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.
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
U.S. firm signs tracker supply deal for 258 MW solar project Project includes battery storage and feeds into national grid Move strengthens...
NOC begins first phase of pipeline linking Farigh field to Brega Project aims to secure gas for power generation and industry Move comes as...
Eni reports over 1 trillion cubic feet of new gas offshore Libya Discoveries could be tied to existing infrastructure for quick output Move...
Creative industries expand with women at the core, but face persistent financing gaps Sector contributes up to $310 billion to GDP and...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...