Telecom
Bharti Airtel Inks Long-term Strategic Investment with QFE
Bharti Airtel, a leading global telecommunications services provider has entered into a binding agreement with Qatar Foundation Endowment (“QFE”), under which Bharti will issue 199,870,006 of its new shares to QFE representing a shareholding of 5% in the Company, post issuance of the new shares.
As per the agreement, QFE will subscribe to 199,870,006 new shares of Bharti at a price of INR 340 per share amounting to a total consideration of USD 1.26 billion (INR 6796 crores). The investment will further strengthen the capital structure and provide further flexibility for the Company to deliver on its growth strategy.
Mr. Sunil Bharti Mittal, chairman, Bharti commented thus, “I am delighted to welcome another high quality long-term institutional investor to our shareholder base. This strategic partnership with QFE demonstrates the confidence they have in the Company and our strategy for growth. In addition, this agreement exemplifies further strengthening of the already deep economic and cultural relations between Qatar and India. We look forward to a long and fruitful partnership with QFE”.
Speaking on the agreement, Rashid Al-Naimi, acting chief executive officer, QFE, said, “We are excited to be making a significant investment in one of the leading telecommunications companies in the world. As a long-term global investor, our shareholding gives us exposure to a high growth sector in key emerging markets. QFE looks forward to supporting Bharti in realising the full potential of this world class business.”
Goldman Sachs acted as sole financial advisor to QFE on this investment.
Telecom
Digital Literacy Initiative: NITDA and Ministry of Education Join Forces
As part of its mandate to foster digital literacy, cultivate talents and empower Nigerians with the knowledge and skills needed, the National Information Technology Development Agency (NITDA), has initiated a partnership with the Ministry of Education to revolutionise Nigeria’s educational system.
This visionary effort to integrate digital literacy comprehensively into Nigeria’s educational framework came to light during a courtesy visit to the Honorable Minister of Education, Dr. Maruf Tunji Alausa, by DG NITDA, Kashifu Inuwa and his management team on Friday.
The partnership forms a cornerstone of President Bola Ahmed Tinubu’s Renewed Hope Agenda, an ambitious vision to equip young Nigerians with the critical skills required to thrive in the rapidly evolving digital economy.
This initiative seeks to embed digital literacy across all levels of education in Nigeria, starting from the foundational stages in kindergarten through to secondary schools and tertiary institutions, in order to achieve short-term target of 70% and long-term target of 95% digital literacy by the year 2030
During the meeting, Inuwa underscored the urgency of fostering a digitally literate population, highlighting the potential of digital skills to transform lives and economies.
“The future is digital, and the world is evolving faster than ever. If we are to prepare our youth for tomorrow’s challenges, we must begin with today’s education.
“This collaboration with the Ministry of Education is a bold step toward ensuring that no Nigerian child is left behind in this journey toward global competitiveness and innovation,” he remarked.
According to Inuwa, the initiative aims to bridge the digital divide and ensure that every child in Nigeria is adequately prepared to participate in a global economy increasingly defined by digital transformation.
In his response, Dr. Maruf Tunji Alausa praised NITDA’s forward-thinking approach and affirmed the Ministry’s unwavering support for the initiative. “Education remains the foundation upon which national development is built.
“We are ready partner with relevant stakeholders to embed digital literacy into our educational framework, empower our children with the tools and skills they need to not only adapt to change but to drive it,” he said.
With CISCO, National Board for Technical Education (NBTE), National Universities Commission (NUC), National Teachers’ Institute (NTI), National Mathematical Centre (NMC), Universal Basic Education Board (UBEC), and other stakeholders involved, there is already shared commitment to creating an inclusive and technology-driven educational ecosystem.
This ecosystem will empower young Nigerians to not only consume technology but to innovate, lead, and compete on the global stage as the nation progresses into the Fourth Industrial Revolution.
The collaborative effort is set to tackle various dimensions of digital literacy, ranging from curriculum development to teacher training and capacity building.
It will also involve the deployment of state-of-the-art digital tools and infrastructure across educational institutions.
This holistic approach is designed to provide students with hands-on exposure to technology, encouraging critical thinking, creativity, and problem-solving skills from an early age.
Furthermore, the partnership aims to create a ripple effect that goes beyond the classroom, it sets to empower educators with the requisite skills to teach digital literacy effectively and transform the entire teaching and learning process in Nigeria.
It will also focus on addressing regional disparities by ensuring equal access to digital resources in underserved and rural communities, leaving no child or teacher behind.
The involvement of key stakeholders like CISCO, NBTE, NUC, NTI, NMC, and UBEC further strengthens the initiative.
Their combined expertise and resources will provide a robust framework for implementing the partnership’s goals. From introducing cutting-edge technology in schools to fostering a culture of innovation, the collaboration is poised to redefine what education means in Nigeria.
