AirtelTigo leadership team calls on Otumfuo Osei Tutu II

A delegation from AirtelTigo, led by the Chief Executive Officer, Mrs Mitwa Ng’ambi, has paid a courtesy call on His Royal Majesty (HRM) Otumfuo Osei Tutu II, Asantehene at the Manhyia Palace in Kumasi.

Mrs Mitwa Ng’ambi used the occasion to share information on the milestones so far achieved on the merger between Airtel and Tigo since the announcement last year.

She indicated that there was an on-going network upgrade nationwide to ensure that AirtelTigo’s customers enjoy a superior network experience.

She said the company remains committed to meeting the needs of customers and assured the Otumfuo and all valued stakeholders in the Ashanti region of an enhanced customer experience.

“AirtelTigo has a long history in Ghana and is indeed proud of its heritage. We remain committed to pursuing the network upgrade and consolidation to offer fast internet speed, generous data packages and superior voice quality and also deliver a bigger, better and stronger network to our customers,” she said.

Mrs Ng’ambi expressed appreciation to the Asantehene and his Council for their relentless support to the former brands over the years.

In his remarks, Otumfuo Osei Tutu II welcomed the new CEO and thanked the company for its contributions to the socio-economic development in the region. He prayed for a successful merger and reaffirmed his support for the work of the company in serving the needs of the people in his region.

The delegation also paid a courtesy call on the Ashanti Regional Minister Mr. Simon Osei Mensah and the Regional Coordinating Council. The regional Minister was excited about the merger and the opportunity it provides for the growth of businesses.

The visits form part of the AirtelTigo’s leadership team nationwide engagements with staff, distributors and value chain of the company’s business operations in the country.


Source: AirtelTigo



MTN Ghana has raised Gh₵1,146,589,464.75 of the expected Gh₵3,478,045,900, at the end of the Initial Public Offer (IPO) representing 32.97% of the total Offer amount.

The Offer which ran from 29th May, 2018 to 31st July, 2018 consisted of a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana valued at Gh₵3,478,045,900 at an Offer Price of GHS 0.75 per share (the "Offer Shares"), representing up to 35% of the issued shares of MTN Ghana after the offer.

Even though the figure has fallen short of about 67percent of the target, MTN says with investor demand exceeding the minimum (GHS 347,804,590) required to be raised for the Offer, it can be declared successful.

Speaking at a news briefing in Accra, the Chief Executive Officer (CEO) of MTN Ghana, Selorm Adadevoh said of the 128,152 applicants, 127,826 were Ghanaians; and of the Gh₵1,146,589,464.75 raised under the Offer, Gh₵443,631,446.25, representing 38.69%, was raised from Ghanaians.

He indicated that 499 institutional applicants who bought 1,367,386,080 shares amounting to Gh₵1,025,539,560 represented 89.44percent.

Mr. Adadevoh added that the remaining 127,653 retail applicants who bought a total of 163,088,280 shares amounting Gh₵121,049,904.75 represented 10.56percent.

According to him, 108,434 applicants subscribed through the MTN Mobile Money portal representing 84.6% of the number of applicants.

He noted that the first day of trading of the MTN Ghana shares is expected to be launched on next month September 5.

The CEO emphasized that shareholders will then be able to monitor and trade their MTN Ghana shares by contacting a licensed dealing member of the Ghana Stock Exchange.

Mr. Adadevoh stated that successful applicants will be allotted all the shares they applied for. Applicants with Central Securities Depository (CSD) accounts will have their CSD accounts credited with their allotment by 4th September, 2018 by 5:00pm.

He added that IC Securities will create CSD accounts for successful applicants who did not provide details of their CSD accounts as part of their application, and their respective allotments will be credited to the respective CSD account created for them.

“A number of applicants who applied for shares have received notifications to update their identification documentation ("IDs"). Applicants who have received such notifications should visit any MTN Ghana Service Centre with updated IDs as a matter of urgency,” he posited.

Mr. Adadevoh said as a result of KYC considerations these applicants are required to update their IDs in order to be able to trade their shares from the first day of trading.

“Per the Offer prospectus, an appropriate ID is a valid national passport; a driver's license; a national ID; a national health insurance ID or a voter's ID. Until applicants have updated their information and ID cards, their shares will be held in a nominee account ah he CSD. After the applicants have updated their IDs, their shares will be transferred from the nominee account to their account,” he intimated.

According to him, by raising GHS 1,146,589,464.75 from 128,152 applicants, the Offer makes history as the largest primary share offer in the history of the Ghana Stock.

“This is the largest Offer ever in the history of the Ghana Stock Exchange (GSE). It has doubled the size of all the IPOs put together in the history of GSE,” he posited.

