Business

Avanti Maintains Position as Sub-Saharan Africa’s leading capacity partner for Two Years

Published

2 years ago

July 24, 2023

Avanti Communications (“Avanti”) has been named the market-leading high-throughput satellite capacity partner in sub-Saharan Africa for two consecutive years.

The results, from the 20^th edition of the NSR Satellite Capacity Supply and Demand Analysis reports that Avanti’s market share is now more than two times that of its nearest competitor.

NSR’s annual report is one of the satellite industry’s most trusted and comprehensive sources for satellite capacity analysis, offering insight into key market developments and dynamics.

Avanti has made a significant commitment to Africa. The company has ambitions to accelerate growth across the region through local partnerships and the rollout of connectivity solutions; connecting hard-to-reach rural communities and improving network resiliency for critical communications infrastructure is central to this strategy.

To date, Avanti has connected more than 1,000 villages and schools across Africa, providing services in Nigeria, Kenya, South Africa, Tanzania, Ghana, Angola, Côte d’Ivoire, Cameroon and South Sudan. The company has plans to connect a further 10,000 sites over the next 5 years across Africa, impacting millions of lives and enabling communities to enjoy a connected life.

Kyle Whitehill, CEO at Avanti Communications, said: “Africa is a major focus for us and so we are delighted to be recognised as the market leader, but we won’t stop there. For us, Africa’s potential is limitless and the role that we can play in unlocking this is providing connectivity solutions. Connectivity is an enabler that provides vital resources and opportunities for individuals, businesses, and communities to thrive, which is why we won’t stop until we have connected the 871 million people currently living without a basic internet connection.”

Avanti has invested over $800m in Africa and already has a growing footprint across the continent. More than a fifth of the company’s employees are based in Nigeria, Kenya, South Africa, Angola, and Benin.

Below is the Sub-Saharan market share of leased GEO-HTS capacity for 2022:

Avanti Communications (33.1%)
Eutelsat (15.3%) 3. YahSat (13.0%)
Intelsat (12.9%)
ArabSat (9.2%)
Inmarsat (8.4%),
Spacecom (6.2%)
Others (2%)

About Avanti Communications

Avanti Communications is the leading Ka-band high throughput satellite capacity partner to the communications industry in EMEA – extending and guaranteeing coverage for defence missions, enterprise solutions, and critical public services.

Through the HYLAS satellite fleet and partners in 118 countries, Avanti provides dedicated fixed and flexible-beam satellite connectivity, with extensive coverage across Europe, the Middle East, and Africa. Avanti has invested $1.2bn in a network that incorporates orbital slots in the Ka-band spectrum, satellites, ground stations, data centres, and a fibre ring.

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Business

BREAKING: Goodnews, as Nigeria’s inflation rate nosedives to 23.7%

Published

2 days ago

May 15, 2025

Charles Flames

Nigeria’s inflation dropped to 23.7 percent in April, from 24.23 percent in March 2025.

The National Bureau of Statistics, NBS, disclosed this in its April Consumer Price Index and inflation data released on Thursday.

The figure showed that Nigeria’s inflation cooled off by 1.86 percent on a month-on-month basis.

Similarly, the food inflation rate in April stood at 21.26 percent.

“In April 2025, the headline inflation rate eased to 23.71 percent relative to the March 2025 headline inflation rate of 24.23 percent.

“The MoM headline inflation rate in April 2025 was 1.86 percent.

The food inflation rate was 21.26 percent (YoY),” NBS wrote on its X account on Thursday.

The latest CPI data comes ahead of the Central Bank of Nigeria’s Monetary Policy Committee meeting slated for May 19 and 20, 2025.

Recall that Nigeria’s inflation rose to 24.23 percent in March for the first time after CPI rebase in January 2025.

In February, the CBN MPC paused interest rate hikes after inflation dropped.

Business

Lagos Attracts $200m Investment from Abu Dhabi -Ambrose-Medebem

The investment is also aimed at boosting ICT innovation and healthcare facilities.

Published

3 days ago

May 14, 2025

OhiBaba

Lagos State Government said it has attracted over $200 million in partnership deal with the Abu Dhabi Ports aimed at developing critical infrastructure and logistics within the Lekki corridor.

The investment is also aimed at boosting ICT innovation and healthcare facilities.

The State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, said this during the ongoing ministerial press briefing to mark the 2nd year in office of the second term of the State Governor, Mr Babajide Sanwo-Olu at Alausa, Ikeja.

The State government recently held a roundtable investment forum as part of measures to boost its economy.

The Commissioner revealed that, “As a result of the Lagos Investment Roundtable, numerous Expressions of Interest from local and foreign investors are under active discussion.”

Business

Nigeria First Policy: Customs Championing Made-in-Nigeria Vehicles Procurements

In terms of aesthetics, I am satisfied with what I see here. In terms of functionality, we have been assured by the manufacturers that the vehicles are quite efficient.”

Published

5 days ago

May 12, 2025

OCHEFA

The Comptroller-General of Customs (CGC), Adewale Adeniyi has assured members of the Nigeria Automotive Manufacturers Association (NAMA) that the Service would champion the procurements of locally assembled vehicles from the auto manufacturers inline with the government’s Nigeria First Policy Directive.

CGC Adeniyi gave the assurance when he inspected vehicles produced by members of the Nigeria Automotive Manufacturers Association (NAMA) at the Service’s headquarters, Maitama, Abuja.

After the inspection, the CGC commended the association for turning up in full strength and expressed satisfaction with the quality of the vehicles.

He remarked, “In terms of aesthetics, I am satisfied with what I see here. In terms of functionality, we have been assured by the manufacturers that the vehicles are quite efficient.”

“What gives me joy is that in all the vehicles I have seen today, there is an imprint of Nigeria, which shows that they are fully assembled here. It gives me joy that Mr President’s policy is on the right course,” he added.

He further praised President Bola Tinubu’s Renewed Hope Nigeria First policy initiative in the automobile industry.

He pledged that the Nigeria Customs Service would continue to patronise and support the sector for the growth and well-being of the nation’s industrial economy.

In response, Ilekuba Anslem Chairman, Chief Executive Officer of Cedric Masters Group, commended the CGC for his unwavering support for the automobile industry.

Also, Oluwatobi Ajayi, Chairman and Chief Executive Officer of Nord Automobile Limited, praised the CGC.

“Even before this policy was announced, you had been championing made-in-Nigeria vehicles.

With Mr President’s announcement, we are confident that you will be the first CEO of a government parastatal to fully champion this policy,” he said.

He assured the CGC that the company would not abandon its vehicles after sales.Similarly, Jonas Ojukwu, a Director at Innoson Vehicle Manufacturing Company Limited (IVM), assured the Nigeria Customs Service of the company’s commitment to delivering the best to the Service.

Other stakeholders who spoke at the event included representatives from Mikano Motors Nigeria and Stallion Motors Nigeria.