Monthly Archives: June 2014

Canada’s Digital Strategy for Telecom Consumers, TV Subscribers, Content Creators

LOGO

Daily News Apr 7, 2014

Money and funding for the development of Canadian telecom and Internet infrastructure has been announced by the Federal government.

It’s new Digital Canada 150 program includes some $200 million to help small and medium-sized businesses adopt digital technologies, as well as $300 million in venture capital for digital companies.

“Digital Canada 150 recognizes that technology and innovation are drivers of economic growth,” said Iain Klugman, CEO at Communitech, a digital business incubator and commercialization centre in Waterloo, ON, the city that hosted the 150 announcement proceedings. By providing access to venture capital and support for the adoption of technology, this strategy will help small and medium-sized companies grow more quickly, leading to new jobs and increased productivity across the country.”

As described by Industry Minister James Moore, there are five key principles guiding the government’s new digital strategy: to improve connectivity among Canadians; to protect Canadian while connected, to enhance economic opportunities, partly through a digitization of government functions.

The program also includes references to boosting and supporting Canadian content creation and distribution. (more…)

Telecoms boom helps Nigeria become Africa’s biggest economy


ITWeb Africa

Published on 07 April 2014
By Simnikiwe Mzekandaba

Telecoms boom helps Nigeria become Africa’s biggest economy.

Nigeria’s booming telecoms sector has helped cement the West African nation’s status as Africa’s largest economy.

On Sunday it was announced that Nigeria had overtaken South Africa to become the largest economy on the continent and 26th largest economy in the world with a gross domestic product (GDP) of almost $509 billion for 2013.

Nigeria’s current financial status follows a rebasing exercise of its GDP to include sectors such as telecoms and financial services.

It was reported by Nigeria’s National Bureau of Statistics (NBS) that the country’s GDP was recalculated based on production patterns in 2010, and increasing the number of industries it measures to 46 from 33. The last time Nigeria rebased its GDP was in 1990.

And according to statistics from the NBS, Nigeria’s telecoms sector moved from 0.8% of GDP to 8.6%.

Africa Analysis managing director, Dobek Pater, has told ITWeb Africa that the Nigerian government has long been talking about including the telecoms sector as an official part of the economy.

Nigeria’s telecoms sector is valued at $19 billion and that makes it a significant contributor to that economy, Pater said. (more…)