Transcorp finds fraud

A fraud running into billions of naira has been uncovered at the Nigerian Telecommunications Commission (Nitel), according to Transnational Corporation (Transcorp), owner of a 51% stake in the firm, says allAfrica.com.

A group of accountants, who performed a routine check on Nitel's books, discovered the fraud.

The team reportedly stumbled on loopholes through which billions of naira were siphoned out of the telecoms company.

Egypt is seeking a partnership with India to emerge as an IT hub for the three market zones in its neighbourhood, says The Hindu.

The Tata Consultancy Services is holding negotiations with the Egyptian authorities to develop a software development and training centre.

Satyam Computers inaugurated a Global Solutions Centre at Smart Village near Cairo in March to cater to the Middle East and North Africa market and Europe.

Tanzania plans a comprehensive survey of its ICT infrastructure, says allAfrica.com.

According to the Tanzania Communications Regulatory Authority, the study will help establish the extent of the market, the optimum number of operators in the sector and the rationale for further opening of the market in future.

Already the authority has invited consultancy firms to bid for the study, which will also consider the increase of competition in some segments and the lack of competition in other segments of the local market, and the recognition of the increased ICT role in the country's social, economic and culture development.