Tizeti Appoints Ojomo As Vice President

Tizeti, the Y Combinator-backed solar-powered internet service provider in West Africa, has appointed Mrs. Oluwadamilola Ojomo as Vice President of Financial Risk, Compliance, and Audit.

This move comes ahead of Tizeti’s planned listing on the Nigerian Exchange (NGX), as the company aims to become the first Nigerian startup to explore a local stock exchange listing.

She brings over 15 years of experience across various sectors, including banking (Oceanic Bank Plc.), consulting (PwC), regulatory oversight (Securities and Exchange Commission), and commodities exchange (AFEX Plc.).A member of the Association of Chartered Certified Accountants (ACCA), she has a proven track record in mitigating financial risks, ensuring compliance, and establishing strong governance frameworks. In her new role at Tizeti, she will oversee financial risk management, compliance, and audit functions as the company prepares for its next growth phase.

Mr. Kendall Ananyi, Tizeti’s CEO, expressed excitement about Mrs. Ojomo’s appointment, highlighting the value of her extensive expertise as the company scales its operations in West Africa. He also discussed Tizeti’s strategic move to list on the NGX, emphasising the opportunity to raise capital in Nigerian Naira (NGN) and foster local ownership.

Tizeti’s IPO plan comes after the company launched next-generation fiber broadband services in Nigeria and Ghana. In November 2023, the company secured debt financing from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund (NIDF) to expand its network across 15 states in Nigeria. The company, which serves over 3 million subscribers, plans to use proceeds from the IPO to further extend its broadband infrastructure, ensuring greater access to affordable internet services.