In The Spotlight
Dimension Data Limited has completed the signing ceremony for a N4.05 billion corporate bond (approx. US$2.9mn), following the successful subscription of its Series 1 issuance
The transaction represents the first tranche of the company's N20 billion (US$14.7mn) bond programme.
The funding will be directed towards expanding Dimension Data's fibre infrastructure across Nigeria as businesses and technology-driven industries require greater access to reliable and high-capacity digital connectivity.
Olugbenga Olabiyi, managing director of Dimension Data Limited, said the bond investment underlines the company's long-term focus on contributing to the development of Nigeria's digital economy.
"Beyond delivering technology solutions, we work every day to strengthen Nigeria's digital economy. This milestone reflects the confidence of our partners and investors in our vision, and we look forward to translating these investments into infrastructure that supports businesses, innovation and national digital transformation."
Olabiyi expressed his appreciation to Dimension Data's customers, partners, Board members and advisers for supporting the transaction. The organisations acknowledged include Pathway Advisors Limited, Deloitte, STL, Fidelity Bank, FCMB and FSDH Capital.
Shatse Kakwagh, managing partner of Mbavaa Partners Limited and director of Dimension Data SPV Limited, described the bond issuance as the result of a two-year process centred on cooperation, strategic planning and investor confidence.
"Today's achievement validates the quality of work being done by the Dimension Data team and the market's confidence in the company's growth strategy. This funding is not the destination - it is the beginning of an even bigger journey."
Kakwagh also recognised the efforts of the company's board, advisers, transaction partners, FSDH Capital, Pathway Advisors and other stakeholders involved in bringing the issuance to completion.
Adekunle Alade, founder and CEO of Pathway Advisors Limited, which acted as Lead Issuing House and Book Runner, thanked Dimension Data for entrusting the firm with the transaction. He also acknowledged the high-net-worth investors who took part in the bond issuance, saying their participation highlighted confidence in Dimension Data's longer-term growth prospects at a time when investors have generally favoured shorter-term investment opportunities.
Dimension Data plans to deploy the proceeds towards further extending its fibre network to address rising connectivity requirements among financial institutions, fintech companies, enterprise clients and other technology-led businesses.
The continued adoption of cloud services, digital financial platforms and data-intensive applications is increasing the need for robust network infrastructure. Dimension Data expects its fibre expansion programme to provide a dependable connectivity foundation while supporting the broader growth and digital transformation of Nigeria's economy.
Google’s Moonshot Factory and Taara, a provider of high-speed, high-capacity wireless optical communication solutions, have announced the continuation of their collaboration with Liquid Intelligent Technologies, a Cassava Technologies business and global technology company
The partnership is helping Liquid extend high-capacity connectivity from its points of presence at Africa Data Centres and other major data centre facilities in Nigeria to large enterprises located beyond the reach of fibre networks. The approach is particularly valuable in locations where conventional fibre deployment can be expensive, slow or difficult to implement, as well as in areas vulnerable to network disruptions caused by fibre cuts that can require days to repair.
During the past two years, Liquid has installed almost a dozen Taara links across Lagos. These deployments have enabled the company to provide high-speed connectivity to major local enterprises while strengthening network resilience in important commercial districts. Customers supported by the deployments include internet service providers, banks, hotels and a utility company.
Nigeria remains one of Africa’s largest economies, with analysts reporting that its economy is growing faster in 2026 than during any of the previous five years. Lagos, the nation’s largest commercial centre and one of its fastest-growing business hubs, faces challenges in expanding telecommunications infrastructure because of its increasingly dense urban environment.
As enterprise demand for reliable connectivity rises, network operators are turning to a combination of technologies to expand coverage and create additional redundancy. Liquid is leveraging Taara’s wireless optical communication capabilities to extend connectivity into areas where conventional infrastructure can be more difficult to deploy.
Taara uses tightly directed beams of light to transmit data wirelessly, allowing operators to establish high-capacity connections in a significantly shorter timeframe than conventional fibre deployments. Links can be deployed within days rather than weeks, enabling faster customer connections while working alongside existing fibre infrastructure. Liquid is also assessing opportunities to extend the technology to other Nigerian markets, including Abuja, Ibadan and Kano.
