Entersekt, a global player in device identity and payment authentication, announced a new investment from PAPE Fund 3 (PAPE), a mid-market South African private equity fund.
MFS Africa, Africa’s digital payments network, announced it has secured an additional $100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to $200 million.
Africa’s digital economy continues to show massive potential accelerated by strong market fundamentals and the impact of the COVID-19 pandemic.
Wizall Money, partenaire du gouvernement dans le cadre des « transferts monétaires exceptionnels »
MFS Africa, Africa’s digital payments network, announced it has reached an agreement to buy US-based tech company Global Technology Partners (GTP).
TECNO introduces TECNO Wallet to provide digital financial support firstly to its CAMON series users
The TECNO brand of smartphones enjoys a leading market share on the African continent, and this move demonstrates its expansion to a global audience and new premium segments.
International calling app Talk360 has secured $4 million in funding as it prepares to launch a new pan-African payment platform in mid-2022.
TECNO ranked among the top 6 brands on the African continent for the sixth consecutive year, testifying to the staying power of TECNO brand’s leadership in Africa.
RSwitch Ltd in collaboration with Mobile Money Rwanda Ltd and Airtel Mobile Commerce Ltd are pleased to announce the launch of eKash to facilitate interoperability between mobile money operators.
Global smartphone brand realme, defied international supply chain disruptions to make it to the list of top 5 handset makers with record shipments to Africa.
SmartCash PSB joins 9PSB, the payments subsidiary of telecom firm Etisalat, as the second telco-run PSB to launch in Africa’s largest economy.
Vodacom sees huge growth opportunity in both mobile financial services and the enterprise market in adding Egypt to its portfolio through acquisition of a controlling stake in Vodafone Egypt.
Vodacom Financial Services has launched VodaLend Compare, a financial services marketplace aimed at offering unsecured personal loans for customers.
[Africa Tech Review] Nixon Kanali: Safaricom’s mobile money service M-Pesa revenue hit Ksh.107.69 Billion
According to Safaricom's Full Year 2021/2022 results released this week, M-Pesa revenue grew by 30.3% to hit Ksh. 107.69 Billion making it one of the biggest contributors to Safaricom's net profits.
Crown Agents Bank has collaborated with VODACASH SA in the innovating project of enabling international mobile payments in the Democratic Republic of Congo (DRC) through the M-Pesa brand.
Mediterrania Capital Partners announced the sale of its remaining stake in Cash Plus, the largest independent money transfer company in Morocco.
Le gouvernement de la République d’Algérie a annoncé la suppression de tous les impôts et taxes sur l’e-commerce, les téléphones portables, les matériels informatiques à usage personnel et les start-up.
Cellulant partners with NALA to power low-cost cross-border payments from the UK and USA into Africa
Cellulant, a Pan-African payments company, has teamed up with NALA, a Tanzania based fintech company, to power remittance payments from the United Kingdom and United States into Kenya, Uganda, Rwanda, Tanzania and Ghana.
Skaleet, an international fintech providing a next-generation Core Banking Platform (CBP), announced a partnership with Thunes, a global cross border payments provider, to offer an instant, global payment service to both B2B and B2C customers.
Emerging market fintech unicorn OPay received preliminary approval from the Central Bank of Egypt (CBE), to partner with Masria Digital Payments (MDP), Egypt's largest card provider, to issue prepaid cards in Egypt.
Trace, Mastercard Foundation launch Trace Academia to enable young Africans acquire on-demand, market-relevant skills
Trace and the Mastercard Foundation launched Trace Academia, a free-to-use, interactive, mobile-based learning application that aims to enable 26 million young Africans to acquire on-demand, market-relevant skills.
Despite 5G disinformation in the wake of the COVID-19 pandemic, South Africa’s 5G population coverage grew from 0.7% in 2020, to 7.5% in 2021.
Nigerian fintech startup ImaliPay closes $3m seed funding to bring financial services to gig workers
Nigerian fintech startup ImaliPay has closed $3 million seed funding round to bring financial services to gig workers.
Cellulant has debuted a new digital pay platform, Tingg, which will help businesses and customers to make seamless payments.
To expand coverage of online and mobile phone services across underserved areas of Kenya and reduce costs for consumers, IFC and Atlas Tower Kenya announced a partnership to support the building of independent telecommunication towers.
MediaTek, a global fabless semiconductor company powering nearly two billion connected devices every year, launched the Dimensity 700 and Dimensity 1200 chips across the African market.
