Happy New Year guys,
Welcome to the first Big5 Daily gists of 2020.
Hope you had a proper rest this yuletide. As our custom is, we start off with the Big5 Daily.
First, on today’s Big5, MTN Group announced plans to sell off 49% equity in its Tower assets in both Ghana and Uganda. The company will sell off at $523 million at the close of the deal in Q1 2020. This deal if signed will make MTN gain $425.74 million after settling debts.
Celltel Networks has entered a partnership with Ed & Co Capital Limited for the Ghana Smart Cities project. The project entails both companies effort to install a nationwide Wi-Fi Infrastructure in the country and provision of smart devices for citizens. The project is expected to take off by the second quarter of 2020.
Good news! For the first time ever in the Middle East and North Africa, Egypt-based Dayra received $15000 grant from YCombinator’s Startup School. The fund was made available to a few startups at the end of the course.
Senegal has passed its Startup Act that aims to aid startups to develop the national economy. It contains several recommendations and legal conditions that will promote the economic, financial and social inclusion of startups in the nation.
And finally, G-Core Labs has launched a cloud-edge connectivity solution in the country. It launched another Point-of-Present at Tier III-class data centre in Johannesburg which will offer more internet speed to dedicated servers.
Click on the links on each news to learn more. Remember to read some of our roundups for 2019 on the blog.
Have a nice day and see you tomorrow.
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