• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Technology, Media and Telecoms investment to unlock economic growth

3 years ago
in Business, Features, highlights, Markets
2 min read
0 0
0
69
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Technology, Media and Telecoms investment to unlock economic growth

At Rand Merchant Bank (RMB), the corporate and investment banking arm of FirstRand Group of which First National Bank is a member, we are continually driving investment into enhancing the Technology, Media and Telecoms (TMT) infrastructure on the continent, in order to foster technological innovation and unlock economic growth in the geographies we operate. 

Technology, and access to data, has become a critical pillar of economic growth. The Covid-19 pandemic exploded the digital landscape, and demand for data – at accessible prices – has increased. This has driven more demand for new data centres on the continent, tower transactions and unbundling from traditional network operators. Unsurprisingly, there is an influx of related technology investments coming into Africa. 

From an RMB perspective, we have already built a strong track record in several countries and have an appetite to partner as a trusted advisor to new players in the space. For example, we have seen a number of new players entering the South Africa market such as Vantage and Oracle, with private equity investors taking equity stakes in some of the mature SA data centre players like Teraco.

Vantage Data Centers’ new 80MW campus in Johannesburg will be the largest carrier-neutral data centre in Africa once complete, more than doubling the current IT load capacity in Johannesburg, and will eventually comprise 60,000 square metres of data centre space. 

In West Africa, RMB in Nigeria acted as adviser, joint issuing house and bookrunner to MTN Nigeria on the series one public offer for the sale of 575 million ordinary shares held in MTN Nigeria.

With the public offer, MTN Nigeria aims to broaden its local subscriber base, consolidate on its effort to revolutionise telecoms and technology in Nigeria and provide an avenue for Nigerians to share in the growth and value the business creates.

RelatedPosts

Top 10 African Countries With the Strongest Currencies in August 2025

How Crypto Engagement is Finding a Place in Everyday African Life

Cyber Security Authority Warns of Rising Google Maps Brand Impersonation Scams

RMB also recently provided valuable advice in IHS Holding Limited’s successful share listing by an Initial Public Offering on the New York Stock Exchange in October 2021. This was a ground-breaking opportunity for one of the largest independent Telco Tower owners, operators, and developers of shared telecommunications infrastructure in Nigeria. 

Says Thobeka Tubela, Sector Head for TMT at RMB: “The bank is able to provide unique support and focus to the telecommunications, media and technology industry. We have highlighted the sector as a strategic area of interest, owing to its potential for positive impact and transformation. 

“We have strong balance sheet and desire to provide more support in this sector due to its transformational nature to drive sustainable economic growth and uplifting communities. With a big appetite for ESG-linked funding, project finance, and corporate finance advisory across all verticals in the TMT sector, we look forward to becoming a trusted advisor to more clients on the continent,” adds Tubela. 

Titus Nampala, Head of Africa Financial Institutions & Sovereigns at RMB concludes: “As a bank we recognise that the African Development Bank Group aims to spur sustainable economic development and social progress across Africa. With a key focus on infrastructure development in the TMT space we are supportive of AFDB’s goal to build resilient infrastructure, promote inclusive and sustainable industrialization as well as foster innovation. We remain optimistic, through partnerships, smart thinking and commitment we can foster a culture of inclusive growth across the continent.”

Tags: Media and Telecoms investment to unlock economic growthRand Merchant Bank (RMB)Technology
No Result
View All Result

Highlights

Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices

Alcaraz Dominates to Reach Fourth Round at US Open; Rybakina Advances as Raducanu Falls

CHAN 2024: Senegal Edges Sudan on Penalties to Claim Third Place

Lands Minister Initiates Repeal of L.I. 2462 to Protect Reserves and Combat Galamsey

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

Trending

Business

Top 10 African Countries With the Strongest Currencies in August 2025

August 30, 2025

Top 10 African Countries With the Strongest Currencies in August 2025 In an interconnected world where economies...

How Crypto Engagement is Finding a Place in Everyday African Life

August 30, 2025

Cyber Security Authority Warns of Rising Google Maps Brand Impersonation Scams

August 30, 2025

Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices

August 30, 2025

Alcaraz Dominates to Reach Fourth Round at US Open; Rybakina Advances as Raducanu Falls

August 30, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.