The Central Bank of Egypt (CBE) has announced the official launch of the Instant Payment Network and “InstaPay” mobile application.
African fintech Flutterwave announced it has gained approval from the Bank of Tanzania (BoT) to launch its payment service in the country.
The Independent Communications Authority of South Africa (ICASA) confirms the successful conclusion of the much-anticipated high-demand radio frequency spectrum auction.
Cadana, the salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company.
This partnership will make a significant difference in promoting digital lifestyle and expanding financial inclusion across Côte d'Ivoire.
[Uganda] Refugee communities still prefer using cash despite an increase in mobile phone ownership, report
There is increased use of cash at home as refugees seek easy access to money in case of emergencies, despite the growth of phone ownership which supports mobile money transactions.
Intelsat, operator of the world’s integrated satellite and terrestrial network and provider of inflight connectivity (IFC), has been selected by Orange Mali SA to bring 3G and 4G connectivity to hard-to-reach areas in Mali.
M-KOPA, the fintech platform that provides connected financing and digital financial services to underbanked consumers across four markets in Africa, announced its $75 million growth equity round, bringing its total equity funding to $190 million.
Airtel Mobile Commerce Uganda partners with Housing Finance Bank to enable customers access quick loans
Airtel Mobile Commerce Uganda, the provider of affordable and secure Airtel money platform, has partnered with Housing Finance Bank Uganda and digital lending platform provider YABX to enable Airtel Money customers access quick loans.
HMD Global has always gone big on feature phones and now, the company is launching two new feature phones exclusive to Africa – Nokia 105 African Edition and Nokia 110 African Edition.
MTN Group unveiled its evolved visual identity, articulating the context behind the logo many have seen since 16 February 2022.
GE Healthcare partners with Kenyan healthtech startup Afya Rekod to simplify access to medical records in Africa
GE Healthcare and Kenya-based startup Afya Rekod have announced a collaboration that seeks to transform care delivery through improved access to personal health data in Kenya, Nigeria, and South Africa.
While analysing the threat landscape of African countries, Kaspersky experts saw a steady decline in attacks on mobile devices in the region, as cybercriminals consolidated their efforts to focus on more complicated, dangerous and profitable threats instead.
ACI Worldwide, the global real-time payments software, announced a partnership with South Africa’s financial services provider, Nedbank, to drive its digital transformation journey including real-time payments.
The Independent Communications Authority of South Africa (ICASA) announces the names of the bidders that qualify to participate in the auction phase of the ongoing licensing process for International Mobile Telecommunications (IMT) spectrum.
Mastercard announced the first 16 technology partners to join the Mastercard Send Partner Program, a new program for banks, financial technology providers and system integrators to help them deliver convenient and secure real-time digital payments.
The Central Bank of Kenya (CBK) has granted Cellulant a Payment Service Provider (PSP) authorisation in Kenya, enabling the company to expand its payments offering for businesses, banks, and consumers.
Chinese smartphone company TECNO Mobile has opened a new flagship store at the Sarit Center mall in Westlands, Nairobi.
Zbooni, MENA's c-Commerce (connected commerce) platform, has announced its official launch in Egypt. The rapidly scaling startup, which is backed by regional and global investors, will support the backbone of the Egyptian economy.
10bet, the global sports betting and casino brand is underway with the launch of its offering to sports-crazy fans in Africa, and with impressive scope.
The startup ecosystem in Africa is taking shape. A lot of technological innovations especially in the areas of fintech, e-mobility, e-commerce, healthtech, foodtech and cleantech have seen accelerated growth towards Africa’s digital transformation and innovation.
To scale up access to quality mobile connectivity for millions of individuals and businesses across Africa and to further support the continent's digital economy, IFC has invested in a maiden bond issuance by AXIAN Telecom.
The Central Bank of Kenya (CBK) announced the acquisition of 84.89% shareholding of Century Microfinance Bank (Century MFB) by Branch International.
As smartphones have become the norm worldwide, they have also replaced desktops as the preferred mode of accessing the internet. According to the numbers presented by StockApps.com, 54.86% of global web traffic came through mobiles.
African digital payments company DPO Group has partnered with Bank of Kigali to onboard e-Commerce merchants for the bank, in Rwanda.
Samsung has garnered the respect of its employees, as it has been named by The Top Employers Institute as one of the South African companies that create the best employment conditions for its staff.
