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Yrn.me Is Nigerian – Bold, Fresh and Ready for Prime Time

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Yrn.me is new and fresh. But we do not like one thing – the spam gotcha. It kills the user experience. Asking us to put a gotach to prove we are humans was not fun. Yet, the site is bold, fresh and prime time. We got a simplification of our new book url:  http://yrn.me/fl35u And it works.

 

We congratulate again Tekedia interviewee, Ahmad Muksohy for this innovation he piloted.

 

What is Yrn.me? We just quote what the creator has on the About page:

 

Built by Ahmad Mukoshy, yrn.me is a mini url-shorter that works! Its primary work is to shorten web addresses and make them attractive and share friendly like “yrn.me/abc12”.

 

It also allow its users to generate custom links like “yrn.me/wikipedia” on top of any long web address! Read for web developer who could use it with their web based applications using the YRN.Me API. Yrn.me lets you shorten, organise, share and track links you visit!

 


Visafone Introduces Visa Talk. That Comes After The Popular Money Back Initiative

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Visa Talk  is here. Visafone launched it to help subscribers get a lower and better tarriff with the wireless network provider. With this offer, users pay 15k per in-network and 30k for out network per second. But the users must pay access fee of N25 everyday.

 

This is a new innovation after its popular Money Back initiative where a user can return a used phone for a new one with payment and maximum ceiling of N5,000 per unit of handset.

 

In a media statement introducing Visa Talk, Sailesh Iyer, the MD/CEO of Visafone noted that the new product will add value to user experience in the network. He was of the opinion that this offers a higher value to customers in terms of quality and cost. To switch to this new offer, just dial *444*120# in the Visafone network.

 

the new tariff will add value to our customers by helping them to connect more with family and friends, as Visafone continues to offer other products and services to make communication accessible and affordable.

 

Visafone this week lost its priced jewel of acquiring Multilinks which it had hoped to use to consolidate its CMDA services in the nation. Maybe, it can talk to Starcomms which we think can be a natural partner and both can compete against the big GSM networks. We think in the long run, Visafone nets a merger to continue to do well.

Broadband Summit Announced in Lagos – July 26/27

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Business World is hosting a High Level  Broadband Investment Summit under the theme Broadband as enabler to connecting  the next 50 million Telecom USERS in Nigeria on July 26/27, 2011 in Lagos, Nigeria.

 

The Summit will extensively expose the massive business opportunities available to do and examine the challenges facing telecom players in connecting the next 50 million telecommunications users in Nigeria as the country goes into the second decade of telecommunications revolution.

 

Broadband is today’s transformational technology. By revolutionizing access to content and changing the delivery paradigms for a whole host of public and private sector services, it is becoming essential basic infrastructure for every country’s future development. Yet for the moment, access to high-speed Internet is very much a rich-world privilege. To truly harness the power of information and communication technologies to create tomorrow’s Knowledge Societies and meet the Millennium Development Goals, new approaches to driving broadband roll-out across economic barriers are urgently needed.

 

For venue and more information, visit here.

 

 

African Focused Private Equity Firm Closes $900 Million for New Fund

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Helios Investment Partners (“Helios”), UK based African focused  private equity firm has closed $900 m for investment in Africa. But do not jump, this fund is for big business as it is investing from $25m to $250m per transaction in various forms, including business formations, growth equity investments, structured investments in listed entities and large leveraged acquisitions.

 

In a statement, the company stated that the the fund’s investments will be focused on high-growth sectors which have been deregulated, are core to the economy and are sectors in which the firm has particular expertise. These include Telecommunications & Media, Financial Services, Power & Utilities, Distribution & Logistics and fast moving consumer goods.

 

In recent months, Helios has made three investments through the Helios II fund: the acquisition of Interswitch, Nigeria’s leading electronic payments processing company; the establishment of Helios Towers Africa which builds and operates telecommunications tower businesses across Africa, and the acquisitions of tower portfolios in Ghana, Tanzania and the DRC; and the acquisition of Continental Outdoor Media, Africa’s largest outdoor advertising company. In addition, Helios recently announced the acquisition of Shell’s downstream fuels business across Africa.

 

Helios II was substantially oversubscribed, despite the challenging global fundraising market conditions, with demand exceeding $1 billion. Continued political and market liberalisation and strong economic growth have prompted global investors to evaluate investment opportunitites in Africa more closely.
Helios II will be deployed by a team of investment professionals whose deep understanding of the African market, coupled with extensive global private equity experience, provides a unique advantage in originating and evaluating investment opportunities in the region.

 

What s Helios Investment Partners? It  is an Africa-focused private investment firm. Helios operates a family of funds and their related co-investment entities, aggregating more than $1.7 billion in capital commitments. Established in 2004 and led by co-founding partners Tope Lawani and Babatunde Soyoye, Helios is one of the largest investment firms focusing on Africa and is among the few independent pan-African private equity investment firms to be founded and managed by Africans.

 

Helios’ portfolio companies operate in more than 25 countries, and in various industrial sectors, across the African continent. The firm has significant experience in private equity investing across a broad range of industries and investment types – leveraged buyouts, recapitalisations, joint ventures, seed-stage venture capital, restructurings, and strategic public equity investments.

 

Limited partners in Helios’ funds include several leading global funds of funds, endowments and foundations, sovereign wealth funds, family offices, high net-worth individuals and development finance institutions.

[News Flash] Nigeria Guaranty Tust Bank CEO Died In London Today – @GTBANK Twitter Account Says

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We have no words than to link you to the Twitter account of GTBank. Their MD/CEO died today in London.

 

We regret to announce the passing on of our CEO, Tayo Aderinokun, today, aged 56

 

May his soul rest in peace. He is one of the legends of our nation. A man that built a business that employs thousands and created many jobs. May The Good Lord Bless His Soul.