Xiaomi to invest $7bn in 5G, AI development in its products
Businessam Staff
January 2, 2020
Kenneth Afor As competition gets stiffer for top smartphone makers in retaining dominance in the global mobile telephony market, Xiaomi Corp, the next-rated Chinese smartphone maker has announced that it would invest more than $7.18 billion in fifth-generation (5G) internet technologies and artificialiIntelligence (AI) in its products over the next five years. This move […]
Google gets €150m fine over search engine adverts
Businessam StaffDecember 20, 2019
France’s competition authority has fined Google 150 million euros ($167 million) for abusing its dominant position on the market for advertising linked to web searches, the regulator announced Friday. The authority, in its first-ever sanctioning of the American giant, also ordered Google to “clarify the operating rules of its Google Ads advertising platform and the […]
Broadband: ATCON pledges Pantami support to realize 75% target
Omobayo AzeezDecember 17, 2019
By Omobayo Azeez Association of Telecommunications Companies of Nigeria (ATCON) has pledged its support to the Minister of Communication and Digital Economy, Dr Isa Pantami, and agencies under his ministry in realizing 75 per cent broadband penetration target. Nigeria telecoms industry is currently pursuing a target to deepen broadband penetration in the country to […]
World Bank scores Nigeria low on digital economy drive
Omobayo AzeezDecember 3, 2019
By Omobayo Azeez Bemoans country’s lack of backbone connectivity NCC reports 37.87% broadband penetration for October The World Bank has sounded a warning note that despite recorded gains of technology in Nigeria, the country has not been pursuing holistic digital reforms that can engender a digital economy. The global apex bank said in […]
Airtel Africa acquires Intercellular Nigeria spectrum
Businessam StaffNovember 14, 2019
Airtel Africa on Thursday announced the acquisition of additional spectrum to expand its telecommunications network across Nigeria. The telecoms firm with a presence in 14 countries in the continent said its Nigerian subsidiary, Airtel Networks Limited (Airtel Nigeria) signed an agreement with Intercellular Nigeria Limited to acquire an additional 10 megahertz (MHz) spectrum in […]
Gorilla’s Coffee partners with Alibaba to reach millions of Chinese consumers
Kenneth AforJuly 4, 2019
By Kenneth Afor China’s biggest e-commerce trade platform, Alibaba has provided a platform for Rwanda’s local businesses like Gorilla’s Coffee to get its product to millions of Chinese consumers. The e-commerce giant, which is worth over $13.9 billion and 654 annual active users is giving an opportunity to local Rwandan businesses to boost their sales and extend […]
European watchdogs demand detail on Facebook’s cryptocurrency
Businessam StaffJune 25, 2019
Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project. Britain’s top financial regulator said there was not yet enough information to understand Libra, adding that the project could be very significant for public policy and that it would not easily […]
Rotary, GPEI commit US$100mn to global polio eradication agenda
Tola AkinmutimiJune 11, 2019
By Tola Akinmutimi … Nigeria gets $10.2mn Rotary, a global network of volunteer leaders dedicated to tackling the world’s most pressing humanitarian challenges, on Monday unveiled plans to give US$100 million in grants to support the global effort to end polio disease, a vaccine-preventable disease that once paralyzed hundreds of thousands of children each year. The […]
G-20 agrees to wrap up digital tax rules on tech companies like Facebook by 2020
Businessam StaffJune 10, 2019
Group of 20 finance ministers agreed on Sunday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final communique issued by the bloc showed on Sunday. Facebook, Google, Amazon, and other large technology companies face criticism for reducing their tax bills by booking […]
Telecoms operators connect 3.56m new subscribers to Internet
Businessam StaffJune 5, 2019
•Lose 72,782 voice customers Fresh 3.5 million subscribers were connected to the Internet in the month of April by the service providers in the country. Latest April statistics released by the Nigerian Communications Commission (NCC), showed that from 115.9 million Internet users in March, the figure rose to 119.5 million within one month. However, the […]