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

Google's Equiano subsea cable lands on SA shores

Google’s Equiano subsea cable, which seeks to connect Europe to Africa via the ocean, has made its final stop landing in Melkbosstrand, Western Cape, South Africa.

Story

Women in Tech: Spotlight on legal tech with Life.file's Sinal Govender

Life.file co-founder, Sinal Govender, talks to Connecting Africa as part of our Women's Month series about her career and how we can encourage more young girls to enter the legal tech field.

More Innovation hub

Africa Tech Perspectives

Story

Women in Tech: Spotlight on inclusivity with Digital Council Africa's Juanita Clark

Digital Council Africa founder and CEO, Juanita Clark, talks to Connecting Africa as part of our Women's Month series about her career and what needs to be done to make the tech industry intentionally inclusive.

Story

Women in Tech: Spotlight on legal tech with Life.file's Sinal Govender

Life.file co-founder, Sinal Govender, talks to Connecting Africa as part of our Women's Month series about her career and how we can encourage more young girls to enter the legal tech field.

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

More AfricaCom perspectives

Partner perspectives

5G is lighting up the future of North Africa
By Chris Meng, VP of Huawei Northern Africa Carrier Business Department

The moving target that is telecoms fraud
By Clémentine Fournier, Regional VP Sales, Africa, BICS

How mobile operators in Africa can address signalling threats and secure the network
By Katia Gonzalez, Head of Fraud and Security at BICS

All Partner Perspectives

Latest video

More videos

Guest Perspectives

Story

Omdia View: June 2022

By Omdia Analysts

5G was the major news trend across Africa in June, as Orange became the first operator to launch 5G in Réunion and operators in Senegal accelerated their 5G plans despite spectrum delays.

Story

Omdia View: May 2022

By Omdia Analysts

SpaceX-owned Starlink's plans to launch a satellite broadband service in Africa was a major highlight in May 2022, says Omdia's analysts.

More Guest Perspectives

Upcoming events

Africa Tech Festival
November 7-11, 2022
CTICC, Cape Town
More Upcoming events

Archived webinars

Africa Green ICT: Lighting Up a Sustainable Continent

The ICT industry is the leading industry in the commitment to carbon neutrality, whose focus has shifted from setting ambitious targets to taking initiatives. The push for zero-carbon and for green energy development, it isn't just about CSR – it's also good for sustainable business.

The path to sustainable development requires green energy. Governments are looking at potential policy approaches to make green energy more widely available and affordable. Without sustainable energy, there will be no digital transformation and no chance of making Africa more economically competitive in the post-pandemic era.

Africa Green ICT Webinar 2022 will bring together ICT industry leaders and senior industrial analysts to provide insight, best practices and key learnings on how to achieve zero-carbon targets and practice green development in Africa.

More Webinars

Sponsored video

More videos

Flash poll

All polls

Like us on Facebook

Newsletter Sign Up


Sign Up