Tizeti declares dividend of 0.30 kobo per share

Tizeti Network Limited, the leading solar-powered fixed Internet service provider in West Africa, has defied challenging economic conditions in the region by sustaining profitability and announcing its third consecutive yearly dividend for shareholders. The dividend, set at a rate of 0.03 kobo per share for the fiscal year ending December 31st, 2023, highlights the company’s resilience and commitment to delivering value to its investors.

The success of Tizeti can be attributed to its innovative business model, which focuses on capital-efficient tower costs, next-generation fiber to the home technology, and vertically integrated operations. The company’s strategic partnerships with industry leaders like Microsoft, MainOne, and Cambium have also played a crucial role in its growth and expansion across West Africa.

With nearly 200 operational towers in the region, Tizeti delivers over 180TB of Internet data daily, bridging digital divides and stimulating socio-economic development. The company’s founder and CEO, Kendall Ananyi, expressed his excitement about the third dividend payout, emphasizing the company’s commitment to narrowing the digital gap and driving lasting change across West Africa.

Despite industry challenges, Tizeti has maintained profitability in five out of the last six years, showcasing the strength of its business fundamentals. Shareholders can look forward to even stronger financial results in the years ahead, as the company continues to expand its coverage footprint and provide accessible broadband services to communities in need.