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.
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
DR Congo commissions 10.5 MW Kakobola hydropower plant in Kwilu Project to supply over 400,000 people, boost local economy Launch follows delays, with...
International tennis tournaments in Gaborone attracted over 7,000 visitors and supported more than 200 seasonal jobs Tourism accounts for about...
Ghana will launch a digital platform to publish and centralize all Power Purchase Agreements (PPAs). The reform follows controversies over opaque...
The European Investment Bank and Bank of Industry signed €135 million ($156.3 million) in loans targeting healthcare manufacturing and...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...