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<keyword id="363206" type="LOCATION" weightage="20" keywordseo="Airtel-Africa">Airtel Africa</keyword> on Wednesday announced the <keyword id="6371194" type="UNKNOWN" weightage="20" keywordseo="sale">sale</keyword> of the <keyword id="11367710" type="UNKNOWN" weightage="20" keywordseo="tower-portfolio">tower portfolio</keyword> belonging to <keyword id="2297078" type="LOCATION" weightage="20" keywordseo="Airtel-Tanzania">Airtel Tanzania</keyword> to a joint venture company of SBA Communications Corporation and Paradigm Infrastructure for $175 million. SBA Communications Corporation is a global independent owner and operator of wireless communications infrastructure while paradigm infrastructure is a UK company focused on developing, owning and operating shared passive wireless infrastructure in selected growth markets. The tower portfolio in Airtel Tanzania comprises around 1,400 towers which form part of the Group's wireless <keyword id="67974" type="ORGANIZATION" weightage="20" keywordseo="telecommunications">telecommunications</keyword> infrastructure network. Under the terms of the transaction, the Group's subsidiary Airtel Tanzania plc will continue to develop, maintain and operate its equipment on the towers under a separate lease arrangement with the purchaser, said a company statement It added that the transaction is the latest strategic divestment of the Group's tower portfolio as it focusses on an asset-light business model and on its core subscriber-facing operations. Out of the total consideration of $175 million for the transaction, around $157.5 million is payable on the first closing date, which is expected to take place in the second half of the Group's current financial year, with the balance payable in installments upon the completion of the transfer of any remaining towers to the purchaser. "Around $60m from the proceeds will be used to invest in network and sales infrastructure in Tanzania and for distribution to the Government of Tanzania, as per the settlement described in the Airtel Africa IPO Prospectus document published in June 2019," it said. The balance of the proceeds will be used to reduce debt at group level, said the company. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/oneplus-cryptocurrency-wallet-could-be-in-the-works-company-survey-suggests/articleshow/83164929.cms">OnePlus cryptocurrency wallet could be in the works, company survey suggests</a> <a href="https://www.businessinsider.in/careers/news/microsoft-airtel-tiktok-just-dial-byjus-and-other-companies-are-calling-out-interns-for-different-roles/articleshow/83168022.cms">Microsoft, Airtel, BYJU’S, IIT-Bombay and more — here is a list of companies looking for interns</a> <a href="https://www.businessinsider.in/tech/mobile/news/upcoming-new-smartphones-launching-in-india-in-june-2021/slidelist/83169331.cms">Smartphones launching in India in June 2021</a>

Airtel Africa to sell Tanzania's tower portfolio to SBA Communications Corporation and Paradigm Infrastructure for $175 million

<ul><li><keyword id="6354287" type="DOMAIN" weightage="20" keywordseo="bharti-airtel">Bharti Airtel</keyword>, one of <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>’s leading telecom operators, was looking to launch the IPO of its African unit, <keyword id="363206" type="COMPANY" weightage="20" keywordseo="Airtel-Africa">Airtel Africa</keyword> </li><li>In the process of claiming its stake in <keyword id="15491" type="DOMAIN" weightage="20" keywordseo="Airtel">Airtel</keyword>’s unit, Government of <keyword id="89578" type="LOCATION" weightage="20" keywordseo="Tanzania">Tanzania</keyword> has disapproved Airtel’s Africa IPO. </li><li>The Tanzanian government accused Airtel Africa for not involving the treasury in the process of launching its IPO. </li><li>Although Bharti Airtel has the control of its unit in Tanzania, the ruling body still wanted IPO to be treated as a joint venture. </li></ul>All the ‘<a href="https://economictimes.indiatimes.com/markets/ipos/fpos/airtel-africa-says-ipo-plans-on-track/articleshow/66416175.cms">plans and preparation</a>’ of Airtel’s Africa IPO by one of India’s largest telecom operators, Bharti Airtel Limited might be in vain since Tanzanian Government has <a href="https://www.livemint.com/Companies/KACRvJFxH1TPCP7Cc9K6iL/Tanzanian-government-disapproves-of-Airtel-Africa-IPO.html">declined</a> to accept the proposed IPO by the company. The Government of Tanzania — in a letter originally written in Swahili — have objected to any affiliate consultations of Airtel Tanzania without keeping the government in the loop. It owns 40% stake in Airtel Tanzania, while the Bharti Airtel has majority stake with 60% ownership. Despite the parent company possessing the control over the unit, the ruling body wanted the IPO procedure to be treated as joint venture. So, the fate of the negotiation depends on additional clarification between Bharti Airtel and the Tanzanian government. The development will have a direct impact on the Airtel Africa IPO which claimed to be on track earlier this week. The parent company Bharti Airtel is already struggling to pay a debt of $5 billion (₹363.5 billion) owing to <a href="https://www.businessinsider.in/upto-75000-more-jobs-at-stake-as-competition-intensifies-among-indian-telcos-report/articleshow/66342892.cms">the ongoing price war</a> in Indian telecom industry invoked by Mukesh Ambani’s Jio in 2017. The new development is probably going to instigate new struggles for Bharti Airtel, which was yet to disclose the the date of Airtel Africa IPO. Tanzanian Government and Bharti Airtel had being going through a turmoil since 2017 ever since the governing body introduced a modus operandi to look into Airtel’s agreement to buy Kuwaiti telecom firm, Zain in Tanzania.

One of India’s largest telecom provider is trying to launch its IPO in Tanzania — But Tanzanian Government disapproves

New Delhi, May 20 () UNICEF has entered into a partnership with Airtel Africa to provide children with access to remote learning and enable access to cash assistance for their families via mobile cash transfers amid the coronavirus pandemic, the telecom company said on Wednesday. Airtel Africa will 'zero-rate' select websites hosting educational content, which will provide children with remote access to digital content at no cost. Under this pact, UNICEF and Airtel Africa will use mobile technology to benefit an estimated 133 million children currently affected by school closures in 13 countries across sub-Saharan Africa during the COVID-19 pandemic, Airtel Africa said in a statement. "UNICEF announced a new partnership with Airtel Africa aimed at providing children with access to remote learning and enable access to cash assistance for their families via mobile cash transfers," it said. The adverse effects of school closures on children's learning are well-documented, and experts warn that gains made in increasing access to learning in the previous decade are at risk of being lost, or even reversed completely. For poor households, the pandemic means a reduced or total loss of income due to the movement restrictions in place. "Remote learning, supported by digital tools, is a core part of UNICEF's response to ensure continuity of learning for those children with access to technology at home," the statement pointed out. The partnership will also provide UNICEF with a means to facilitate vital cash assistance to alleviate financial barriers for vulnerable families across the region, including many affected by the growing socio-economic hardships resulting from suspension of income earning activities, in the wake of the pandemic. This will help ensure families have additional resources to cope with the ongoing health and economic crisis due to the COVID-19 pandemic, it said. "COVID-19 is affecting access to information and education at an unprecedented scale," Fayaz King, UNICEF Deputy Executive Director for Field Results and Innovation, said adding that UNICEF is partnering with Airtel Africa to deliver better outcomes for children and families affected by widespread closures. The partnership aims to benefit children and families in 13 nations in sub-Saharan Africa. These include Chad, Congo, Democratic Republic of the Congo, Gabon, Kenya, Madagascar, Malawi, Niger, Nigeria, Rwanda, Tanzania, Uganda and Zambia. Airtel Africa Chief Executive Officer Raghunath Mandava said, "Some effective ways to cushion families from the effects of this crisis is through providing free Internet access to selected educational websites to help children keep up with their learning during the school closures and direct cash transfer programmes to reduce physical presence requirements for cash in hand exchanges." MBI HRS

UNICEF, Airtel Africa team up to support children, families affected by COVID-19

New Delhi, May 13 () Airtel Africa on Wednesday posted 13 per cent drop in net profit for March quarter at USD 77 million (nearly Rs 581 crore) and said it would be difficult to precisely forecast the impact of COVID-19 on customers and business, since the spread of coronavirus in Africa has lagged the rest of the world.The company, in a statement, however emphasised that it is entering "this period of increased volatility" on a strong financial footing and its view on the medium-term opportunities across its footprint has not changed, as markets will continue to benefit from strong population growth and need for increased connectivity and financial inclusion.Airtel Africa's net profit for the just ended quarter came in at USD 77 million, 12.8 per cent lower compared to the year-ago period when seen on reported currency basis and 6.2 per cent lower in constant currency terms.The difference between reported currency and constant currency growth rates is due to currency movements with reference tothe US dollar rate.Profit attributable to parent company shareholders stood at USD 65 million (over Rs 489 crore), almost 22 per cent lower than the year-ago period.The revenue for March quarter which included income from voice, data, mobile money, and other revenue was 15.1 per cent higher (almost 18 per cent higher in constant currency terms) year-on-year at USD 899 million (over Rs 6,700 crore).The company noted that more recently, the markets where it operates have begun to be impacted by COVID-19 and the related actions that governments have implemented to reduce the risk of the contagion. The company's priority in such times has been to keep employees, suppliers and customers safe while supporting communities.Raghunath Mandava, chief executive officer of Airtel Africa said, "telecoms businesses provide strategically essential services to ensure the functioning of economies and communities and are, therefore, more resilient compared to some other sectors". In Africa, the spread of the COVID-19 has lagged the rest of the world and, therefore, it is difficult to precisely forecast what the impact of this will be on customers and business, he added. "However, our performance during the month of April has been resilient as the business continued to deliver constant currency revenue growth, although at a lower rate," he said.The company enters this period of increased volatility in a strong financial position and its view on the medium-term opportunities across its footprint has not changed, as these markets will continue to benefit from strong population growth and the need for increased connectivity and financial inclusion, he added.For the year ended March 2020, profit after tax stood at USD 408 million (Rs 3,076 crore), 4.4 per cent lower than the previous year. The revenue at USD 3,422 million (Rs 25,767 crore) for FY20 was 11.2 per cent higher than last year.Its customer base was up 11.9 per cent to 110.6 million."These results also demonstrate the strength and resilience of our business and the effectiveness of our strategy – with all three business services, voice, data and mobile money, contributing to revenue growth. "We have also continued to invest in future growth opportunities as we expanded our distribution, modernised and expanded our network with 65 per cent of sites now on 4G, acquired new spectrum in Nigeria, Tanzania, Malawi and Chad, and entered into strategic partnerships in our mobile money business," Mandava said. MBI ANUANU

Airtel Africa Q4 profit dips 13%; says mid-term opportunity unchanged, despite rising volatility

<keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> has permitted exports of 200,000 tonne of <keyword id="20786462" type="General" weightage="20" keywordseo="non-basmati-white-rice" source="keywords">non-basmati white rice</keyword> to <keyword id="19899822" type="General" weightage="20" keywordseo="Malaysia" source="keywords" meta.keywordsubtype="org" meta.entityname="Malaysia" meta.hostid="261" meta.entityid="Malaysia">Malaysia</keyword>, an official notification said. India banned the export of rice in July 2023 to control inflation and secure <keyword id="19992806" type="General" weightage="20" keywordseo="food-security" source="keywords">food security</keyword>. The exports of rice to Malaysia are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade (<keyword id="19985555" type="General" weightage="20" keywordseo="DGFT" source="keywords">DGFT</keyword>) said in its notification dated August 20, the day when the Prime Minister of Malaysia, Dato' Seri Anwar bin Ibrahim was in New Delhi for a State Visit. In October 2023, India allowed 170,000 tonne of non-basmati white rice to Malaysia. Earlier, India allowed the export of such a variety of rice to Nepal, Cameroon, Cote d'Ivoire, the Republic of Guinea, Philippines, Seychelles, UAE, Singapore, Comoros, Madagascar, Equatorial Guinea, Egypt, and Kenya, and Tanzania, though with varying quantities. Some exports of non-basmati white rice, in limited quantities, were allowed later, subject to certain laid-out conditions. The <keyword id="20562078" type="General" weightage="20" keywordseo="export-policy" source="keywords">export policy</keyword> relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) was revised from "free" to "prohibited". While initially amending the <keyword id="21171453" type="General" weightage="20" keywordseo="rice-export" source="keywords">rice export</keyword> policy, DGFT maintained that the export would be allowed based on permission granted by the government to other countries to meet their food security needs and based on the request of their government. In late August last year, India had also introduced additional safeguards by way of imposing a minimum floor price on exports of basmati rice (reportedly at USD 1,200 a tonne or more) so as to prevent exports of non-basmati white rice, which was already under the prohibited category since July. West African country Benin is one of the major importers of non-basmati rice from India. Other destination countries are UAE, Nepal, Bangladesh, China, Cote D' Ivoire, Togo, Senegal, Guinea, Vietnam, Djibouti, Madagascar, Cameroon Somalia, Malaysia, and Liberia. (ANI) SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-gained-over-3-million-subscribers-in-june-vi-lost-nearly-a-million/articleshow/112670406.cms">Reliance Jio and Airtel gained over 3 million subscribers in June, Vi lost nearly a million</a> <a href="https://www.businessinsider.in/tech/mobile/news/the-iphone-pro-models-will-be-made-in-india-for-the-first-time-this-year/articleshow/112653019.cms">The iPhone Pro models will be made in India for the first time this year</a> <a href="https://www.businessinsider.in/stock-market/webstories/orient-technologies-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112646237.cms">Orient Technologies IPO – Price band to risk factors, all you need to know</a>

India allows export of 200,000 tonne non-basmati rice to Malaysia

<div class="image-container float_right" style="width:382px"><div class="image"></div>Citi</div>MAMADOU NDIAYE grew up in Senegal. His parents were "not poor, but not rich". He was fascinated by mathematics, which he studied at Cheikh Anta Diop University in Dakar and then taught for several years in Côte d’Ivoire, saving to pursue his dream of studying in America.
He went to New York, where he worked at Staples, an office-supplies chain, to finance his masters in statistics at Columbia University. A customer, impressed by Mr Ndiaye’s sales advice, suggested that the Senegalese apply for a job with his own employer, IBM. That was 15 years ago. Now Mr Ndiaye is back home, as manager of the office Big Blue opened in Dakar last May.
The office in Senegal is just one sign that IBM believes <keyword id="12925" type="ENTERTAINMENT" weightage="60" keywordseo="Africa">Africa</keyword> will bring in billions. It is no newcomer: it sold its first gear there to South Africa’s railways in 1911 and a mainframe computer to Ghana’s central statistics bureau in 1964. Lately it has been paying special attention to the continent.
In July 2011 it won a ten-year, $1.5 billion contract to provide Bharti Airtel, an Indian mobile-phone company, with information-technology services in 16 African countries. Since mid-2011 it has set up shop in Angola, Mauritius and Tanzania, as well as Senegal. In all, it boasts a presence in more than 20 of Africa’s 54 countries. Last August it opened a research lab in Nairobi, one of only 12 in the world. And between February 5th and 7th Ginni Rometty, its chief executive, and all who report directly to her met dozens of African customers, actual and prospective, in Johannesburg and the Kenyan capital. It was, Mrs Rometty said, the first time the whole top brass had assembled outside New York since she became the boss just over a year ago.
Big Blue may be ahead, but it is not alone. Last month Eric Schmidt, Google’s chairman, spent a week in sub-Saharan cities. He enthused about Nairobi, which, he wrote, "has emerged as a serious tech hub and may become the African leader." Orange, a French mobile operator, and Baidu, China’s answer to Google, recently introduced a jointly branded smartphone browser in Africa and the Middle East. Orange also sponsored this year’s Africa Cup of Nations, a football tournament, in South Africa. (Nigeria won it, beating Burkina Faso in the final on February 10th.)
This month Microsoft, which has offices in 14 African countries, unveiled a smartphone to be sold in several African markets. It is made by China’s Huawei and uses Microsoft’s new operating system.
In Kenya Microsoft intends to bring broadband to places that do not yet have electricity, using solar power and "white spaces", or spare broadcast-television frequencies. Within a year, says Fernando de Sousa, the general manager for Microsoft in Africa, 6,000 people in the Rift Valley will have access to broadband. Similar projects are planned elsewhere. Since October Microsoft has been running "app factories" for programmers in Egypt and South Africa.
Mark Walker of IDC, a research firm, says that in the past three or four years multinational companies have adopted a "completely fresh approach". They have "a lot more skin in the game: investing in local people, so there’s proper knowledge transfer, investing in country offices." Companies are in it for the long term now, rather than quitting after a bad quarter or two.
Africa’s chief attraction is that it has been growing while richer regions have stalled (see chart 1). Its demographic prospects are promising, too. As America, Europe and China age, Africa can expect a bulge of workers in their productive prime. Though skills are in short supply, they are becoming more abundant. According to the McKinsey Global Institute, the consulting firm’s research unit, in 2002 only 32% of Africans had secondary or tertiary education, but by 2020, 48% will have. The continent can call on degree-laden expatriates such as Mr Ndiaye and Uyi Stewart, the Nigerian chief scientist of IBM’s Nairobi lab.
Some countries are better off, more stable or simply keener than others to make the most of IT. Kenya may be keenest. In 2006, frustrated by the slow progress of a regional plan to lay a fibre-optic cable along the east coast of the continent, Kenya negotiated its own link to the United Arab Emirates. The Gulf cable landed in 2009. The regional link, in which Kenya remains a partner, followed the next year.
<h3>The lion’s byte</h3>
Bitange Ndemo, a bigwig in the Ministry of Information and Communications and the man responsible for the cable from the Gulf, says he wants to see a rise in IT’s share of Kenyan GDP from about 5% now to 35% "within a very short period". He hopes for a mighty shift of employment away from agriculture. "But politicians must have the will," Mr Ndemo says.
