The African Development Fund (ADF) has approved $3.9 million grant to finance the upgrade of Liberia’s payments infrastructure and systems. The project’s primary objective is to strengthen the payments ecosystem in Liberia for increased efficiency and to foster growth and innovation. It targets the automated cheque processing and automated clearing house and real-time gross settlement...
Dar es Salaam, Tanzania, 22 March 2023: Tigo Tanzania, Selcom and Mastercard Inc. have announced a strategic partnership that will see the three industry leaders revolutionize the digital payment ecosystem by enabling convenient online payments globally through the Tigo Mastercard virtual service via the Selcom’s card-as-a-service (CaaS) platform. This partnership will empower Tigo Pesa customers to transact on global...
Egypt has suspended the sale of a stake in state-controlled Telecom Egypt due to “market conditions”, Reuters reported on Wednesday. Egypt’s cash-strapped government had planned to offer 10 percent stake in the state-controlled Telecom giant that employs about 53,000 people. Egypt is facing a foreign currency crunch that has led to a shortage of basic goods and record inflation....
In 2021, UNICEF signed a partnership agreement with Airtel Africa as part of a project to improve digital learning in Africa and around the world. The telecom company has agreed to invest $57 million in 13 African countries. Telecom operator Airtel Uganda has launched a five-year partnership with the United Nations Children’s Fund (UNICEF) to accelerate...
After six months of intense deliberations with the telecommunications industry stakeholders, the federal government has finally exempted the telecom sector from the five percent excise duty approved in 2020 to be paid by all sectors of the economy. Federal government said it was convinced that including the sector in the Excise Duty will bog down...
In a latest notification, MTN Nigeria proposed a merger between Momo Payment Service Bank and Yello Digital Financial Services MTN Nigeria to vote on a proposal towards a merger of Momo Payment Service Bank and Yello Digital Financial Services, both being its finance subsidiaries. A proposal has been made to merge and integrate two subsidiaries...
African Unicorns , the first event that identifies future African unicorns, will hold its first edition, in Casablanca, at the Sofitel, on April 27. In 2016, Africa registered its first unicorn. Today, the continent has nearly a dozen. The African continent has seen the creation of a real ecosystem of start-ups, the number of which, in recent years,...
African telecom operators need more capacity to meet the growing demand for broadband connectivity on the continent. This provides a market opportunity for local and foreign wholesale suppliers. Omani telecom operator and wholesale service provider Omantel has announced that it has signed a partnership agreement with data center operator Wingu Group to establish a Point of...
The energy crisis that South Africa has been going through for several months is affecting all sectors of the economy. Telecom operators are exploring options to keep their telecom towers running. The South African telecom company MTN SA wants to bring in foreign electrical engineers for the maintenance of its telecom towers in a context of...
Since 2019, Spacecom has been multiplying its initiatives to establish itself on the market for telecom services via satellite in Africa. In June 2021, the company acquired 9.3% of the capital of Canadian NuRAN Wireless for 3.2 million USD. The Israeli satellite operator Spacecom will rely on the capacities of the Azerspace satellites of the Azerbaijani...
