The Malawi Communications Regulatory Authority (MACRA) plans to roll out a mobile network, leveraging the Universal Services Fund (USF), to ensure at least 2G connectivity in under-serviced rural areas. According to MACRA head of universal services Emily Khamula Lungu 16% of Malawians live in areas that are under-served by mobile phone coverage of any kind....
Malawi Communications Regulatory Authority (MACRA) is set to roll out a special system, the Universal Service Fund, to provide means to the majority of Malawians in the rural areas who do not have adequate access to information and communication technology (ICT) services. Being briefed on the technical part of MACRA services The Committee was led...
Airtel Malawi Plc, which listed on the Malawi Stock Exchange (MSE) this week, became the first digital IPO as it transacted, among other platforms through mobile money. The IPO’s lead advisor Standard Bank of Malawi applauded the Reserve Bank of Malawi for accommodating several transaction platforms during the offer. Enock Kondowe, Standard Bank’s head of...
Africa-focused telecom and payments group Airtel Africa said an initial public offering of its Malawi unit has been priced at around $37.5m based on current exchange rates. A fifth of the unit’s outstanding shares would be sold in the initial public offering on the Malawi Stock Exchange. The price has been set at MK 12.69...
Airtel Malawi has confirmed its mobile money service is not included in the Initial Public Offer (IPO) which closed on 31 January 2020 because it is a different entity. The public offer for Malawi’s largest mobile phone services provider opened on 27 December 2019. Managing Director Charles Kamoto explained that the company has two affiliates...
Malawi has announced a US$72.4m international connectivity contract to improve access to ICT infrastructure for the public and private sectors. The contract was signed recently in Blantyre and forms part of the Digital Malawi Project, a government initiative being implemented by the Public Private Partnership Commission (PPPC) and funded by the World Bank. According to...
Telecom services remain disrupted on the telecom networks of operators Airtel, Telekom Networks Malawi and even among service providers like Malawi Digital Broadcasting Network (MDBNL) or Zodiak Broadcasting Station in Lilongwe, the capital . The cause of this disruption was the fire that ravaged the telecom communications center of Malawi Telecommunications Limited (MTL), the incumbent...
Malawi Telecommunications Limited (MTL) has vowed to restore mobile phone communications after a fire gutted the company’s offices in Lilongwe. The company’s tower facilitates communication for several telecommunication services providers including Malawi Digital Broadcasting Network (MDBNL), Telekom Networks Malawi, Airtel Malawi and Zodiak Broadcasting Station. MTL chief commercial officer Gladson Kuyeri said, “As landlord, we...
Airtel Africa has announced its intention to undertake an initial public offering (IPO) of its Malawian unit. Airtel Malawi intends to apply for admission of its ordinary shares to trade on the Malawi Stock Exchange and will offer its shares for sale subject to relevant regulatory approvals and market conditions. The group notes that the...
Malawi’s under pressure Minister of Finance, Economic Planning and Development Joseph Mwanamvekha has confirmed the government’s withdrawal of the 1%withholding tax imposed on mobile money transactions. “Although this measure is in line with policy developments in (other) neighbouring countries, government has however, proceeded to withdraw this proposed tax,” said Mawanamvekha. Telekom Networks Malawi (TNM), the...
