Pioneer solar-based internet service provider in West Africa, Tizeti Network Limited; is set to pay its shareholders its first dividend ending December 31st, 2021. The company says it has been profitable in three out of the last four years and all through the COVID-19 pandemic.
The company’s profitability was boost by an increase in data consumption by its customers as it delivered over 38,648 TB; during the 2021 financial year and grew its earnings before income depreciation tax and amortization by 2.5x through the pandemic.
With this milestone, which is coming within its 10th anniversary; Tizeti has become one of the first Nigerian technology startups to pay returns to its shareholders. Tizeti was recently recognize by the Federal Inland Revenue Service as one of the top 10 taxpayers in its industry. And is also one of the top Internet Service providers by active users in Nigeria.