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Ethiopia’s plan to privatize and split up its mobile phone monopoly won’t be as easy as it looks
With over 100 million people, Ethiopia has had one of the world’s fastest-growing economies for years now. Yet the landlocked nation has remained poor, with a per capita income below $800, according to the World Bank. Its journey to become a lower-middle-income nation by 2025 has also been hampered, and currently ranks 167 out of 190 in the ease of doing business.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Viewpoint: Why Airtel, Telkom marriage rests on thin foundation
In a joint statement announcing the agreement last week, the companies said the merger excluded Telkom Kenya’s vast land holding, as well as some of its business agreements that include lucrative contracts to provide the government with network infrastructure and connectivity services.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Telkom Kenya, Airtel seek merger to challenge Safaricom
Bharti Airtel’s Kenyan unit has agreed to combine operations with Telkom Kenya, creating the second-largest telecommunications operator in the East African nation after Safaricom.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Globacom set for Nigeria mobile money launch
The service can be used on smartphones or basic handsets and, the company said, will require fewer details to register than traditional bank accounts.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Press release: Xpress Money Looking to Double Its Mobile Wallet Operations in Africa in the First Half of 2019
Mobile money paved way for financial inclusion in Africa, it plays a vital role in empowering people financially by providing them access to their money - a right that millions of people were deprived of in the region because of poor financial infrastructure. The convenience and safety of the service has led to an increasing demand for mobile money services. Global Money transfer organization Xpress Money, part of the Finablr network of brands witnessed a record 37% growth in Mobile Wallet Credits to Africa last year and foresees a similar trend this year too.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Nigeria Loses N197 Billion to Financial Services Fraud Annually – Osinbajo
Osinbajo, who was represented at the event by Barr. Bolaji Owoseye said the positive developments in the nation's telecom sector attract new dangers because fraudsters have also infiltrated the system to compromise telecom platforms, thus putting all these positive outlooks from mobile money and financial services at risk.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Ugandans continue to boycott OTT tax, transact less mobile money
Regarding mobile money transactions, while the amount of money deposited in digital wallets has grown, people have reduced on the number of transactions they make.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Kenya’s Safaricom’s overdraft service exceeds expectations
Started 11 years ago as a service to allow Kenyans without access to the banking network to transfer money via mobile phones, M-Pesa now offers loans and savings in conjunction with local banks, as well as merchant payments services.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa