NOTS Solar Partners Rwandan Government to Invest $70 Million in Solar Home Systems Manufacturing, NCC Industry Stats June 2019 Reveals Low Internet Subscribers and More

Hi Guys!

The weekend is almost here and as we gear up for it, kindly have a go at today’s Big 5 Daily!

Enjoy!

Drum roll!!! Vivendi, a French mass media conglomerate headquartered in Paris has signed a partnership deal with the Rwanda Development Board. The partnership will allow them to develop and occupy the Kigali Cultural Village (KCV) for a period of 20 years. The $40 million deal will allow Rwanda to expand its tourism sector and create an avenue for new cultural entertainment. The innovation is juicy! You don’t want to miss the full details.

Big news, NOTS Solar Lamps partnered the Rwandan government to provide solar power to low-income earner families in Rwanda. The partnership will allow NOTS Solar to invest $70 million in a manufacturing facility for Solar Home System (SHS) for five (5) years. The deal comes with a microloan credit scheme and a marketing infrastructure which will allow low-income families in Rwanda effect an outright purchase of NOTS SHS. Check the blog to see how it will work!

Also, Match Group, an American Internet company that owns Tinder, and Match.com have acquired Harmonica. Harmonica is a Cairo-based dating app that focuses on the Muslim demographic. The acquisition will allow Match Group to retain 12 full-time employees from Harmonica. This team will tend to the global Muslim demography.

See also:AIIM Secures $320 Million to Invest in Power, Transport & Energy Africa, Helios Towers Set to List on JSE and LSE and More

Next on the Big 5, Paratus, a Namibian based telecommunications company has expanded an initial National Mobile-LTE network. The LTE network will be launched in Walvisbay and Swakopmund. The telco invested in its independent Mobile-LTE network—an infrastructure that is not reliant on other service providers, to offer its clients and businesses an alternative to offerings already available. Applaudable!!!

Finally, the latest industry statistics from the Nigerian Communications Commission for June 2019 have revealed that the number of mobile internet subscribers in Nigeria fell. The report revealed that mobile internet subscribers fell by 332,338, leaving the total numbers from 122,624,417 in May 2019 to 122,292,079 in June 2019. See the full report on the blog.

….and that’s it for today’s edition.

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