“For Liquid, deployment speed has been one of the most significant advantages. Traditional fiber deployments aren’t always a possibility, especially across difficult terrains. Taara links can often be installed and activated within hours, allowing Liquid to ensure it is remaining true to its mission to create a digitally connected future that leaves no African behind,” said Eugene Uka, Acting Chief Executive Officer at Liquid Intelligent Technologies Nigeria.
“As demand for connectivity continues to grow, operators need more flexibility in how they expand and reinforce their networks,” said Bhavesh Mistry, Regional Lead for Taara in Africa. “Fiber remains an essential part of modern communications infrastructure, and will for some time, but there are many situations where deploying fiber quickly or cost-effectively can be difficult. Wireless optical communication gives operators another tool to extend capacity, reach customers faster, and build more resilient networks without compromising performance.”
Taara Lightbridge provides an alternative between fibre infrastructure and conventional radio-frequency technologies. It can deliver capacity of up to 20 Gbps over distances reaching 20 kilometres through narrow, invisible light beams.
The technology allows network operators to establish high-capacity wireless links without the need for trenching, spectrum licensing or extensive civil engineering. This enables connectivity providers to address coverage gaps that could otherwise remain difficult or uneconomical to serve.
Taara Lightbridge has now been deployed across more than 20 countries by operators including T-Mobile, Airtel, Digicel, Liquid and SoftBank. Its deployments are supporting the expansion and reinforcement of network capacity across a range of environments, from densely populated cities and rural communities to remote and challenging locations.
Vodacom, UJ and AWS partner to equip students with practical AI skills through research, mentorship and cloud technologies
Vodacom has joined forces with the University of Johannesburg (UJ) and Amazon Web Services (AWS) to strengthen artificial intelligence (AI) and data science capabilities in South Africa
The collaboration is designed to equip students with practical, industry-focused experience while helping address the country's increasing need for AI professionals with workplace-ready skills.
The initiative is being delivered through UJ's School of Consumer Intelligence and Information Systems, specifically its Centre for Applied Data Science. By combining academic expertise with industry knowledge and cloud technologies, the partnership will deliver jointly developed learning programmes, postgraduate research opportunities and mentorship from industry specialists. The objective is to create a long-term pipeline of skilled AI professionals capable of developing solutions that benefit both business and society.
“This partnership reflects Vodacom’s commitment to building a future-ready AI talent ecosystem,” said Shameel Joosub, Vodacom group CEO. “We are creating a direct pathway from university research to industry impact, where students work on real AI use cases and emerge ready to practise. It is about developing the next generation of AI professionals who can drive our business forward and help shape Africa’s digital future.”
Professor Tankiso Moloi, executive dean of the college of business and economics at UJ, says the collaboration highlights the long-term value of closer links between higher education and industry.
“For UJ, the value of university-industry partnerships lies in what they make possible over time: deeper research capacity, stronger talent development and an ecosystem that connects African expertise with African opportunities. This collaboration creates a foundation for sustained capability-building and demonstrates how strategic partnerships can strengthen AI expertise at both national and continental level,” said Professor Tankiso Moloi, executive dean, College of Business and Economics at UJ.
Research activities are already underway, with Master's students at the Centre for Applied Data Science working on projects aligned with Vodacom's priorities. One of the key areas of study focuses on autonomous AI systems that can identify, assess and respond to cyber threats affecting telecommunications networks.
Additional research is examining the use of blockchain technologies to enhance digital identity management and reduce the risk of identity theft. These projects are intended to address pressing digital challenges while helping develop advanced AI expertise in high-demand fields.
AWS is supporting the programme by giving students and researchers access to advanced cloud infrastructure, data platforms and AI services, including Amazon Bedrock, Amazon Quick and Amazon Kiro, which are widely used by organisations worldwide for research and innovation. Access to these technologies enables participants to develop, test and refine AI applications in real-world environments, helping accelerate research outcomes and practical innovation.
“At AWS, we believe access to technology is key to unlocking innovation. Through this collaboration, students and researchers will have access to world-class cloud and AI capabilities, empowering them to turn research into practical solutions that can drive meaningful impact across Africa,” commented Prabashni Naidoo, AWS Telco Lead: Africa.
