Digital payments network MFS Africa will accelerate its global expansion plans across the continent and in Asia, which includes enabling cross-border digital payments between Africa and China. MFS Africa detailed its roadmap after announcing it had secured an additional US$100-million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised...
26 open access edge data centres to be live by August; 100 by end-2022 Core-to-edge architecture consolidates edge computing, edge data centres and hyperscale connectivity within a single ecosystem, OADC EDGE Supports 5G rollout and extension of Internet Service Provider (ISP) and fibre operator infrastructure into new locations Underpins deployment of high quality, low-latency applications and...
Anwar Soussa is a senior corporate executive who now serves as the founding CEO of Safaricom Telecommunications Ethiopia, a subsidiary of the Nairobi-based telecommunications and financial multinational, Safaricom. Ethiopia announced the opening of the telecom sector in 2018. This materialized with the establishment of the Ethiopian Communications Authority (ECA) in the same year and subsequent...
The government of Ghana has signed a grant agreement with the African Development Fund, and a financing agreement with the government of Switzerland, for the Ghana Mini-Grid and Solar Photovoltaic Net Metering project. The project will benefit schools, health centers, and communities across the country. The agreements, for the development of 35 mini-grids and stand-alone...
A double-blow to global economies because of COVID-19 and the Ukraine-Russia conflict has increased food prices and fuelled interest in-and adoption of digital payments technology. This is according to the World Bank which predicts a 7.1% increase in the volume of remittances to Sub-Saharan Africa. In its May 2022 Migration and Development brief titled: A War...
Super apps, banking-as-a-service, behavioural banking and cyber security. These are just a few of the trends that promise to make the future of banking fast, frictionless, and personalised. The increasing prevalence of smartphones means that billions now have an entire banking system in their pockets. For the over 10.1 million people that use the digital...
Africans are getting ready to take over the world. This may not be a sentiment the developed world tends to agree with, but it is time to acknowledge the facts. Around 17% of the world’s population resides in Africa and according to an article by the World Economic Forum, the urban population of Africa is expected to...
The networking and telecommunications infrastructure required to extend reliable and affordable connectivity to rural areas of Africa is available and ready to be deployed – the immediate challenge is for everyone in the tech ecosystem (but especially policy makers) to pull together in the same direction. Internet connectivity and access to telecommunications services is widely...
In recent months, boosted by the Covid 19 period, fintechs specializing in money transfers and withdrawals have seriously shaken up the Mobile Money market. They are essential mainly through an aggressive pricing policy on urban markets. But Mobile Money, which is beginning to adapt to this new competition, has greater room for improvement. We Are Tech tells us why....
Long before Broadcom sealed a deal to buy VMware for US$61-billion on Thursday, it eyed the company secretly from a distance. VMware had been one of the assets at the top of Broadcom’s target list for some time, according to people familiar with the matter, but the suitor quietly scrutinised the business before it went further....
