1 In line with its commitment to bridging the digital divide in Africa, Tizeti (www.Tizeti.com), West Africa’s pioneering solar-powered internet and voice service provider, is set to expand its operations within Nigeria and Ghana.
3 With over 2.8 million subscribers on its platform, a revenue of over N11 billion over 10 years and no debt, the company is exploring an Initial Public Offering (IPO) in the stock market for investors/shareholders while setting his eyes on expanding his footprints.
4 in the Francophone and Anglophone countries of West Africa.
5 Speaking at the second edition of Tizeti’s annual event entitled ‘NeXTGEN 2.0: The Next Frontier’, Tizeti’s founder and CEO, Mr. Kendall Ananyi, emphasized that the broadband gap in Africa is still very high and that Operators like Tizeti must expand to ensure that more Africans have access to reliable, affordable and truly unlimited internet from Tizeti.
6 According to him, Tizeti has been providing affordable unlimited internet service in Nigeria and Ghana using solar towers, which has brought cost savings of 30 to 50 percent on data cap plans and made it the go-to option.
7 favorite of its competitors.
8 “This expansion is very strategic for us and for the continent.
9 We have grown significantly in recent years, being profitable in three of the last four years and paying our first dividend this year.
10 We currently have over 3884 hotspot locations and building 1 tower every month since we started with 2.8 million users in Nigeria.
12 Using publicly available data on the Nigerian Communications Commission (NCC) website and our internal data, we are the number one Fixed Internet Service Provider by users and active users in Nigeria today and ISP of the year 2022.
13 And still there is a lot of room for growth.
14 Internet users in Africa are still around 26% of the total population, with almost 900 million people offline.
15 We are now exploring the public equity/debt markets to finance our next phase of growth.
17 Speaking about francophone expansion, Tizeti co-founder and COO Ifeanyi Okonkwo highlighted the increase in subsea cable investments in Africa to date and the absence of middle and last mile infrastructure moving capacity where it is needed.
19 With the construction of Tizeti’s new infrastructure in West Africa, Tizeti plans to bridge the digital divide and bring more Africans online through its unlimited service offering.
20 “We believe that Africa offers the most important 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 common factors,” Okonkwo said.
21 Tizeti also launched new connectivity offerings, Tizeti Turbo Connect, which provides up to 150 MBPS of fiber-connected capacity to homes and offices for NGN 60,000 (US$85), and new technology that enables it to offer up to 1,000 MBPS.
22 The company also announced new energy initiatives that minimize diesel consumption with solar panels and wind turbines at its base stations.
23 Interested users can pre-register for the new Tizeti locations at https://bit.ly/3bEKDfo Other speakers at NeXTGEN from Tizeti include Vickie Robinson, General Manager, Microsoft Airband; Oremeyi Akah, Director of Customer Success, Interswitch; Dolapo Onah, General Manager, Equinix MainOne; Elliot Sangoleye, Head, Payment Acceptance and Digital Commerce, Providus; Gbolade Emmanuel, CEO, Termii; Osayi Izedonmwen, CEO of Teesas; Modupe Okeowo, Country Manager, Eutelsat; Sola Akindolu, CEO of Brass; Mayowa Owolabi, CEO of PaddyCover; Vickie Robinson, General Manager, Microsoft Airband; Ionut Croitoru, EMEA Sales Leader, Cambium, and Desayo Tomi-Solanke, COO, Trove.
24 Partners include MainOne, Providus Bank, Microsoft, Cambium, CSquared, and Nokia.
25 Tizeti’s NeXTGEN 2.0 expanded on the vision of the first edition and provides a platform for stakeholders in the African telecommunications, technology and business communities to strategize for Africa’s next frontier, while networking, discovering new opportunities and discuss innovative trends in global and African telecommunications and telecommunications.
26 technological ecosystem.
27 The second edition event featured more than 700 technology enthusiasts, IT innovators, start-up executives, corporate business leaders and digital thought leaders and ended with an exciting 10th anniversary dinner.