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.
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...
WAEMU foreign exchange reserves rose to about $33 billion by end-October 2025. Import cover ...
Revised lease introduces sliding-scale royalties linked to lithium prices Royalty rate falls to 5% at current spodumene price levels Parliamentary...
Robex pours first gold at Kiniero, ahead of commercial production in 2026 Mine targets average output of 139,000 ounces a year over nine years Guinea...
Invictus Energy secures production-sharing agreement approval Project targets pilot gas production and power generation Mukuyu field holds an...
The International Monetary Fund (IMF) said its Executive Board has approved the immediate disbursement of $442.4 million to the Democratic Republic...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...