Ceragon Networks, the global innovator and solutions provider of 5G wireless transport, announced it has signed a deal with Globacom, the second largest operator in Nigeria, to further expand its network and enable it to maintain its cutting-edge technology.
DPO Group has partnered with Mastercard to enable thousands of businesses in Ghana offer their customers greater choice and convenience by pivoting online and accepting digital payments.
Eutelsat partners with Intersat to enhance internet connectivity in The Gambia, Guinea Bissau and Senegal
Eutelsat Communications and Intersat signed a multi-year deal representing several hundred Mbps to address the connectivity needs of enterprises, institutions and individuals in Gambia, Guinea Bissau and Senegal.
With the start of the New Year, Cisco has revealed the technology trends that are expected to make a significant impact in 2022 and beyond.
Liquid Intelligent Technologies, a business of Cassava Technologies and a pan-African technology group, announced the deployment of its new and affordable gaming bundles in Zambia to encourage the gaming and e-sports industry in the country.
MTN Mobile Money Uganda, a 100% duly owned subsidiary of MTN Uganda, announced the appointment of Richard Yego as its Managing Director.
The World Economic Forum’s latest report, “Attracting Investment and Accelerating Adoption for the Fourth Industrial Revolution in Africa” analyses the challenges Africa faces in joining the global knowledge-based digital economy.
Daniel Junowicz, RVP EMEA & Strategic Projects, at leading mobile marketing analytics platform AppsFlyer, explores three key trends for mobile apps in Africa this year.
This festive season Liquid Intelligent Technologies Rwanda, a business of Cassava Technologies, is bringing cheer to its customers by increasing internet capacity on existing home packages while keeping it at the same price.
Chinese smartphone maker TECNO is working with BBC Storyworks, BBC Studios’ in-house commercial content studio to create a short film on mobile camera innovation.
Streaming services in South Africa, Nigeria, Kenya, Egypt and other parts of Africa, ranked highest at 273 per cent ahead of other regions of the world.
Nigeria has moved a step closer to rolling out its landmark Nigeria Startup Bill (NSB) that will further deepen the country’s technology ecosystem and enable a sector on the cusp of exponential growth.
Released globally in April 2018, HUAWEI AppGallery is now available in more than 190 countries, including, South Africa. In such a short space of time, it has already become one of the top used App platforms in the world.
To drive smartphone accessibility, Vodacom has launched the Vodacom Easy2Own proposition, for customers to purchase a smartphone and after a once-off deposit, pay it off in affordable monthly payments.
MTN Uganda Limited announces that it will proceed with the listing of its 22.4 billion ordinary shares on the Uganda Securities Exchange (USE), with trading commencing immediately.
MTN Group launched the construction of a state-of-the-art headquarters for MTN Côte d’Ivoire, as well as the start of a local trial of 5G services in Abidjan.
[Column] Gilbert Lungu: How seamless payment experiences make retail brands more valuable and relevant
As established brands in the retail sector aggressively compete to acquire, cultivate, and defend their share of the Zambian consumer’s spend, those that connect, engage, and transact in the most unified and frictionless ways will be best positioned.
The mobile gaming industry in Kenya is expected to more than double their income and grow exponentially as a higher number of advertisers shift to spending on advertising in games.
African retailer Pick n Pay selects Clickatell to manage its WhatsApp customer communication channel
Clickatell, a player in mobile communications and chat commerce, has been selected by African retailer Pick n Pay, to manage its WhatsApp customer communication channel.
The Ministry of ICT and Innovation (MINICT) in partnership with MTN Rwandacell PLC (MTN Rwanda) continues distribution of smartphones under the #ConnectRwanda initiative.
MTN Group announces the Group’s exit from its operation in Yemen in a transaction that furthers the delivery of their Ambition 2025 strategy and is in line with their intention.
[Africa Tech Review] Duncan Mochama: MTN Rwanda selects Ericsson to deploy a Network Operations Center
There was some interesting news on African telcos that we covered this week . MTN Rwanda selected its longtime partner Ericsson, to deploy a Network Operations Center (NOC).
Airtel Money renforce l'efficacité des entreprises grâce au Portail des Développeurs d'Airtel Africa
Airtel Money permet aux entreprises de se lancer plus efficacement dans les activités d'argent mobile grâce à la mise à jour de son portail pour développeurs Airtel Africa.
Airtel Money is driving better efficiency for businesses to engage in seamless mobile money activity with its upgraded Airtel Africa Developer Portal.
