Since September 30, 2018, Libercom SA, the telecommunications operator which belongs to the incumbent operator Bénin Télécoms, has stopped operating in Benin. In a communiqué published on September 28, 2018, the company’s liquidator invited clients to use all their airtime before September 30. But, it is worth reminding that Libercom stopped commercial activities on Augst 29, 2018.
The liquidation of Libercom, a company created via the decree n°2004-260 of May 5, 2004, follows the poor performances realized by the company after the national telecommunications sector was liberalized and large foreign groups like MTN entered the market. In its 2016 operations report, Benin's telecommunications regulator ARCEP revealed that Libercom owned only 0.75% of the market while MTN and ETISALAT Bénin SA (Moov) had the rest.
Poor financial management that also lasted for long did not help the numerous managers appointed to save the company. In compliance with ARCEP’s ruling, Libercoms clients are now entrusted to MTN.
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Syrah plans $72 million equity raise for Mozambique, U.S. assets Funding could lift liquidity to about $198 million, company...
UN declares transatlantic slave trade a crime against humanity Resolution led by Ghana passes; US, Israel oppose, others abstain Text calls...
Angola, EU sign €50 million Agrinvest deal for Lobito Corridor Project targets agriculture, jobs, and value chains across key...
Togo to receive fuel shipments from Nigeria’s Dangote refinery Refinery exports 456,000 tons to five African countries Move aims to cut...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...