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The total value of global mobile money transactions reached $1.045 billion in 2021, according to the GSMA. Authorities in African countries are introducing taxes to take more advantage of this growing sector. The Tanzanian government has reduced the tax on mobile money transactions by 43%. The measure was announced last week by Mwigulu Nchemba, Minister of Finance...

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One of the largest money transfer companies to Zimbabwe, WorldRemit has terminated direct bank transfers to customer bank accounts within the Southern African country. The company announced that their digital payment platform will no longer facilitate any new outbound transactions to-Zimbabwe with effect from 26 June 2022. However, other services like cash pickup, mobile money,...

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The demand for high-speed connectivity is accelerating in Africa as is the digital transformation. Telecom operators are increasing their investments to respond effectively to demand and take advantage of the opportunities offered by a growing Internet market. The telecommunications operator Orange Maroc will invest 5.69 billion dirhams (575.6 million USD) in the Cherifian kingdom over the...

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Orange Group has revealed that its Capex fell by 5.8 percent to €1.6 billion in the first quarter of 2022 despite investing in 5G networks and fiber broadband business.At 31 March 2022, Orange had 58.5 million households connectable to FTTH worldwide (an increase of 17.7 percent). Orange has 11.6 million (+18.3 percent) FTTH customers in Europe. Orange...

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Seacom’s contribution to JSE-listed investment group Remgro’s headline earnings fell by 77% in the year ended December 2021, driven lower by increased operational costs and foreign exchange losses. Remgro owns an effective economic stake of 30% in Seacom, which operates undersea fibre assets and terrestrial fibre infrastructure in Southern and East Africa. The company has a...