Although the programme is initially centred on South Africa, the partners believe it could serve as a model for AI skills development across Vodacom Group's wider African operations while demonstrating the value of collaboration between academia and industry in advancing innovation at scale.
Ethio telecom has reviewed the progress of its network expansion and modernisation programme with senior representatives from ZTE Corporation, as the two companies continue to work towards expanding Ethiopia’s digital infrastructure
Ethio telecom CEO Frehiwot Tamru hosted a delegation from ZTE led by executive vice-president and chief operating officer Xie Junshi. Discussions focused on the implementation of the Network Expansion and Modernisation Agreement, which was finalised during Mobile World Congress 2026 in Barcelona.
The engagement forms part of the companies’ wider efforts to support Ethio telecom’s Next Horizon: Digital & Beyond 2028 Strategy and accelerate the development of the country’s telecommunications infrastructure.
Within the ZTE circle, the end-to-end modernisation programme covers 879 sites. Of these, 462 RAN modernisation sites have been completed, including LTE layering at 180 sites, LTE upgrades at 248 sites and a full SWAP at 102 sites.
The programme has also delivered 237 MW link upgrades and expanded 103 IP RAN sites. Work on the remaining elements is continuing, including the deployment of 124 new sites, U2100 refarming at 272 sites and 115 rural solution sites.
The completed rollout has helped extend high-speed mobile connectivity across Ethiopia, taking national 4G mobile population coverage within the ZTE circle to 92%. The upgraded infrastructure is expected to support increasing demand for digital services and provide improved connectivity for millions of people.
Frehiwot Tamru welcomed the progress achieved under the programme and highlighted its contribution towards the objectives set under the first year of the Next Horizon strategy. Ethio telecom’s leadership also recognised ZTE’s financing approach, technical capabilities and efforts to deliver the modernisation programme within demanding timelines.
The next stage of the programme is expected to continue with more ambitious targets. Ethio telecom’s CEO called on ZTE to maintain its support as the operator moves forward with further network expansion and modernisation.
The companies also discussed measures aimed at improving smartphone accessibility and helping narrow Ethiopia’s digital divide. Both sides agreed to explore innovative device financing solutions that could make affordable smartphones more accessible to consumers.
Increasing access to suitable devices is intended to help maximise the benefits of the expanded 4G network while supporting the growth of Ethiopia’s digital economy and society.
Sustainability was another focus of the discussions, with Ethio telecom and ZTE looking to accelerate the operator’s 'Green Operator' initiatives. The companies plan to collaborate on sustainable green energy infrastructure as part of efforts to lower the carbon footprint associated with telecommunications operations.
The green infrastructure initiative is intended to contribute to a more resilient and environmentally responsible network while supporting global environmental standards and Ethio telecom’s sustainability objectives.
At the conclusion of the engagement, ZTE’s COO praised Ethio telecom’s progress and its ambitious development strategy. He highlighted ZTE’s opportunity to support a major African telecommunications operator at significant scale.
Both organisations reaffirmed their commitment to continuing their partnership, with a focus on supporting Ethiopia’s digital development, expanding connectivity and maintaining technological excellence.
EBRD commits €270m (approx. US$308.7mn) to expand Yas' 4G, 5G and fibre infrastructure across Senegal and Kenya. (Image source: AXIAN Telecom)
The European Bank for Reconstruction and Development (EBRD) has approved a senior financing package of up to €270 million (approx. US$308.7mn) for Yas, the pan-African telecommunications operator owned by AXIAN Telecom, to accelerate digital infrastructure investment and strengthen connectivity across Africa
The transaction marks the EBRD's first investment in Senegal and represents a landmark deal for the Bank in sub-Saharan Africa, combining long-term financing, local-currency lending and institutional capital mobilisation to support the region's growing digital economy.
