The mobile telecommunications firm which is a Malawian owned company announced yesterday the appointment of Canadian telecoms engineer Michel Hebert as its new chief executive officer. He replaces Arnold Mbwana who left the company last year after working as CEO since March 2021. Starting from October 2022, TNM was being led by Engineer Lloyd Gowera...
The African Development Fund (ADF) has approved $3.9 million grant to finance the upgrade of Liberia’s payments infrastructure and systems. The project’s primary objective is to strengthen the payments ecosystem in Liberia for increased efficiency and to foster growth and innovation. It targets the automated cheque processing and automated clearing house and real-time gross settlement...
Egypt has suspended the sale of a stake in state-controlled Telecom Egypt due to “market conditions”, Reuters reported on Wednesday. Egypt’s cash-strapped government had planned to offer 10 percent stake in the state-controlled Telecom giant that employs about 53,000 people. Egypt is facing a foreign currency crunch that has led to a shortage of basic goods and record inflation....
In 2021, UNICEF signed a partnership agreement with Airtel Africa as part of a project to improve digital learning in Africa and around the world. The telecom company has agreed to invest $57 million in 13 African countries. Telecom operator Airtel Uganda has launched a five-year partnership with the United Nations Children’s Fund (UNICEF) to accelerate...
After six months of intense deliberations with the telecommunications industry stakeholders, the federal government has finally exempted the telecom sector from the five percent excise duty approved in 2020 to be paid by all sectors of the economy. Federal government said it was convinced that including the sector in the Excise Duty will bog down...
In a latest notification, MTN Nigeria proposed a merger between Momo Payment Service Bank and Yello Digital Financial Services MTN Nigeria to vote on a proposal towards a merger of Momo Payment Service Bank and Yello Digital Financial Services, both being its finance subsidiaries. A proposal has been made to merge and integrate two subsidiaries...
Africa’s second-most populous nation ended its telecomms monopoly in 2022. Businesses are already seeing the benefits. The telecommunications industry in Ethiopia, Africa’s second-most populous country, was a monopoly of the state-owned Ethio Telecom until late last year. For the country’s nearly 30 million internet users — just 25% of the total population — this monopoly meant poor connectivity at...
Senegal’s President Macky Sall has asked the Ministry of Telecommunications and Digital Economy to implement an urgent plan to achieve nationwide mobile network coverage ‘as soon as possible’, local news agency APS reports. Chairing a weekly cabinet meeting on 15 March, President Sall ordered efforts to ‘improve national telephone coverage and accelerate the digital development of the...
Orange ended its exploration of Nigeria as a potential addition to its African footprint, as Middle East and Africa CEO Jerome Henique (pictured), bemoaned a lack of market conditions for the operator to enter. The Nigerian Communications Commission (NCC) revealed in July last year, Orange sent a team to explore a possible entry into Nigeria, which according...
Digital technology is a major factor in the implementation of the Emerging Senegal Plan (PSE). The government is therefore investing in strengthening the national telecom infrastructure to accelerate digital transformation. Macky Sall, President of Senegal, is concerned about improving the quality and coverage of telecom services in the country. On the occasion of the Council of Ministers...
