Tizeti Expands Across Africa, as it Launches New Products & Explores Public Offering.
West Africa’s pioneer solar-based internet and voice service provider, Tizeti expands across Africa in its commitment to bridge the digital gap in Africa.
Tizeti which operates within Nigeria and Ghana has now made inroads into neighbouring Cote d’Ivoire and Togo.
Alongside its expansion, Tizeti also launched a new connectivity offerings, Tizeti Turbo Connect, which provides up to 150MBPS fibre-connected capacity to homes and offices, for N60,000 Naira ($85).
There’s also a new technology that lets the company deliver up to 1000MBPS to customers. Tizeti also announced new energy initiatives that minimize diesel cost consumption with solar panels and wind turbines across its base stations.
Tizeti has over 2.8 million subscribers on its platform, a revenue of over N11 billion over 10 years with no debt.
The company is exploring an Initial Public Offer (IPO) in the stock market for investors/shareholders while setting its eyes on expanding its footprints across the Francophone and Anglophone countries in West Africa.
At the second edition of Tizeti’s annual event tagged ‘NeXTGEN 2.0: The Next Frontier‘, the founder and chief executive officer of Tizeti, Mr Kendall Ananyi, emphasized that the broadband gap in Africa is still very high and operators like Tizeti must expand to ensure that more Africans have access to reliable, affordable and truly unlimited internet.
According to Mr Kendall, Tizeti has been providing affordable unlimited internet service in Nigeria and Ghana using solar towers which have brought about 30-50% cost savings on data cap plans and made it the preferred option to its competitors.
Mr Kendall Ananyi said:
“This expansion is very strategic for us and for the continent. We have grown significantly within the last few years, being profitable in three out of the last four years and paid our first dividend this year. We currently have over 3884 hotspot locations and built 1 tower every month since we started, with 2.8 million users in Nigeria. Today, Tizeti delivers over 190TBPS of data a day, which is about 20% of what large Nigerian telcos with coverage in 36 states deliver. Using publicly available data on the website of the Nigerian Communications Commission (NCC) and our internal data, we are the number one fixed Internet Service Provider by users and active users in Nigeria today and the ISP of the year 2022. And there’s still so much room for growth. Internet users in Africa are still about 26% of the total population, with almost 900 million people unconnected. We are now exploring the public markets for equity/debt to fund our next growth phase. We have reserved our ticker at NASDAQ, and are exploring London Stock Exchange as we are an LSE-Companies to Inspire, as well as the Nigerian Exchange NGX”,
Also in regards to the Francophone expansion, the co-founder and chief operating officer of Tizeti, Ifeanyi Okonkwo highlighted the increased submarine cable investments in Africa to date, and the absence of middle-mile and last-mile infrastructure that moves the capacity where it is needed. With Tizeti’s new infrastructure build-out across West Africa, Tizeti plans to bridge the digital divide and bring more Africans online via its unlimited service offering.
Ifeanyi Okonkwo also said:
“We believe that Africa offers the most significant potential demand for broadband expansion, and we have looked at their populations, their relative contributions to GDP, the prevalence of higher and tertiary institutions, and other pool factors,” said Okonkwo.
Tizeti’s NeXTGEN 2.0 event expanded the vision of the first edition and provides a platform for stakeholders in African telecommunications, technology, and business communities to strategize for Africa’s next frontier, while networking, discovering new opportunities, and discussing breakthrough trends in the global and African telecoms and technology ecosystem.
The event had over 700 technology enthusiasts, IT innovators, startup executives, corporate business leaders, and digital thought leaders and ended with an exciting 10th-anniversary dinner.
Nigeria’s Bluechip Launches in Europe Following Successful pan-African Expansion
Bluechip launches in Europe following the growing demand for its products and services.
Nigeria’s leading provider of business application and data management solutions, Bluechip Technologies, strategic expansion positions the company as a new competitive entrant in the European market by offering data warehousing and analytics products as well as highly experienced senior data engineers from its Nigeria team as consultants for European firms.
Richard Lewis who will be CEO of Bluechip EU Subsidiary across Europe will lead the European expansion
Bluechip was founded in Nigeria in 2008 by Kazeem Tewogbade and Olumide Soyombo, the company leveraged the technical skills and reputation of Kazeem Tewogbade in the IT industry to gain market entry and has since expanded to Ghana, Kenya, Zambia and DRC.
Bluechip is a business application company focused exclusively on assisting companies in planning, designing, implementing and operating business application solutions and strategies that are central to creating and maintaining a competitive business advantage, and has been at the forefront of Africa’s data warehousing growth.
The company specialises in data warehousing, analytics and enterprise systems for banks and telcos and has worked with enterprise and infrastructure companies with pan-African and global reach, including MTN, 9mobile, FirstBank, Access Bank, GTBank and Lafarge.
Having successfully delivered (in partnership with international OEMs, such as Oracle and Microsoft) a range of enterprise tech infrastructure solutions in the African market, Bluechip is now ready to do the same in Europe and plans to target the telco and banking sector, from its Ireland base.
The growing post-pandemic trend in remote working, a critical shortage of tech talent and an increase in demand for managing data more efficiently all present a great opportunity for Bluechip to bring its more than decade-long expertise in the sector, delivering highly specialised services in often challenging markets, to the wider EU market.
Recent research projects the continent’s big data and business analytics market size to hit $105B+ by 2027, with many sectors implementing digital transformation and ensuring their products and services are tech-enabled.
Olumide Soyombo, co-founder at Bluechip Technologies commented:
“We are excited to be one of the trusted experts answering the growing demand for data products and solutions in the global market. Numerous businesses trust us to provide quality analytics solutions which has led to referrals from our international clients in Africa for projects outside the continent. We are looking forward to combining our expertise with local knowledge to secure new strategic relationships, with the experience we bring from one of the toughest markets meaning we can offer this market the same robust solutions and services.”
Richard Lewis, an industry veteran with four decades’ experience in the technology industry will head up the European arm. He added:
“I’m thrilled to work with the Bluechip team, having worked with the founders on a number of other projects throughout the years. As one of the leading data warehousing companies in Africa with an extensive track record of working with some of the biggest OEMs and enterprises, I believe we are well placed to offer immense value to businesses in this region and I am looking forward to building new connections in the coming months.”
Bluechip specialises in collating data from disparate sources and transforming the data into information that helps businesses understand trends such as customer lifetime value of the customer, churn and how to make better business decisions based on data gathered. The company believes the key to this is a strong core of data professionals and recently launched Primo Academy, a programme designed to equip aspiring data professionals in Africa with the required skills to kickstart their careers in the data and emerging technologies industry.
Part of the outcome includes placing some of the strongest talent emerging from the programme into businesses globally and helping to plug some of the worldwide data talent gap.