Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Investment

Nigerian WiFi Services Startup Raises $2.1M

Article Image
Nigerian WiFi-based ISP Tizeti, which offers its services under the brand Wifi.com.ng, has raised US$2.1 million in seed funding from a range of investors, cash that will enable it to expand its network throughout Lagos and beyond.

Tizeti Network Ltd. builds and operates solar-powered WiFi towers and uses those towers to offer unlimited Internet access services to small businesses and residential users. Its model cuts down on various costs, including the use of generators and diesel, enabling the company to offer Internet access services starting at $30 per month, which the company claims is about 30% cheaper than the prices of incumbent network operators.

Co-founder Kendall Ananyi noted that the funding "allows us to grow aggressively in the Nigerian market, and we will continue to invest in building out our own solar powered infrastructure, as well as refine and expand our consumer focused product that delivers reliable, cost-effective Wifi to potentially millions of Nigerians. We aim to 'win Lagos,' with a view to expanding across the West African region over the next 18-24 months."

Investors include Western Technology Investment, Social Capital, Vy Capital, Picus Capital, Ace & Company, Lynett Capital Partners, Zeno Ventures and a number of angel investors including Michael Seibel and Gabriel Hammond from seed funding vehicle Y Combinator.

Ananyi, an alumni of Y Combinator, added: "Since graduating from Y Combinator, we've licensed spectrum from the Nigerian Government and signed an IRU contract with a submarine cable provider to extend the coverage of our unlimited Internet service, which will put Tizeti in a stronger position to roll out additional services… such as our new Wifi Hotspot Service."

The company notes that as the use of solar power in West Africa grows and the cost of solar panels decreases, it is building out its network of 35 owned and operated towers and offering unlimited Internet access with a basic speed of 10 Mbit/s. It also owns a data transport network that enables submarine cables operators to reach their customers via Tizeti's towers.

The ISP claims it has already "connected thousands of Nigerian subscribers to broadband internet, and continues to capitalise on a market that is witnessing steady growth."

— Ray Le Maistre, Follow me on TwitterVisit my LinkedIn profile, International Group Editor, Light Reading for Connecting Africa.

Innovation hub

Story

Hot startup of the month: SA's FlexClub

South African startup FlexClub has launched a managed marketplace that helps independent drivers on digital platforms become vehicle owners.

Story

Econet and X's Project Taara join forces to connect Africa

Econet Group and Google X's Project Taara are teaming up to deploy new high-speed Internet technology to communities across sub-Saharan Africa.

More Innovation hub

Latest video

More videos

AfricaCom perspectives

Story

AfricaCom Interview: Onica Makwakwa on closing the digital gender gap

The Alliance for Affordable Internet's head of Africa, Onica Makwakwa, shares her views on how to narrow the digital gender gap and the challenges keeping women offline on the continent.

Story

AfricaCom Interview: Tunde Fafunwa on how the ACIP is fighting COVID-19

Tunde Fafunwa from the UN Economic Commission for Africa explains how the Africa Communication and Information Platform (ACIP) is helping Africa's battle against COVID-19.

Story

AfricaCom Interview: Temidayo Oniosun on Africa's space and satellite industry

Space in Africa founder, Temidayo Oniosun, shares his views on the challenges and opportunities in the African space and satellite industry.

More AfricaCom perspectives

Partner perspectives

SD-WAN and satellite – how MNOs and telcos can enjoy the best of both worlds
By Ofer Asif, SVP BizDev, marketing and strategy at Spacecom

Africa's mobile operators need better roaming monetization for growth
By Damion Rose, product manager for Mobile Signaling and Roaming Solutions at BICS

How Africa's operators are driving socio-economic development
By Clémentine Fournier, VP Sales Africa at BICS

All Partner Perspectives

Industry announcements

More Industry announcements

Upcoming events

Africa Green ICT Forum
December 2, 2020
Virtual Event
More Upcoming events

Flash poll

All polls

Archived webinars

AfricaCom 2020 Digital Symposium - Day 2

Session One

Mobile Money 2.0: the Bright Future of Mobile Financial Service Innovation
Date: 08/20/20 @ 11:00 A.M. SAST

Speaker: Paula Gilbert, Editor, Connecting Africa

Africa was the birthplace of Mobile Money and while it continues to rise in popularity, the industry is quickly evolving and launching more mobile-based financial services every day. In this Connecting Africa online event, local analysts and industry stakeholders will discuss how telcos are disrupting the financial services space and what the rise of Mobile Money 2.0 will look like for Africa.

  • From cash to mobile: heading towards a cashless society
  • Expanding MFS offerings beyond mobile money transfers
  • MNOs vs banks vs fintechs: an evolving competitive landscape
  • Unconnected and unbanked: fintech to improve financial inclusion
  • The rise of micro-loans and insurance through mobile platforms

12:15 P.M. - 12:30 P.M. BREAK

Session Two

Connecting the Next Billion: Strategies for Getting Africa On-Grid
Date 08/20/20 @ 12:30 P.M. SAST

Speaker: Paula Gilbert, Editor, Connecting Africa

Africa has the fastest growing population in the world and also the youngest, with 60% of Africans under the age of 25. It is clear that the next billion connected are going to be the mobile-only generation. This digital symposium will bring industry experts together to discuss Africa’s digital divide and how to get devices into the hands of young Africans and empower them to join the digital revolution.

  • Who’s Driving? The role of government & regulator, private tech companies, and public-private partnerships
  • Device affordability: are we reaching a tipping point?
  • Status check: Satellite vs Fiber and the enduring infrastructure gap
  • Exploring the wider societal and economic benefits of a connected, digitally literate continent


More Webinars

Infographics

Safaricom Spark Fund Portfolio

Infographics archive

Slideshows

AfricaCom 2019 Preview

Slideshow archive

Like us on Facebook

Newsletter Sign Up


Sign Up