The financing package includes a committed facility of up to €170 million (approx. US$194.4mn) to fund Yas' capital expenditure programme in Senegal and Kenya. This comprises a €100 million (approx. US$114.3mn) EBRD A-loan, a B-loan of up to €50 million (approx. US$57.2mn) to be syndicated to institutional investors under the Bank's A/B loan structure, and a local-currency facility equivalent to up to €20 million (approx. US$22.9mn) in Kenyan shillings. The transaction is the EBRD's first local-currency financing in sub-Saharan Africa and also its first A/B loan in the region. As part of the syndication, ILX Fund, an Amsterdam-based impact private credit fund specialising in emerging markets, will provide a significant investment in the B-loan.
The agreement also includes an uncommitted facility of up to €100 million (approx. US$114.3mn) to finance eligible future acquisitions by Yas and support additional capital expenditure across selected EBRD countries of operation in sub-Saharan Africa.
In Senegal, the investment will fund the expansion and modernisation of Yas Senegal's 4G and 5G mobile networks, reinforce core telecommunications infrastructure and accelerate fibre deployment. In Kenya, the financing will support the expansion and modernisation of fibre infrastructure following Yas' acquisition of Wananchi in 2025, enhancing broadband availability, network performance and service quality in one of East Africa's most dynamic telecommunications markets.
The investment is expected to strengthen competition in both countries by enabling local operators to expand their capabilities while improving access to reliable, affordable digital services for businesses and consumers.
Alongside the infrastructure investment, Yas has also committed to increasing female representation across its workforce and leadership teams, while introducing targeted programmes to promote women's participation in the digital economy through skills development and inclusive employment initiatives.
EBRD president Odile Renaud-Basso said: "I am very pleased to sign this first investment agreement with Yas, which reflects the EBRD's commitment to strengthening digital connectivity. By supporting long-term investment in critical digital infrastructure, we will help to build more resilient and competitive markets while mobilising additional capital from institutional investors to accelerate sustainable development and innovation."
Hassan Jaber, group CEO of Yas, stated, "Nearly one in ten people across Africa still live outside mobile network coverage. Closing that gap has been central to Yas' growth and is at the heart of this agreement. This is the largest financing our group has ever raised, and it will accelerate our 4G, 5G and fibre investments in Senegal and Kenya. It also marks the start of an important new partnership for Yas and the EBRD."
Kirstine Damkjaer, chief investment officer at ILX Fund, commented, "Africa is one of the fastest-growing digital markets in the world, with connectivity playing an important role in economic development, financial inclusion and job creation. We are pleased to support Yas' expansion alongside the EBRD, helping to strengthen essential digital infrastructure in the region and further increasing ILX's investment support across Africa."
Originating in Madagascar, Yas has grown into one of Africa's fastest-expanding telecommunications companies, operating across 11 markets in Africa and the Indian Ocean. Its portfolio spans three core business areas: mobile and fixed telecommunications services, fintech solutions, and digital infrastructure, including telecommunications towers, backbone fibre networks and data centres.
Senegal and Kenya became EBRD shareholders and countries of operation in 2025, expanding the Bank's footprint in sub-Saharan Africa. Through investments such as this, the EBRD aims to support private sector-led growth, bridge critical infrastructure gaps, promote economic diversification and advance climate-resilient development across the region.
Eutelsat and Mercury, a subsidiary of Sonangol Group and a leading telecommunications services provider in Angola, have entered into a new multi-year, multi-million agreement to deliver Eutelsat’s LEO connectivity services
Building on the longstanding partnership between the two companies, Mercury, formerly known as MSTelcom, will continue expanding the availability of Eutelsat’s LEO services for enterprise, public sector, offshore and telecom customers across Angola.
Eutelsat remains the only licensed LEO operator currently operating in Angola and has established a significant presence in the country through its local partners. With investments in local infrastructure, including a ground station and local point of presence (PoP), alongside its continued commitment to Angola, Eutelsat has strengthened its position as a leading satellite connectivity provider in the country.
Through these capabilities, Eutelsat supports the delivery of low-latency connectivity services across Angola and the wider region, enabling organisations to access reliable communications beyond the reach of traditional infrastructure.
