Category: Business News

A. Background Out of the estimated 37 million micro, small, and medium–sized enterprises (MSMEs) in Nigeria, only 31% are able to access credit for their businesses from local financial institutions (commercial and micro finance banks). As at Q4 2015, loans to MSMEs accounted for a meagre 0.1% of total credit advanced by commercial banks.  …

Helios Towers Tanzania Limited (HTT), a subsidiary of Helios Towers Africa Limited (“HTA”), the independent telecoms tower infrastructure company, has announced that it has reached an agreement with Zanzibar Telecom Plc (Zantel), for the acquisition of all unique sites of their mainland tower portfolio. The organisation is also working with Zantel to decommission the duplicate…

Phanes Group opens African Solar Power Incubator to unlock energy potentials in the region An integrated end-to-end solar provider headquartered in Dubai, Phanes Group, has launched its first Solar Incubator program. It is aimed at identifying potential PV projects in sub-Saharan Africa by providing access to funding as well as commercial and technical knowledge. The…