If they are to create new markets and to profit from them, technology companies have to be on the spot. John Kelly, IBM’s head of research, says that after the firm set up labs in China in 1995 and in India in 1998, "we found that we were getting innovation out of those research labs which could only have occurred in those locations." The Indian lab, for example, produced the "spoken web", for illiterate people with cheap phones.
One of the Nairobi lab’s early challenges is traffic. The city has few traffic lights or cameras; hence the awful congestion. Signals from motorists’ mobile phones can help to track traffic, but planners have few data to work with. IBM’s lab will harness other sources, such as security cameras that are not aimed at the road but capture images of it anyway. IBM will then crunch all the data to help planners control traffic and decide where to build more roads.
The Nairobi lab is expected to earn its keep quickly. The Chinese and Indian labs, Mr Kelly says, took ten years to make a significant contribution technically and commercially. Kenya’s target is five. He says the lab has made a good start, drawing on work by an older sibling in Tokyo to tackle its traffic problem.
In many sectors, such as health care, education and water, as well as traffic, governments are sure to be important customers for IT companies. But private clients matter too, especially in telecoms and finance. The mobile phone, the first computer many Africans will own (see chart 2), is the bridge between the two.
To Westerners, "mobile banking" is a new way of doing something old. To many Africans, it is the obvious way of doing something new. In Kenya M-PESA, a system of transferring money over phones, is an everyday, reliable utility. Equity Bank, a fast-growing bank, most of whose customers have never had an account before, has come of age with mobile technology: its chief executive, James Mwangi, says his customers can use any of its 54 products on the move. For technology companies, all this means a growing demand for many things: reliable connectivity; software; analysis of data on spending, lending and repayment; and data centres.
Technology companies say they are keen to serve smaller businesses too. Microsoft has announced a programme called SME4Afrika, which is intended to bring 1m small and medium-sized enterprises online. Mr de Sousa points out that technology can also draw informal businesses into the formal economy. The ability to use software, computing power and storage online "as a service", paying only for what you need and only when you need it, may put the cost of information technology within the budget of many small African businesses. "The person who invented the cloud did it for Africa," says Mr Ndiaye of IBM in Senegal.
Mr Kelly makes a bolder claim, linking Africa’s emergence to that of "big data". IBM’s answer to how the world can cope with the rising torrent of exabytes is "cognitive computing". Instead of being given detailed instructions, cognitive computers are fed masses of data and use statistical analysis to answer complex questions. Watson, IBM’s first of this kind, was clever enough to win "Jeopardy", an American television quiz show, beating human champions hollow. The true purpose of a Watson, however, is not to show off on television but to sift data from radio telescopes or provide medical diagnoses.
<h3>From Jeopardy to epidemiology</h3>
Mr Kelly sees an opportunity "for Africa to move, and move first, to this new era of computing." It can leapfrog straight to the tech frontier, without worrying about adapting old systems to cope with the data it creates. At the Catholic University of Eastern Africa, which will eventually be the new lab’s home, a Kenyan asked Mr Kelly, "Will you bring Watson to Africa?" Yes, he replied, if someone suggests a problem for it to solve. Mr Ndemo spoke up: "Let us bring Watson here in nine months." Africa has plenty of problems. Computing power can help Africans solve them.
Click <a href="http://www.economist.com/products/subscribe/CUR22/noreg">here</a> to subscribe to The Economist

You Searched For "Airtel Tanzania" and got 6 results

Airtel Africa to sell Tanzania's tower portfolio to SBA Communications Corporation and Paradigm Infrastructure for $175 million

IANS

One of India’s largest telecom provider is trying to launch its IPO in Tanzania — But Tanzanian Government disapproves

BI India Bureau

UNICEF, Airtel Africa team up to support children, families affected by COVID-19

PTI

Airtel Africa Q4 profit dips 13%; says mid-term opportunity unchanged, despite rising volatility

PTI

India allows export of 200,000 tonne non-basmati rice to Malaysia

ANI

IBM And Google Have Discovered A Massive New Market Opportunity

The Economist

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