- Telcos, ISPs Frustrating IPv6 Adoption by Networks
There are indications that telecommunications operators and traditional internet service providers (ISPs) in the country are frustrating adoption of Internet Protocol version six (IPv6) by other networks, Nigeria CommunicationsWeek has learnt.
IPv6 is touted as the latest level of the Internet Protocol (IP) and is now included as part of IP support in many products including the major computer operating systems.
A network engineer with a university who does not want to be named expressed the university’s frustration to use its IPv6 address by the telecommunications operator providing them with internet connectivity because their network is not compactable with IPv6.
Providing more insight on this, Mohammed Rudman, chairman, IPv6 Council Nigeria, said that most telecommunications operators and internet service providers in the country have not adopted IPv6 which raises the issue of compatibility with other networks they are offering internet connectivity service.
“Upstream service providers in the country are not offering IPv6 on their network. For instance, among networks that bring submarine cable to the country, it is only MainOne network that have adopted IPv6 on its network. This is not good for the country’s effort to adopt IPv6,” he said.
Nigeria CommunicationsWeek investigations revealed that there are 32 networks in the country which are made up of telecommunications operators, internet service providers, universities, banks, oil companies among other organizations that have acquired IPv6, with only three networks using it as at today, they include MainOne Cable Company, Internet Solution Limited, and ipNX Nigeria Limited.
Rudman noted that while other African countries are making steady progress in the adoption of IPv6 Nigeria lags behind because of their use of Network Address Translation (NAT). NAT allows networks to convert private addresses of internet protocol (IP) to public addresses thereby making the country to consume less resource of IP addresses.
He added that the use of NAT is responsible for Nigeria’s low ranking in consumption of IP addresses on the internet, even as the country ranks amongst the highest in Internet penetration in world and number one in Africa.
Niyi Yusuf, country managing director, Accenture Nigeria, urges for regulatory push in the adoption of IPv6, he cited the case in banking sector where CBN issued a directive mandating banks to adopt tier 111 Data Centre which led them into outsourcing of data centre business to commercial data centre operators with Tier 111 certification.
Jumia Nigeria Appoints Sunil Natraj as CEO, Outlines Ambitious Expansion Plans
Former Jumia Ghana CEO to Lead E-Commerce Giant as Massimiliano Spalazzi Steps Down
Jumia Nigeria, a prominent player in the e-commerce sector, has announced the appointment of Sunil Natraj as its new CEO.
Natraj, the former CEO of Jumia Ghana, will take the helm of the e-commerce business in January 2024, succeeding Massimiliano Spalazzi, who has been with Jumia Group for 11 years and will be stepping down in December 2023.
The announcement came during a media parley held in Yaba, Lagos, Nigeria, with Francis Dufay, the CEO of Jumia Group, unveiling Natraj as the new leader.
Natraj expressed Jumia’s commitment to becoming a truly Nigerian company and continuing the initiatives started by Spalazzi.
“We want to continue what Spalazzi started,” Natraj stated, emphasizing Jumia’s vision to expand its presence beyond Lagos.
He disclosed plans to extend operations to additional Nigerian cities, with Akure and Ilorin on the radar and a focus on cities en route to Ibadan, Warri, and Benin in the first quarter of 2024.
The overarching strategy is to create a comprehensive network covering the entire country.
Dufay outlined the ambitious goal of targeting cities with populations exceeding 20,000 people, citing successful precedents in Ghana, Cote d’Ivoire, and Senegal.
He acknowledged the challenges faced by Jumia, including a workforce reduction in Q4 2022 and a 73% cut in advertising budgets in Q3 2023.
Despite the hurdles, Dufay highlighted Nigeria as Jumia’s largest market and affirmed the company’s determination to navigate and thrive in the ever-evolving e-commerce landscape.
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Flutterwave Expands Financial Frontier: Acquires Money Transfer Licenses for 13 U.S. States
Africa’s Leading Payments Tech Firm Facilitates Faster, Affordable, and Secure Transfers between the U.S. and Africa
In a significant move towards advancing financial connectivity between Africa and the United States, Flutterwave, Africa’s premier payments technology company, has proudly announced its acquisition of money transfer licenses for 13 key U.S. states.
This strategic expansion aims to expedite, streamline, and secure the transfer of money from the U.S. to Africa and back.
The states covered by the newly acquired licenses include Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota.
These additions, combined with Flutterwave’s existing partnerships and licenses, now empower the company to serve customers seamlessly across 29 states in the U.S.
Money transfer licenses, issued by state regulators, play a pivotal role in enabling financial technology companies like Flutterwave to engage in the transmission of money.
The acquisition of these licenses fortifies Flutterwave’s commitment to regulatory compliance, safety, and the soundness of its services.
Stephen Cheng, Executive Vice President, Global Expansion and Partnerships at Flutterwave, emphasized the significance of this milestone.
“Getting these licenses expands our regulatory footprint, demonstrates our ability to deliver services with safety and soundness, and fosters trust among regulators, partners, and customers,” stated Cheng.
“We’re growing and are committed to servicing customer needs in as many geographies as possible, particularly with a significant African diaspora.”
Flutterwave’s popular solutions, such as the Send App, are set to benefit greatly from this expansion.
The Send App facilitates easy and secure money transfers between the U.S. and Africa, catering to both individual users and enterprises that rely on Flutterwave for global last-mile payouts.
“Sending money between the U.S. and Africa has been challenging for the African diaspora. These licenses pave the way for Flutterwave to make the Send App available to the African diaspora in the U.S., offering a super user-friendly money remittance experience,” explained Olugbenga Agboola, Founder and CEO at Flutterwave.
“Our mission is to connect Africa to the world and the world to Africa by simplifying payments for endless possibilities. These licenses move us one step closer to our vision, and we will continue to expand this feat to ensure coverage for all states in the U.S. and beyond.”
Flutterwave remains steadfast in its commitment to providing accessible remittance services across the U.S. and has outlined plans for further expansion of licensing coverage in the near future.
This ambitious endeavor reflects the company’s dedication to fostering financial inclusion and creating a seamless financial bridge between continents.
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