Econet Wireless is imposing restrictions that limit the size and range of transactions on its mobile money platform to comply with an order from the Reserve Bank of Zimbabwe. The central bank is seeking to curb foreign exchange trading in the black market that it blames for weakening the local currency. The government has accused Econet’s...
Mobile revenue in Africa will rise from $54.31 billion (R804 billion) in 2019, to $67.12 billion (R994 billion) in 2024. This is according to the Africa Digital Outlook 2019 report from market research firm Ovum. The research, which looks at the state of Africa’s telecommunications market, found data revenue on the continent will more than double in the next...
