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Rwanda has reviewed its SIM card registration process in a bid to curtail rampant mobile fraud. The Rwanda Utility Regulatory Authority (RURA) said anyone who wants a new SIM card or wants to complete a SIM swap will now have to go to their respective service providers’ service centres, agent shops or kiosks. All telecommunications...

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MTN Group has confirmed the renewal of its operating licence in Rwanda with effect from 1 July 2021. MTN Rwanda has paid 70% of the RWF91 billion (USD75.7 million) renewal fee, equivalent to around RWF64 billion, with the remaining 30% due by July 2022. The new concession is valid for ten years. The parent group said that the...

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MTN Rwanda has announced it is the first mobile network operator to list its shares on the Rwanda Stock Exchange (RSE). In early April the company announced approval by the Capital Market Authority (CMA) and the Rwanda Stock Exchange (RSE) of its listing by introduction on the RSE and the approval of Crystal Telecom’s (CTL) shareholders...

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The Information and Communication Technology grew by 29 per cent in 2020, the latest figures from the National Institute of Statistics of Rwanda (NISR) on Thursday, March 18th, show. The statistics show that the ICT sector was one of the few sectors that registered a positive trend in the past year, owing to the Covid-19...

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The previous obstacles to payments between different mobile money service subscribers will soon be a memory. Financial inclusion is expected to increase in Rwanda by the end of 2021. In virtual plenary session, the Chamber of Deputies of the National Assembly of Rwanda adopted on Monday 1 st March, the resolution of interoperability with financial services, including mobile. It...

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The value of mobile payment volumes increased by 206 per cent in 2020 to Rwf 7.177 billion from Rwf2.349 billion in the previous year, statistics from the central bank show. Mobile payment transactions increased by 85 percent from 378.8 million transactions in 2019 to 701 million transactions. In 2020, Mobile points of sale (POS) increased...

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Fintech products have proved essential during the global Covid-19 crisis for the majority of the African population still unbanked. The sector which shows continued growth is attracting more interest. Mobile operator MTN Rwanda has big ambitions for the mobile and online financial services market. For this purpose, the telecoms company wants to create a subsidiary specifically dedicated...