NIGERIA: MTN Unveils First 5G Network In West Africa

Photo Credit: MoneyWeb

MTN Nigeria, while unveiling the 5G network announced that Nigeria is the first west African country where 5G technology has been introduced. This development is as a result of the collaboration between the Ministry of Communications Technology and Digital Economy, the Nigerian Communications Commission, MTN and Huawei, ZTE, and Ericsson in Nigeria. At the tour… Continue reading NIGERIA: MTN Unveils First 5G Network In West Africa

RWANDA: MTN Launches Digital Inclusion Drive

Leading African telecommunications company MTN Rwanda has announced the launch of its “We’re Good Together” initiative, derived from the MTN Global Campaign that was launched early in October. The Chief Executive Officer of MTN Rwanda, Ms Mitwa Ng’ambi said that the firm seeks to tell the story that doing good business extends far beyond corporate… Continue reading RWANDA: MTN Launches Digital Inclusion Drive

SOUTH AFRICA: African Owned Smartphone Factory Launches In South Africa

Mr Ashish J Thakkar, CEO Mara Group. Photo credit: Medium

President Cyril Ramaphosa launched South Africa’s first smartphone factory at the Dube TradePort in Durban. The Rwanda-based Mara Group took the President on a tour of the factory, which is estimated to have an annual production capacity of over 1.2 million handsets of the Mara X and Mara Z cellphones. A total of 200 people… Continue reading SOUTH AFRICA: African Owned Smartphone Factory Launches In South Africa

NIGERIA: Airtel Partners Ecobank To Expand Bank Services To Customers

Airtel Africa has announced a partnership deal with Ecobank Group to expand its mobile money financial services to more customers in Africa. In a regulatory announcement filed with the Nigerian Stock Exchange, Airtel Africa said the partnership deal will enable millions of Airtel Money and Ecobank customers across Africa to improve their mobile financial services… Continue reading NIGERIA: Airtel Partners Ecobank To Expand Bank Services To Customers

NIGERIA: CBN Opposes MTN’s USSD Charges

Photo Credit: MoneyWeb

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has opposed MTN Nigeria’s plan to implement charges from 21 Oct 2019 on subscribers’ Unstructured Supplementary Service Data (USSD) access. The Governor made the statement on the sidelines of the annual meeting of the World Bank, International Monetary Fund (IMF) being held at… Continue reading NIGERIA: CBN Opposes MTN’s USSD Charges

NIGERIA: MTN To Convert Airtime Vendors To Financial Services Agents

Photo Credit: MoneyWeb

MTN Nigeria Communications Plc has disclosed its plans to engage the services of some of its airtime vendors to offer the financial services to consumers, while others would be recruited as agents. Mrs Uto Ukpanah, in a signed statement, said the licence was obtained by its subsidiary, Yello Digital Financial Services limited (YDFS), to deepen… Continue reading NIGERIA: MTN To Convert Airtime Vendors To Financial Services Agents

NIGERIA: Airtel Africa Records Increased Revenue

Photo Credit: The Nerve Africa

The telecommunication company; Airtel Africa announced it’s revenue increase from $744.5 million to $795.9 million recorded in the corresponding period of 2018. The company noted that it is preparing for the launch of it’s Mobile Money business in Nigeria while anticipating approval for its payment service bank license. Details of the revenue increase which was… Continue reading NIGERIA: Airtel Africa Records Increased Revenue

NIGERIA: NCC Reports Increase in Internet Users

Photo Credit: Leadership Newspaper

The Nigerian Communications Commission (NCC), on Wednesday, 25th of July, 2019 said internet users on Nigeria telecommunications networks have increased to 123,486,615 as of May 2019. The data published on the website showed that internet users rose from 119,877,297 in April to 123,486,615 in May 2019, indicating an increase of 3,609,318 users. The data further… Continue reading NIGERIA: NCC Reports Increase in Internet Users

Airtel Anticipates High Valuation On LSE And NSE

Following the announcement and follow up on its listing on the London Stock Exchange (LSE), Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel telecommunications company, has set a price bar of 80-100 pence for its impending Initial public offering (IPO). According to Airtel, this price bar places the value between 3.01 billion pounds and… Continue reading Airtel Anticipates High Valuation On LSE And NSE

NIGERIA: Airtel Africa To List On NSE and LSE

Photo Credit: The Nerve Africa

Telecomm giant Airtel Africa Ltd, a subsidiary of Indian telecoms group Bharti Airtel Ltd, has announced its considerations to be listed on London Stock Exchange (LSE). According to the company, the flotation is part of its efforts to expand its data and mobile money services across Africa. Airtel Africa aims to raise $1 billion through… Continue reading NIGERIA: Airtel Africa To List On NSE and LSE