Grace Ashiru
Tizeti, an internet service provider established in Nigeria using solar power, has announced that it plans to extend its business activities within Nigeria, Ghana, and other surrounding nations such as Cote d’Ivoire and Togo. In addition to that, the corporation is thinking about listing its subsidiary in Nigeria.
The company has over 2.8 million customers on its platform, has generated over $26.3 million in income over the past ten years, and has no debt. It is mulling over whether or not to launch an initial public offering in the stock market for shareholders and investors while simultaneously putting its sights on growing its influence across West African countries that speak both French and English.
Speaking at the yearly event hosted by Tizeti and dubbed “NeXTGEN 2.0,” which was in its second year, The Next Frontier,” Kendall Ananya, founder, and CEO of Tizeti, emphasized that the broadband gap in Africa is still very significant and that operators like Tizeti need to expand to guarantee that more people in Africa have access to the internet that is both dependable and inexpensive.
He said that Tizeti has been giving Nigeria and Ghana cheap, unlimited internet service through solar towers. Because of the unique characteristics of the company’s solar-powered internet, customers have been able to save between 30 and 50 percent on the cost of their data cap plans, providing the brand with an advantage over its rivals.
This expansion is extremely strategic for both our company and the continent as a whole. We have experienced considerable expansion over the past several years, turning a profit in three out of the last four years and paying out our first dividend just this year.
We now have more than 3,884 hotspots, and since we started, we’ve built one tower every month. We have 2.8 million users in Nigeria,” Ananya said. Ifeanyi Okonkwo, co-founder and co-chief executive officer of Tizeti, emphasized the increasing investments in submarine cable infrastructure in Africa to date when speaking about the Francophone expansion and the lack of infrastructure in the middle mile and the last mile that moves capacity to the locations where it is required.
Tizeti intends to bridge the digital gap and bring more people to Africa online through its limitless service offering by utilizing its newly constructed infrastructure that is being rolled out across West Africa.
Because of the size of their populations, we think that Africa has the greatest potential for creating a need for an increase in broadband availability, their respective contributions to GDP, the frequency of higher & tertiary institutions, and other characteristics that contribute to the pool,” stated Okonkwo.
