Axian Telecom enters East Africa with Wananchi acquisition
- Axian Telecom acquired a 99.63% stake in Wananchi Group, marking a significant entry into East Africa's broadband market.
- The acquisition allows Axian to access markets in Kenya, Tanzania, Uganda, and Malawi, where fibre growth is accelerating.
- Growwr, founded by Nigerian entrepreneurs, aims to provide fair payment solutions for African freelancers facing systemic barriers.
The recent acquisitions in East Africa's telecom sector signify a strategic shift towards consolidation and investment in infrastructure, which could lead to improved services and competitive pricing. However, the long-term impact on local businesses and freelancers remains to be seen, particularly in terms of job stability and equitable access to opportunities.
