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About Praxis. Praxis Partners LLC (“Praxis”) is a leading middle market investment company focused on innovatively exploring business opportunities emerging in the renaissance of Africa for capital appreciation and wealth creation

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about praxis
About Praxis
  • Praxis Partners LLC (“Praxis”) is a leading middle market investment company focused on innovatively exploring business opportunities emerging in the renaissance of Africa for capital appreciation and wealth creation
  • Praxis is an international company whose principals have a deep knowledge of Africa and have led diverse transactions for clients across three continents, namely Africa, Europe and North America
  • Trusted and relied on by scores of leading companies in Africa, Praxis brings high ethics, integrity and senior level attention to each transaction
  • We have developed a rich & formidable network of blue chip private and institutional investors as well as political leaders and are able to facilitate and participate in transactions ranging from USD$20m to USD$500m

Praxis is an innovative, new age investment company that connects African businesses to resources on the continent and beyond, helping all the transaction stakeholders to achieve their respective business objectives seamlessly

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keying nigeria into globa l broadband trends

eWorld Broadband Forum 2010

Keying Nigeria into Global Broadband Trends

Fola Odufuwa

Senior Partner, Praxis Partners LLC

October 28, 2009

the global broadband divide
The Global Broadband Divide

Less than 3 percent of

Africans use the Internet

Fixed broadband subscribers per 100 inhabitants

Source: ITU

global submarine cables
Global Submarine Cables

Africa’s broadband positioning is very remote

Causal relationship between global

broadband distribution & submarine cables

Source: Telegeography

connectivity in africa
Connectivity in Africa
  • By the end of 2008, Africa had
    • 32million internet users
    • 246 million cellular subscriptions
    • Annual growth in Internet & mobile communications two times faster than global average
    • Lower fixed line growth
  • Nigeria leads Africa in many areas of ICT

African communications (1998 – 2008)

Distribution of Mobile Subscriptions (2008)

Source: ITU

satellite broadband in africa
Satellite Broadband in Africa
  • Africa has historically relied on satellite systems for internet connectivity
    • 27% CAGR1 up to 2006 of the satellite broadband industry
    • Growth driven by large population centers in West & East Africa
    • Strong, proven demand for digital content and internet broadband
    • a number of satellite operators (e.g. 03B Networks) plan to launch new satellites in 2010 to meet the increasing demand
  • Key challenges facing the satellite industry in Africa include:
    • lack of space segment availability, which is hampering the expansion plans of some operators
    • Lack of “open skies” connectivity which allows a satellite network to operate across national borders

1: COMSYS VSAT report 2007

mobile broadband in africa
Mobile Broadband in Africa
  • 38.7% mobile broadband penetration in developed countries compared to 3% penetration in developing countries
    • Europe: 220 million suscriptions
    • Africa: 13 million subscriptions
  • Nevertheless, Africa mobile broadband is growing rapidly and there seems to be more mobile than fixed broadband users

Source: ITU

Source: Dataxis

barriers to african broadband
Barriers to African Broadband
  • Though Africa is the world’s fastest growing market for telecommunications, the continent remains a broadband laggard
    • Marginalized in the global economy (1.2% global trade, 1% internet traffic)
    • Inadequate information infrastructure - only continent not fully connected (internally or externally) to fiber optics
    • Highest internet communication costs in the world
  • Africa’s mobile revolution in the past decade has had negligible impact on internet access, speed, services and productivity
  • With fixed line penetration per 100 inhabitants ranging from 0.24 in the Central African to 10.77 in South Africa, the continent’s limited fixed infrastructure is a severe barrier to broadband.
  • There are also political, economic, and legal barriers that limit the growth of broadband in Africa
african broadband initiatives
African Broadband Initiatives
  • Satellite remains the main source of Internet in Africa
  • On-going submarine cable initiatives include:
    • East Africa Marine System (TEAMS) connected Kenya with UAE
    • SEACOM connecting East Africa to Europe & Asia
    • Africa Coast to Europe (ACE) connecting Europe to South Africa via West Africa
    • MainONE connecting West Africa to Portugal
  • These subsea cables should increase Africa’s bandwidth 100-fold & replace satellite as the main source of internet access
future trends
Future Trends
  • Operators will be primary providers of broadband connections and the standalone ISP model will fade into oblivion
  • Massive investments need to be made into infrastructure, particularly transport technologies including fibre optics, national satellites and microwave
  • Consolidation of regulatory initiatives to cover all aspects of digital communications
  • Privatize, liberalize and regulate incumbents e.g. NITEL
contact information
Contact Information

International Head Office:

Agnita Solomon

Praxis Partners (BVI) LLC

Mill Mall Tower, 2nd Floor

Wickhams Cay 1

P. O. Box 4406

Road Town, Tortola

British Virgin Islands VG 1110

Tel: +1-284-494-3034

Fax: +1-284-494-4457

agnita.solomon@praxispartners.biz

East & Central Africa:

Josephine Mbuthika

Praxis Partners ECA

13th Floor, Landmark Plaza

P.O. Box 856

Nairobi 00606

Kenya

Tel: +254-20-367-2657

Fax: +254-20-367-3232

josephine.mbuthika@praxispartners.biz

West Africa:

Seyi Owonubi

Praxis Partners Ltd

5/7 Ademola Street

South-West Ikoyi, Lagos

Nigeria

Tel: +234-1-271-0566

Fax: +234-1-898-0882

seyi.owonubi@praxispartners.biz