank,) Mr. Tunde Ayeni, for alleged fraud, it has been reliably discovered that Tunde Ayeni was only invited for questioning at the Abuja office of the commission hours ago.

Confirming the development, the acting spokesman for the EFCC, Mr. Tony Orilade, said Ayeni was only being grilled by detectives over some issues related to fraud and embezzlement allegedly committed by Ayeni when he was Chairman of the bank few years ago.

“I can confirm that he is in our custody on an invitation, for questioning and interrogation. More information will be released tomorrow,” he said.

It would be recalled that the anti-graft agency had entered into an agreement with the Asset Management Corporation of Nigeria, AMCON, to check out some banks and its officials, who facilitated the huge non-performing loans in AMCON’s portfolio.

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