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Amazon Web Services to host Africa Money masterclass in Ghana

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Amazon Web Services (AWS), a subsidiary of Amazon.com, will host an Africa Money and DeFi Summit masterclass between October 3rd and 4th in Accra, Ghana.

The masterclass, which is in partnership with Africa Tech Summit, is aimed at being a catalyst for a digital transformation across the African continent, leveraging the expertise of AWS to empower entrepreneurs and accelerate economic growth, according to Lawrence Muthoga, Startup Account Executive, Sub-Saharan Africa, Amazon Web Services, in a statement on Wednesday.

The statement also announced that nine African ventures had been selected to showcase their cutting-edge web3, blockchain, fintech, and decentralised finance (DeFi) businesses to investors and industry leaders live on stage.

The selected startups, according to Muthoga, include Hurupay, VerifiBuy, BluPay and PayBox, all from Ghana. Others are Save App and Safi Protocol from Kenya, Coinazer and One Chain Africa from Nigeria, as well as PA from Ivory Coast.

“With an unmatched legacy of 12 consecutive years as a Gartner Cloud Infrastructure and Platform Services (CIPS) Magic Quadrant leader, AWS will bring its unrivalled expertise to the summit,” Muthoga said.

“Africa has leap-frogged in the financial space. This is due to the great impact had by the amazing startups and ecosystem players who have taken it upon themselves to improve the lives of the communities around them.

“AWS is honored to share in this process and dive deeper into what we have seen working around the globe and in Africa.

“Africa Money and DeFi Summit promises an immersive experience with interactive masterclass sessions, panel discussions, fireside chats, and networking opportunities.

“The event will also feature a meeting zone that fosters invaluable interactions between entrepreneurs and investors. Moreover, the Investment Showcase will provide a platform for innovative ventures from across the continent to pitch their solutions to potential backers”, he added.

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Again, Starlink raises prices of its services in Nigeria

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Elon Musk’s satellite internet service provider, Starlink, has again jacked up the prices of its services in Nigeria after an earlier increase caused uproar among customers.

The service provider, in a statement released on Friday, informed its Nigerian customers that it would raise its monthly subscription prices, with the new rates set to take effect on January 27, 2025.

Under the new pricing regime, the lowest subscription tier will increase significantly from ₦38,000 to ₦75,000 per month, while mobile global roaming service will now cost ₦717,000 monthly.

The company stated that new subscribers will immediately pay the adjusted prices while existing customers will see the changes reflected in their upcoming bills.

In an email sent to users, Starlink said:

“To continue enhancing the Starlink network and provide reliable, high-quality service across Nigeria, we are adjusting our monthly subscription prices.

“These changes are part of our ongoing commitment to investing in the infrastructure needed to improve your experience with Starlink.”

This is the second time Starlink has attempted a price hike in Nigeria. The Nigerian Communications Commission (NCC) has rejected its previous increase in October on the grounds that the company had not sought the necessary regulatory approval.

However, insiders believe the NCC is set to approve an increase in the first quarter of 2025, which gives credence to insinuations that Starlink may have gotten an approval for the price increments.

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Safaricom Ethiopia launches 4G network in Gambella

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Ethiopia’s second largest telecom provider, Safaricom Telecommunications Ethiopia P.L.C., has announced the official launching of its 4G network services in Gambella and other surrounding areas.

The launching of the 4G network in the region, according to Safaricom Ethiopia CEO, Wim Vanhelleputte, highlighted the significant impact that enhanced telecommunications infrastructure could have on the region’s social and economic progress.

“In line with our commitment to digital education, Safaricom Ethiopia donated 20 laptops and 4 routers, including six months of free internet, to two high schools in Gambella City, supporting digital literacy and educational opportunities for local students,” Vanhelleputte stated.

Vanhelleputte reaffirmed Safaricom Ethiopia’s commitment to expanding its reach and ensuring that more regions gain access to reliable and high-speed internet.

“The introduction of the 4G network in Gambella is designed to deliver significant advantages to the local community,” he said .

“Enhanced connectivity will open doors to better access to information, education, and healthcare services. Additionally, it will create new opportunities for businesses and entrepreneurs, driving economic growth and development within the region.

“Safaricom Ethiopia’s move into Gambella aligns with its broader strategy to extend 4G coverage to more areas, furthering its mission of fostering nationwide connectivity,” the CEO added.

Alemitu Oumud, President of the Gambella Region who also spoke at the event, stated that, enhanced infrastructure is driving positive social and economic growth in our region.

“We commend Safaricom Ethiopia for its contributions to job creation, improving connectivity, and making Gambella a more attractive destination for investment,” Oumud said.

He stressed the potential of the new 4G network to drive business activities, attract investments, and foster entrepreneurship in the region.

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