Mr. Selorm Adadevoh indicated that the Offer which ran from 29th May, 2018 to 31st July, 2018 consisted of a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana valued at Gh₵3,478,045,900 at an Offer Price of GHS 0.75 per share (the "Offer Shares"), representing up to 35% of the issued shares of MTN Ghana after the offer.





Mrs. Ursula Owusu Ekuful, the Minister of Communication has reiterated government's resolve to extend mobile telephone services to all rural communities across the Country.
She said Ghanaians living in remote communities also deserved to be part of the digitized global community, and that, extending telecommunications infrastructure to those areas was therefore necessary.
Mrs. Ekuful made the observation at Amantia in the Asante-Akim South Municipality, as part of her working visit to the Ashanti Region.
The Minister is in the region to inspect project sites of the Ghana Investment Fund for Electronic Communications (GIFEC) under the Rural Telephony Project (RTP).
She would also acquaint herself with the Community Information Centres (CICs) as well as the School Connectivity Projects, in eight districts in the region.
The Asante-Akim South Municipality has four of the RTPs sites at Amantia, Banka, Bankame-Sunkwa and Gyadam with two CICs at Banso and Obogu.
The Communication Minister said the Ministry through GIFEC was extending mobile telephone services to areas of the country where access were not adequately available.
She said there were areas where licensed operators were unwilling or unable to expand their networks to due to its low commercial viability, adding that, it was the responsibility of government to fill such gaps.
The objective of the RTP, she noted, was to achieve 100 per cent mobile telephone service coverage throughout the country and to increase telephone subscribership to as many citizens as possible.
She said the provision of computers under the School Connectivity Project would facilitate Information Communication Technology (ICT) studies, which was critical to quality education.
Hopeful that the project would help raise standard of education in the area, she urged beneficiary schools to arrange with schools in surrounding communities to also use the facility as a means of reaching out to more pupils.
Mr. Abraham Kofi Asante, the Administrator of GIFEC, said a total of 100 RTP sites had been completed across the country with 29 located in the Ashanti Region.
He said the second phase would see the construction of 200 sites, out of which 30 would be in the Ashanti Region.
Osabarima Tweampomah III, Chief of Banka, commended government for the project, which he said, was a laudable intervention that had addressed many years of communication challenges.

Source: GNA


Kenneth AshigbeyThe Chief Executive Officer of the Ghana Chamber of Telecommunications (GCT), Mr. Kenneth Ashigbey has called on the government to include coding as a subject in the school curricula.
According to him, coding, which is the language of technology has become the order of the new digital age; hence the need for the people to know about it at an early stage in life.
Mr. Ashigbey made the call in an interview after the launch of the Vodafone National Coding Programme in Accra last Friday.
The programme is to provide hands-on training for 10,000 young people in coding across the country.
Mr. Ashigbey said companies and individuals who did not have the basic understanding of the language for the future-coding—risked losing their jobs to artificial intelligence (AI), Internet of things (IoT) and robotics.
He added that it was not enough to be able to read and write, just as the various curricula in the primary schools have been providing. Instead, there was the need to equip young people with the basic knowledge in coding which would enable the country to have young brains that would be able to build and develop applications that were relevant in solving social problems.
“Being able to read and write is no more enough. You need to be able to code; no matter the roles you play, you would need the ability to know some level of coding to be able to say viable,” he said.
He therefore called the young people to register with the Vodafone coding programme and equip themselves to be able to stay relevant in what he described as “a very complex yet transformative digital world”.
Transformational Agenda
Earlier during the launch, a Deputy Minister of Communications, Mr. Vincent Sowah Odotei, said in a bid to place the country on a digital roadmap, the government, through the ministry, had partnered the World Bank Group to build an impact hub at the Accra Digital Centre (ADC).
He added that the ministry had also built other Enhanced Community Information Centres (ECICs) in deprived communities across the country. The centres, he said, were aimed at sending technology closer to the people, especially those who had been left out in digital experiences.
Mr. Odotei indicated that aside from equipping young people with skills in technology, the centres also provided capacity building for people with practical training on how to use the new technologies that were coming up.
“The ECICs are also aimed at creating a converging point for those in the community to go there and try their hands on electronic gadgets to feel the exciting digital experience, in addition to the children being taught how to code,” he said.
He stated that the ministry was building ICT centres in the various second cycle institutions in a bid to promote the digital transformation programme.
The programme
The Vodafone National Coding Programme is a nationwide digital programme which seeks to train young people in coding languages to prepare them for the future. The programme is also aimed at preparing people to be able to participate in building applications, websites and other social enhanced technological devices and add on to the growth of the economy.
The Chief Executive Officer (CEO) of Vodafone Ghana, Ms Yolanda Cuba, said: “if we have young people who do not have interest in coding, which is a basic language in order to partake in the new technology world, we will fall short in igniting Ghana’s digital revolution.”
She therefore called for dialogue to discuss the pragmatic ways to ensure that the country had an efficient narrative of being the digital hub of West Africa.