Philippe Baudrier, VP Africa at Eutelsat, said, “This new commitment from Mercury reflects the growing demand for Eutelsat’s LEO services in Angola and the continued success of our longstanding partnership. Together, we are expanding access to secure, low-latency connectivity across the country, helping enterprise, public sector, offshore, and telecom customers strengthen network resilience and reach locations beyond the coverage of traditional infrastructure.”
Francisco Pinto Leite, CEO, Mercury, added, “This new agreement reflects the strength of our partnership with Eutelsat and the value that LEO connectivity brings to our customers. Together, we are expanding the range of connectivity solutions available across Angola and helping organizations meet evolving communications requirements.”
BNB Liberia and Orange Money launch cross-border remittance services to enhance digital financial inclusion across Africa.
BNB Liberia, a prominent fintech and digital payments provider in Liberia, has joined forces with Orange Money Liberia to introduce an International Remittance Outbound Service, enhancing opportunities for customers to conduct convenient and efficient cross-border financial transactions
The newly launched service allows Orange Money users in Liberia to transfer funds directly from their mobile wallets to recipients across several African markets, including Ghana, Sierra Leone, Guinea, Côte d’Ivoire, Senegal, Mali, Uganda, and Rwanda. As part of efforts to encourage adoption and improve access to digital financial services, the service will be available at no cost during its initial three-month rollout period.
The partnership marks another significant step in BNB’s efforts to reshape Liberia’s digital finance sector through innovation, collaboration, and the delivery of inclusive financial technology solutions.
BNB has established itself as a key player in financial innovation across Liberia and the wider region, introducing several pioneering digital payment initiatives. These include direct remittance transfers into Liberian mobile wallets, digital foreign exchange services connected with mobile money platforms, expanded outbound mobile money capabilities, and digital payment solutions through BNB CashApp. The company has also developed a broad agent network that continues to improve access to financial services nationwide.
Through these initiatives, BNB has continued to support individuals, enterprises, and communities with secure, accessible, and convenient financial solutions designed to promote wider participation in the digital economy.
The Orange Outbound Service further enhances regional financial connectivity by enabling customers to send money quickly and securely from their Orange Money wallets by dialling 144113#. The launch event took place at The Icon 16, Orange Liberia’s headquarters in Monrovia, and was attended by representatives from the financial services, telecommunications, and fintech industries.
Speaking at the launch, David Ojo, Managing Director of BNB Liberia, highlighted the importance of innovation and partnerships in advancing Liberia’s digital economy:
“At BNB, we believe innovation and collaboration are essential to building an inclusive digital economy for Liberia and Africa. Our partnership with Orange Liberia reflects our continued commitment to providing fast, secure, affordable, and accessible financial solutions that improve lives and connect people across borders. We remain committed to working with regulators, mobile network operators, banks, and other strategic stakeholders to continue driving Liberia’s digital transformation forward.”
BNB noted that the collaboration supports its wider objective of expanding financial inclusion, simplifying international money transfers, and enabling regional commerce through technology-led financial services.
With Liberia’s fintech sector continuing to develop, BNB remains focused on launching innovative solutions and building strategic partnerships that empower customers while strengthening the country’s position as an emerging centre for digital financial services in Africa.
International Power Control Systems (IPCS) has been named as a distribution partner in Malawi by Vertiv, a specialist in critical digital infrastructure
International Power Control Systems (IPCS) has been named as a distribution partner in Malawi by Vertiv, a specialist in critical digital infrastructure
The new agreement marks a major step in expanding Vertiv’s reach in the Malawian market, leveraging IPCS’s established experience in power control and alternative energy solutions.
“This collaboration will enhance IPCS’s product portfolio, reinforcing our position as a trusted leader in the Malawian market,” said Rumbidzai Bere, business development and marketing director at IPCS.
“The combination of IPCS’s experience in power control and renewable energy and Vertiv’s innovative solutions, such as lithium-ion compatible UPS systems and IT infrastructure products, will bring a new layer of reliability and efficiency to organisations in Malawi, enabling them to equip their critical infrastructure with the resilient, scalable infrastructure needed to support them over time.”
The agreement includes the distribution of Vertiv's comprehensive critical digital infrastructure portfolio, including single-phase and three-phase AC power solutions, surge protection, integrated racks and cabinets and IT infrastructure management solutions, to support the growing demands for computing and AI infrastructure in the region.