The latest figures from SEACOM, a leading pan-African ICT service provider released this week revealed that these attacks increased by 300% in 2021, compared to the same period in 2019.
African telecommunications group Econet, announced the launch of Cassava Technologies, bringing together Econet’s digital services and digital infrastructure product segments.
Vodacom Group announces that it has agreed terms to acquire a strategic stake in Community Investment Ventures Holdings’ (CIVH) fibre assets that will transform its South African fibre business and accelerate the purpose-led Group’s ambition of connecting people for a better future.
Meta announced the launch of Facebook Business Coach, an innovative and easily-accessible way for owners of small-and medium-sized businesses (SMBs) in South Africa, Nigeria, and Kenya and other English speaking countries.
[Africa Tech Review] Duncan Mochama: Telkom Kenya, Ericsson and NEC XON sign MoU to add additional 2000 4G sites to Telkom’s network
Telkom Kenya together with its partners, Ericsson, and NEC XON, this week signed a Memorandum of Understanding to add an additional 2,000 4G sites onto Telkom’s network, by 2023.
Kenya’s Capital Markets Authority (CMAK) has provided its ‘no objection’ for The MTN Uganda Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and Retail Investors.
[Africa Tech Review] Duncan Mochama: Liquid Intelligent Technologies partnered with Orange to expand network reach across Africa
This week, Liquid Intelligent Technologies partnered with Orange to expand network reach across Africa. Recently, the company also announced the launch of its shortest terrestrial fibre route between the East to the West coasts of Africa, connecting Mombasa, Kenya to Muanda, DRC.
Liquid Intelligent Technologies and Orange announced a new partnership to leverage each other's existing networks in Africa, allowing them even greater access and opportunity to build their businesses throughout the continent.
[Africa Tech Review] Duncan Mochama: Fintech startup Wapi Pay founders Eddie and Paul Ndichu step down from their roles
This has been a very interesting week in tech in Africa. We covered a number of great announcements from a number of tech companies in the region, especially startups.
The African Development Bank (AfDB), signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into factors hampering access to finance for women in northern Nigeria.
Vodafone has partnered with Thales to connect customers with an Eco-SIM card, a product whose card body is made out of 100% recycled plastic from refrigerator interiors.
Think about how you do business today compared to just a few years ago. Customer service was measured by metrics like how many rings there were before your service department answered. In addition, were your retail staff smiling and pleasant, and did your team respond to a customer email timeously.
Global software giant Oracle this week announced that it has chosen Johannesburg as the site of its first African data centre.
Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa.
Globacom selects Eutelsat’s Konnect Africa to bring satellite broadband to underserved regions of Nigeria
Eutelsat Communications and Globacom signed a multi-year, multi-Gbps wholesale capacity contract, enabling Globacom to extend its coverage beyond the reach of its terrestrial infrastructure, leveraging the EUTELSAT KONNECT satellite.
OPPO Kenya has launched a mobile photography competition with an aim to support the continued revival of local tourism by encouraging more Kenyans to visit the national parks and game reserves.
NetDragon signed a Memorandum of Understanding (MoU) with the Ministry of Education of the Republic of Ghana, to secure a long-term relationship for investment in a broad range of solutions and services.
[Africa Tech Review] Duncan Mochama: A huge number of the world’s population is now using mobile internet
GSMA has released the 2021 report on the same showing that, despite the COVID-19 pandemic, more than half of the world’s population is now using the mobile internet.
The GSMA has launched its global State of Mobile Internet Connectivity Report 2021 showing that, despite the COVID-19 pandemic, more than half of the world’s population is now using the mobile internet.
MTN Group has been named the most valuable African brand in the Brand Finance Africa 150 rankings
Mobile games development startup Usiku Games has developed a new game to help school-going children learn sign language and help them to communicate and connect with friends with hearing impairment.
TECNO Mobile recently established official security response center (SRC), a platform for cooperation and exchanges between TECNO and security industry experts, researchers and organizations.
Orange selects Ericsson to ramp-up its mobile money service and accelerate financial inclusion in Africa
Orange Middle East and Africa has selected Ericsson as a strategic partner for its pan-African Orange Money service, tapping Ericsson’s Wallet Platform to accelerate financial inclusion for its customers across fourteen African countries.
MTN South Africa network will be the first mobile operator in Africa to provide access to 5G technology to customers from the Philippines through its international roaming agreement with Smart Communications, Inc.