This initiative aligns with Nigeria’s broader goal of positioning itself as a continental leader in digital transformation and innovation. With technology increasingly shaping the global economy, Nigeria’s youth stand at the forefront of this revolution, ready to harness the opportunities presented by a digital-first world.
The partnership further indicates federal government’s commitment to achieving inclusive and sustainable development through digital literacy, and reshaping the very fabric of Nigerian education, ensuring it aligns with the demands of the modern era.
Telecom
MTN Awards N2.5m to Top Fellows at Media Innovation Programme Graduation
MTN Nigeria recently celebrated the graduation of the third cohort of its Media Innovation Programme (MIP), awarding a total of NGN 2.5 million in cash prizes to three outstanding fellows. The graduation ceremony took place at the Pan-Atlantic University in Ibeju-Lekki, highlighting MTN’s commitment to fostering innovation in the media sector.
Launched in partnership with the School of Media and Communication at Pan-Atlantic University, the MIP is designed to equip media professionals with essential skills in traditional journalism while emphasizing the importance of technology in storytelling. Over six-months, fellows engaged in a comprehensive curriculum that included topics such as media entrepreneurship, ICT in media, and ethical journalism.
During the graduation ceremony, three fellows were recognized for their exceptional contributions including the MTN Nigeria Chairman Award for Innovation awarded to Augustus Aigbe of Cool FM; the MTN Foundation Chairman Award for Innovative Reportage to Moninkanola Ogidan of Adaba 88.9FM, Akure and the MTN Award for Best Reporting awarded to Chiemelie Ezeobi from ThisDay Newspapers.
The Executive Director of MTN Foundation, Odunayo Sanya, emphasized the importance of the media innovation and adaptability in media, stating that these awards represent an investment in the future leaders of journalism. “At MTN, we believe a lot in excellence, which is why the partnership with Pan-Atlantic University is still ongoing. We recognise that the future of media lies in innovation and adaptability.
“These awards do not just celebrate the Fellows’ achievement; we are investing in the next generation of media leaders. In an era where digital platforms redefine how stories are told, media practitioners must be equipped with the skills and resources to thrive.”
Dr. Ikechukwu Obiaya, Dean of the School of Media and Communication, highlighted the significance of investing in future media professionals to drive positive societal change while maintaining ethical standards. “In recent times, technological innovation, social media, Artificial Intelligence and the likes have been viewed as dangerous, due to their misuse, although they are not in themselves bad.
“And this is one thing that drives our programs for media practitioners. Our vision is to train and equip competent and professional persons who will use these technological advancements and platforms as a means to contribute to the good of the society.”
The ceremony ended with the Class President, Nifemi Oguntoye expressing his gratitude towards MTN and Pan-Atlantic University for providing a transformative experience that fostered cultural diplomacy between Nigeria and South Africa. “We’ve had the privilege of learning from some of the best minds in the industry. The lessons learnt during our study trip, discussions and engagements have been invaluable. We are eternally grateful to Pan-Atlantic University and MTN for the commitment to empowering Nigerian journalists. A number of our colleagues look forward to having this experience in the next cohort and we know they will not be disappointed”, he said.
To date, MTN Nigeria has invested over NGN 300 million in the media. MIP not only aims to enhance the skills of individual practitioners but also seeks to contribute to a more robust media landscape capable of navigating the complexities of a digital economy projected to reach $18.3 billion by 2026. The event reflects MTN’s ongoing dedication to bridging the digital divide and enhancing media capabilities within Nigeria’s rapidly evolving landscape.
Telecom
MTN Commits to Nigeria’s Digital Growth at South Africa-Nigeria Summit
MTN Group and MTN Nigeria have expressed delight at participating in the 11th South Africa-Nigeria Bi-National Commission held in Cape Town on Tuesday, during which the strong bonds between the two countries were reinforced and plans were made to accelerate cooperation.
The MTN delegation – led by Group President & CEO, Ralph Mupita, MTN Nigeria Chairman, Dr. Ernest Ndukwe and MTN Nigeria CEO, Karl Olutokun Toriola – was honoured to engage with President Bola Ahmed Tinubu on the sidelines of the meeting, which was hosted by South Africa’s Minister of Trade, Industry and Competition Hon Parks Tau.
MTN Nigeria is an important MTN subsidiary, accounting for some 27% of all MTN subscribers and some 23% of Group service revenue.
MTN has long established itself as a company that is a proud supporter of the Nigerian economy, remaining committed to contributing to the nation’s progress across several fronts.
“We believe in the Bi-National Commission’s objectives and the pivotal role of the digital economy in driving inclusive growth in Nigeria. We look forward to continuing our support for economic development initiatives,” says a MTN LinkedIn post.
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