The Malawi government’s National Compact for Energy sets out the country’s vision and commitment to increasing access to electricity and alternative energy by 2030, with the aim of providing electricity to 70% of the population.
“Our collaboration with IPCS is a step toward reinforcing Vertiv’s local footprint and a strategic move to align with a well-established, respected partner,” said Gary Chomse, Vertiv’s regional director for central and southern Africa.
“This is proof of our presence, commitment and investment in the Malawian power control, data centre infrastructure, and alternative energy sectors.
“Through this partnership, Vertiv and IPCS are committed to contributing to Malawi’s technological evolution, providing businesses with the power and infrastructure solutions needed to support the country’s digital future.”
IPCS, a wholly Malawian-owned company, has built its reputation as a leader in power solutions since its foundation in 1998.
With a strong track record in supplying, installing and maintaining critical power infrastructure, including uninterruptible power supplies (UPS), data centre solutions, automatic voltage regulators, surge protectors, and alternative energy systems, IPCS is well-positioned to supply, install, and support Vertiv solutions in Malawi.
“This means that, as digital transformation accelerates and electrification efforts continue, there is immense potential for growth in the IT and power sectors,” added Bere.
“With Malawi’s youthful population, 80% of whom are under the age of 35, we also believe that the rise in IT skills, the use of AI and cybersecurity advancements will further drive demand for sophisticated data centre solutions.”
Integrity360 acquires Redshift in South Africa, boosting cybersecurity services, expertise, and regional expansion
Integrity360, continuing its global growth strategy and dedication to Africa, has acquired Redshift, a respected Johannesburg-based cybersecurity services firm. Financial details of the deal were not disclosed
This move follows Integrity360’s earlier regional investments, including the 2024 and early 2025 acquisitions of the Grove Group and Nclose.
The acquisition expands Integrity360’s South African presence to a team of over 230 employees serving clients across the continent. Its Johannesburg and Cape Town operations also function as key hubs for the group’s integrated global Security Operations Centre (SOC), delivering a full suite of managed services, including EDR (Endpoint Detection and Response), XDR (Extended Detection and Response), and MDR (Managed Detection and Response) solutions to both local and international clients.
Founded in 2015, Redshift has earned a strong reputation for excellence in cybersecurity testing and other specialized services, such as cybercrime investigations, anti-fraud advisory, scammer group takedowns, cyber intelligence, and managed services. Redshift adds approximately 50 customers, including leading South African finance, banking, and telecommunications organisations, and around 40 additional employees to the Integrity360 group.
Redshift will serve as a regional centre of excellence for cybersecurity testing and integrate closely with Integrity360’s existing advisory and managed services teams. Integrity360 plans to invest in expanding the business by leveraging the group’s extensive resources.
Redshift clients will gain access to Integrity360’s comprehensive cybersecurity portfolio, encompassing cyber risk and assurance, 24/7 incident response and forensics, infrastructure and technology services, PCI compliance, operational technology consulting, and a full range of managed services, including Managed SASE (Secure Access Service Edge), Managed CTEM (Continuous Threat Exposure Management), and advanced XDR/MDR solutions. Integrity360 has been recognised five times in Gartner market guides, most recently for Incident Response and Forensic services.
Ian Brown, executive chairman at Integrity360, said, “We are very excited to be welcoming Sean, Cailan and the entire Redshift team to Integrity360. The reputation and expertise they have developed since their formation in 2015 is highly impressive and we are looking forward to helping them provide an enhanced set of services to their customers and expanding further in the African market over the coming years.”
Sean Howell and Cailan Sacks, directors of Redshift, added, “This is a significant moment for us, and we could not be more delighted that Redshift is joining Integrity360 and continuing the growth and development of the business that was initially started by Sean a decade ago. Thanks to the support of our customers and employees, Redshift has grown enormously during that time, and having spent considerable time with Ian, and the wider Integrity360 leadership team, we are confident will continue to do so being part of the Integrity360 group. We are excited about the future for us as an organisation, for our people and in particular for what the enhanced group can provide our customers moving forward.”
