Tizeti is expanding in Africa

By BERK GÜNDÜZ

Wireless networking may be getting a boost across Nigeria as YCombinator alumnus Tizeti begins to expand in the region.

The company managed to raise $2.1 million from African and American venture firms such as Western Technology Investment, Social Capital, Vy Capital, Zeno Ventures and Ace & Company to continue expanding across Southern Nigeria, and is now heading towards profitability.

Tizeti’s plan is to wire most of sub-Saharan Africa with its towers, and create a network of wifi providers throughout Lagos that are easily accessible on the go.

Currently, the company’s customers are averaging 900 gigabits of internet usage at peak times; 200 gigabits on average.

Tizeti plans to expand its network of towers from 45 to 55 over the next 9 months until internet speeds in Nigeria hit 10 mbps.

 

Share

Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM

Sustainability