Tizeti targets Internet growth, commits $5m to continent’s ISPs
Internet Service Provider, Tizeti, has pledged to support Nigeria and other African startup ISPs with a $5m venture fund for expanding Internet access across the continent.
The Co-founder/Chief Executive Officer, Tizeti, Kendall Ananyi, said this at its yearly NeXTGEN conference in Lagos. He said the initiative was developed to promote digital interaction and make transformation more seamless in the wake of disrupting global COVID-19 pandemic.
Ananyi noted that despite the 22 per cent growth in Internet usage in Nigeria, the market is still huge with a lot of opportunities for startups that are willing to operate in that space.
The forum attracted speakers that include, the co-founder and Chief Executive Officer, Kudi, Yinka Adewale, co-founder/Chief Executive Officer, Aella App, Akin Jones, Chief Executive Officer, Reliance Health, Dr. Femi Kuti, Country Managing Director (Nokia Nigeria), Eniola Campbell and the Deputy General Manager, Nigeria Sales for MainOne, Olubunmi Ogun.
Ananyi said, “The global pandemic expedited the need for technology to be faster, more intuitive and easier to understand, irrespective of the peculiarities of its users. Many people were unable to quickly adapt to the new normal of working, connecting to family and colleagues remotely, and accessing various educational, occupational, entertainment, and other services virtually.
“Many firms took an unnecessarily long time to adjust to the constraints the pandemic brought, and this resulted in declined productivity, ineffective transformation, and lost revenue. Technology is only useful when it creates solutions to problems and we believe that as a leader in the digital space in West Africa, we have a role to build the technology platforms that will allow our user base to be agile and relevant in the coming years. We saw the transition from physical everything to the work-from-home model overnight and knew that we had to help people and businesses change the way they work and play.”
He said the firm has unveiled new connectivity offerings to widen the broadband envelope in Nigeria with robust Internet plans, expanding coverage in Nigeria and a focus on accelerating Internet availability across Africa with a new venture fund. The innovation will also help to deliver a simpler and more convenient technology offering with a smart customer care operation and integrated customer relationship management systems.
“We have launched new voice and data service for residential, small, medium and enterprise organizations within Nigeria. Turbo 100MBps Unlimited Internet Plans in Lagos will guarantee 100Mbps unlimited plans which are 50 times faster than the existing plans in the market, with a free three months pilot to the first 100 signups in the Lekki area.”
According to him, Tizeti is passionate about empowering more Nigerians, stimulating economic activities and providing unlimited access to affordable and reliable broadband services by widening the broadband envelope to 10 new cities in Nigeria.
On his part, the Chief Operating Officer of the firm, Ifeanyi Okonkwo, stated that it will leverage the proprietary operating system (OS technology), global partnerships with equipment vendors, submarine cable companies, payment providers and venture firms to provide the resources for the startup ISPs to accelerate the availability of unlimited Internet across the continent.