Connect with us

Business News

SEACOM acquires South African internet service provider

MacroLan manages an expanding fibre network serving a growing number of Cape Town’s commercial users

Published

on

SEACOM has announced its acquisition of Cape Town-based Internet service provider and managed services provider, MacroLan. The acquisition is in line with the pan-African telecom enabler’s strategy to extend the reach of its fibre network to more metropolitan areas across South Africa, as well as to bolster its managed services capability for business customers.

MacroLan will become SEACOM’s Cape Town regional office and will lead SEACOM’s expansion in the Western Cape market for fibre Internet access to the business-customer premises.

MacroLan manages an expanding fibre network serving a growing number of Cape Town’s commercial users. It also owns and manages fibre infrastructure and access at numerous commercial buildings, offering clients access to a range of fast, effective and well-priced business broadband services as well as value-added services.

Byron Clatterbuck, CEO at SEACOM said: “SEACOM has grown significantly following the successful launch of SEACOM Business which focuses on bringing broadband and cloud services directly to commercial business users. The MacroLan acquisition is a continuation of this story, through which we will grow the SEACOM family of talented staff and satisfied customers in the Western Cape.”

Says Paul Johnson, CEO at MacroLan: “This transaction gives us the backing of a major pan-African telecom partner, in turn offering us access to the resources and muscle we need to grow our business. Our existing customers will continue to experience the same high levels of service to which they are accustomed, with the added benefit that our network will now integrate directly into SEACOM’s African networks and submarine cable investments.”macrolan SEACOM acquires South African internet service providerRelated: Liquid Telecom fibre spreads to 39 counties

Adds Suveer Ramdhani, Chief Development Officer at SEACOM, said: “As an established, profitable business with a history of consistent growth and a strong focus on the customer experience, MacroLan is a valuable addition to our portfolio. This acquisition strengthens our on-net fibre reach into the Western Cape, giving us a great platform for further expansion. We will leverage MacroLan’s experience with fibre infrastructure deployment to further jointly develop our national network.”

The SEACOM Business division offers best-in-class connectivity and cloud services in South African metros, with Fibre Internet Access options ranging from 25Mbps up to 1Gbps. The offering for commercial customers and property managers leverages SEACOM’s abundant and scalable capacity on its undersea cable system and continent-wide IP-MPLS network.

Some of the benefits of SEACOM’s fibre network for property managers and businesses include an open access last mile and international network, a low contention ratio on the standard service as well as dedicated offerings with no contention, symmetrical upload and download speeds that enables users to download and upload data at the same speed and no fair usage policy or out of bundle charges.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business News

Firms partner to offer financed solar solutions

Published

on

Businesses looking to purchase solar can now benefit simultaneously from the market leading competencies that both companies bring to the table.

Two energy firms have agreed to join forces to offer financed solar solutions to a select portfolio of commercial and industrial customers operating in Africa.

The move by Solar specialists Solarcentury and Energy investors CrossBoundary Energy means businesses looking to purchase solar can now benefit simultaneously from the market leading competencies that both companies bring to the table.

The firms say Solarcentury’s understanding of the technical challenges in integrating solar with an operating business and CrossBoundary’s experience of financing businesses operating in fast changing circumstances are set deliver a market ready viable solar solution to businesses in the region.

Dr Daniel Davies, Africa Director for Solarcentury commented: “Solarcentury have been at the forefront of designing and building commercial scale solar PV plants in Sub-Saharan Africa. We have built the majority of Commercial and Industrial Solar PV plants in East Africa and we have seen businesses make considerable savings from day 1 of energising the PV plant. We now bring our substantial technical expertise and in partnership with CrossBoundary Energy, are able to provide a unique financing offer for any business in Africa.”

ALSO SEE: Micro-finance partnership to enhance access to solar energy

Matt Tilleard, Managing Partner at CrossBoundary Energy explained that ‘Our objective at CrossBoundary Energy is to provide financing to the best solar developers in Africa who are serving corporate customers, so we’re excited to be working with Solarcentury to bring African businesses cheaper and cleaner power’.

He added that businesses are the major consumers of electricity in most African markets and by providing them cheaper power through a solar PPA they can actually save them money from day one while also reducing their carbon emissions.

Continue Reading

Business News

Nakumatt warehouse taken over unpaid taxes

URA’s decision is set to exacerbate Nakumatt’s troubles with other creditors who are already short on patience.

Published

on

The revenue agency later took over the retail chain’s three stores in Kampala as part of the revenue recovery effort.

The Uganda Revenue Authority (URA) has taken control of Nakumatt Supermarkets main warehouse, seeking to recover $86,000 (Sh8.6 million) in unpaid taxes. Officials descended on Nakumatt’s Kampala-based warehouse, which is also the retail chain’s headquarters in Uganda, on Wednesday taking control of distribution of goods to its five stores.

The revenue agency later took over the retail chain’s three stores in Kampala as part of the revenue recovery effort. “The URA has sent several tax demands to Nakumatt in recent months with no success. Their officers have now moved in seeking to recover the outstanding amount,” a source familiar with the matter told the Business Daily.

URA said its action means it will appropriate all the income Nakumatt makes from the five outlets until the tax arrears are cleared. The unprecedented administrative action also saw the URA seize several Nakumatt trucks that had recently made deliveries to the Kampala warehouse from Kenya.

