Business
Avanti Maintains Position as Sub-Saharan Africa’s leading capacity partner for Two Years
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 20th 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.
Business
Obi Sees Something Good in Tinubu’s “Naira Float Policy ‘
The policy was introduced by the Tinubu administration in June 2023 as part of wider foreign exchange reforms.
The presidential candidate of the National Democratic Congress (NDC) for the 2027 election, Peter Obi, has said he would retain President Bola Ahmed Tinubu’s naira float policy if elected president.
The policy was introduced by the Tinubu administration in June 2023 as part of wider foreign exchange reforms.
The Central Bank of Nigeria removed restrictions at the Investors and Exporters foreign exchange window, allowing the naira to trade more freely against the dollar and other major currencies
Obi made the disclosure in a public statement on air, emphasising that his administration would seek to strengthen the currency by prioritising productivity and increasing economic output rather than reversing the floating exchange-rate framework.
Asked to identify one policy of the Tinubu administration he would keep if elected, Obi said, “There’s one – the floating of the Naira. I’m not going to defend it. But I’m going to put productivity to make it more valuable to the people.”
His position means he would maintain the floating exchange-rate system while seeking to change the economic conditions that determine the strength and value of the naira.
Business
Dangote Refinery Buys 16m Barrels Of Nigerian Crude For October
The October supply is equivalent to about 520,000 barrels per day, representing most of the refinery’s 700,000 barrels-per-day processing capacity.
Dangote Refinery has bought at least 16 million barrels of Nigerian crude oil for delivery in October.
Reuters reported that the 16 million barrels comprise monthly crude allocations from the Nigerian National Petroleum Company and additional volumes purchased through a tender.
The October supply is equivalent to about 520,000 barrels per day, representing most of the refinery’s 700,000 barrels-per-day processing capacity.
The increased crude purchases highlight the refinery’s rising demand for feedstock as it expands operations and moves closer to operating at a larger share of its installed capacity.
Business
Brent crude slid to around $106 per barrel
Top US officials reportedly warned President Donald Trump that the war could continue through the remainder of his term, which ends in January 2029.
Brent crude slid to around $106 per barrel on Friday in a likely technical correction, but was still set to end the week sharply higher as the escalating conflict between the US and Iran fueled concerns over prolonged disruptions to global energy supplies.
Top US officials reportedly warned President Donald Trump that the war could continue through the remainder of his term, which ends in January 2029.
Meanwhile, Iranian leaders are reportedly determined to continue fighting despite mounting economic costs, viewing the conflict as an existential threat.
They also claim that Tehran has managed to rebuild its missile capabilities and could intensify attacks on US and Gulf assets if Washington escalates its own strikes.
Fighting has intensified over the past two weeks, with the US targeting Iranian oil tankers while Iran launched missiles at US warships and tankers in the Persian Gulf, as well as American assets in neighboring countries.
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Business3 days agoBrent crude slid to around $106 per barrel
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Business3 days agoDangote Refinery Buys 16m Barrels Of Nigerian Crude For October
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News3 days agoAlbert Horsfall, Ex-SSS Director-General dies
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Business3 days agoObi Sees Something Good in Tinubu’s “Naira Float Policy ‘
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Health3 days agoBayelsa deploying 19 doctors, 210 nurses to strengthen primary healthcare centres
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News2 days agoBamanga Tukur, former Adamawa gov, ex-PDP Chair dies at 90