Telecom

Zain announces 5-year US$800 mln investment in Sudan

Zain announces 5-year US$800 mln investment in Sudan
Thursday, 01 December 2022 14:13

(Ecofin Agency) - After the coronavirus pandemic, telecom consumers’ needs have greatly changed. To keep up with the challenge, telecom operators are investing heavily to meet current and future needs and be competitive in the coming years. 

Kuwaiti telecom group Zain announced, Wednesday (Nov 30), it would invest US$800 million in its Sudanese operations over the next five years. The investment aims to help upgrade the network infrastructure and deploy new ones to meet the growing demand for digital services. 

The investment program comes against a backdrop of accelerated digital transformation, including strong consumer demand for broadband connectivity and the emergence of new digital consumption patterns. Telecom operators are therefore investing in upgrading their networks to introduce the latest technologies and reach more people.

Recently, MTN Group, Zain's main rival in Sudan, signed a partnership agreement with U.S.-based LigaData to accelerate the digital transformation of its operations in the country. The company also has a 10-year partnership underway with Canada's NuRAN Wireless to deploy more than 500 telecom sites in the country’s rural areas.

The announced investment is therefore expected to strengthen Zain’s position in the Sudanese telecom market. For the first nine months of 2022, Zain generated revenues estimated at US$339 million (up 41%) with EBITDA estimated at US$178 million. During the period, the operator’s subscriber base also grew to 16.2 million subscribers. 

Isaac K. Kassouwi

On the same topic
• Uganda’s telecom industry has launched a joint anti-vandalism initiative led by UCC.• Over 820 cable vandalism incidents and widespread service...
Microsoft has launched the African Regional Cybersecurity (ARC) Initiative, starting in Kenya. The program includes cyber risk management,...
The engagement marks a significant step toward deepening U.S.-Ghana digital cooperation, positioning Ghana as a strategic partner in the evolving global...
NIMC says extortion and corruption cases dropped by at least 40% Over 120 million Nigerians enrolled in the national ID database Concerns...
Most Read
01

The African Development Bank has approved a $304 million loan to Botswana to support the southe...

African Development Bank Approves $304 Million Loan to Support Botswana's Fiscal Stability and Economic Reforms 
02

BRVM and Africa50 signed a deal to create new infrastructure financing tools The plan inclu...

BRVM and Africa50 Partner to Fund Infrastructure in WAEMU
03

The Economic Community of West African States (ECOWAS) parliamentarians met in Lomé from May 6 to 9,...

ECOWAS Parliament Calls for Airfare Tax Cuts to Make Flying Affordable
04

Nigeria’s audit industry grew 65% in 2024, reaching 28.2 billion naira ($14.4 million). KPMG, EY,...

Big Four Hold 99% Share of Nigeria’s Audit Market in 2024
05

Africa’s digital economy is growing rapidly, and the demand for data storage, processing power, and ...

Safaricom and iXAfrica Launch East Africa’s AI-Ready Data Centre Services
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.