Nigeria embarks on Power Sector Privatisation

On August 31st, 2010, posted in: sep10news by

By Nick Tattersall

LAGOS (Reuters) – Nigeria will hand over management of its electricity grid to a Canadian, Indian or Irish firm by year-end as it embarks on the multi-billion dollar privatisation of its dilapidated power sector, a top official said on Friday.

Bart Nnaji, head of a presidential taskforce charged with reforming Nigeria’s power sector, said Manitoba Hydro, owned by the Canadian province of Manitoba, India’s Power Grid Corp and Ireland’s Electricity Supply Board (ESB) were the three final bidders to manage the transmission network.

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Thabiso Mochiko

Johannesburg — THE Brazilian government will test a Japanese digital broadcasting technology in SA from the end of the month, in an effort to persuade the country to adopt it.

SA, along with the rest of the Southern Africa Development Community (Sadc) region, is migrating from the analogue broadcasting signal to digital as required by the International Telecommunications Union.

The move will provide better quality pictures, space for more TV channels and other services such as mobile TV.

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MTN’s Group Chief Executive Officer, Phuthuma Nhleko, has said that the telecommunications operator increased its subscribers’ base in Nigeria by 4.2 million in the first half of 2010.

He said this not long ago at the presentation of the company’s reviewed interim results for the six months ended June 30 in Johannesburg, saying that the operator’s subscribers globally had reached 129.2 million.

Nhleko, presenting the report, said that the subscribers’ base of MTN Nigeria had grown from 30.8 million in December 2009 to 35.1 million by June, representing a 14 per cent increase.

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