Doris Akol, the URA commissioner-general, declined to comment on the matter while Atul Shah, Nakumatt’s managing director, did not pick our calls or respond to text messages.

SEE ALSO: Nakumatt seeks courts protection as debt piles

Nakumatt, which is facing a crisis due to a mountain of debt and delays in securing an investor, has since the year closed several stores in Uganda and Kenya.  In Uganda, aggrieved suppliers and landlords have sued the retail chain seeking to recover about Sh515 million in unpaid invoices and rent arrears.

Uganda’s minster for veterans, Bright Rwamirama, in mid-June took Nakumatt to court seeking to be paid Sh58.6 million in rent arrears he, and other partners, are claiming from the retailer for use of their premises in Mbarara.

Nakumatt was expecting a six-week phased injection of Sh7.7 billion from an unnamed private equity fund beginning March.

 Knight Frank Uganda, the property manager of the Acacia Mall, Village Mall and Victoria Mall, where Nakumatt was a tenant, took over their space on June 28, saying the retailer was “not adding much value to the three shopping malls.”

The URA’s decision to take control of the retailer’s Ugandan operations, and give itself first priority on all income, is set to exacerbate Nakumatt’s troubles with other creditors who are already short on patience.

READ: Factory that turns maize cobs into gold

Nakumatt was expecting a six-week phased injection of Sh7.7 billion from an unnamed private equity fund beginning March.

Failure to secure the funding has caused widespread product stockouts and seen it delay employees’ pay, prompting demonstrations and court action from the financially-strained workers.

Continue Reading

Business News

Java to open Sh50m outlet in Machakos

New restaurant expected open in time for December holidays after Kericho and Eldoret branches, with a target of 8 new outlets by year-end.

Published

on

Group Chief Executive Officer Ken Kuguru says the expansion is in line with the corporate ambition to grow its national and regional footprint.

Java House has announced plans to set up an outlet in Machakos County, its latest branch outside Kenya’s capital, Nairobi. The outlet will be located at Crystal Rivers Mall and Residences in Athi River, bringing the total number of branches to 56.

Group Chief Executive Officer Ken Kuguru said the expansion is in line with the corporate ambition to grow its national and regional footprint.

Athi River and the wider Machakos County has a burgeoning residential and working population, Mr Kuguru said, adding that that the firm had already signed an agreement with Safaricom Staff Pension Scheme (SSPS), the developers of Crystal Rivers Mall and Residences to invest about Ksh 5o million in its new outlet that will occupy 2,800 square feet.

“We found Crystal Rivers to be a very strategic location for our new restaurant,” he said, “ideally positioned between Nairobi and Machakos, along Mombasa Road and right next to a rapidly expanding residential and commercial area.”

He said Java had sets its eyes on the emerging market which, while already positioned as a weekend outing destination, offered limited choices in Kitengela town. Java be seeking to plug the existing gap in the variety of restaurant offerings in the region.

RELATED: Kenyans drinking too much coffee? 

“Java will fit neatly into the Crystal Rivers Mall whose positioning is nearly similar as a family entertainment and fun destination,” said Mr Kuguru.

The new Java restaurant is expected open before December holidays just after Kericho and Eldoret branches, with a target of opening eight outlets by yearend.

Pension Secretary Richard Gitahi said Safaricom Staff Pension Scheme (SSPS) was keen to get the ‘Tenancy Mix’ correct at Crystal Rivers Mall, which has been positioned as a lifestyle mall, with unique wholesome offers for everyone – Dad, Mum and Kids as well as the business community.

Continue Reading

News Updates

Economy & Politics9 hours ago

Kenyan named World Bank chief for Zimbabwe

The World Bank has appointed a Kenyan as  the new World Bank Country Manager for Zimbabwe. In her new position, Ms Rosemary...

Economy & Politics11 hours ago

IEBC set to file electoral forms with Supreme Court

On its official Twitter handle, the electoral agency said they will file 109 volumes and 54,400 folios of election results...

Person of Interest12 hours ago

For Ouko widow, a case of justice denied

Various high profile government personalities were fingered as the masterminds of Ouko's death, but the truth never came out

Opinion13 hours ago

Lest we forget monstrosity that introduced Osama to the world 20 years ago

Bin Laden’s charge was no revolutionary fight for freedom as his Palestinian question or the jingoistic Persian purity was designed...

Economy & Politics1 day ago

In plastic bags ban, Kenyans lose a faithful servant

Juala is a necessary evil in many households, and Kenyans will learn how to live without an item that has...

Economy & Politics1 day ago

Car owners to pay for using highways

The plan will initially affect the Mombasa-Nairobi highway, the Nairobi Southern By-pass, Thika Highway and the Nairobi-Nakuru Highway

Media Profile1 day ago

First journalist to be governor shakes ODM

Granton Samboja, who trained at Kenya Institute of Mass Communications, is an investor with interests in various sectors, including the...

Health1 day ago

NEMA lifts ban on select paper bags

NEMA publishes exemptions and guidelines just days before the ban takes effect on August 28th.

Economy & Politics2 days ago

Standoff as Maina Kiai detained at JKIA

Mr Kiai, a board member of the Kenya Human Rights Commission, is the United Nations Special Rapporteur on the rights...

Opinion4 days ago

Inspiring a love for learning in Africa

Significant strides have been made in accessing education in sub-Saharan Africa. It’s up to the private sector to keep the...

Advertisement

Trending