Madica invests in three African start-ups

The investment would help fintech Zeepay, which is present in 20 countries, to broaden its reach in new markets across the continent.

This follows recent changes to MTN Group's leadership structure, which took effect on 1 April.

The pan-African bank says it is progressing on its journey of digital transformation.

Overall fintech revenue growth increased by 21.8% year-on-year, with other key developments proving their worth.

According to Helios CEO Tom Greenwood, the company expects tenancy ratio expansion to exceed its previous medium-term prediction.

Adaire Fox-Martin, who has 25 years of experience in the technology sector, is expected to lead Equinix’s expansion, including in Africa.

The company unveiled Unlimited Free Transfer and Target Savings, removing transfer fees to all banks and fintech platforms on its app.

The bank’s Audit and Compliance Committee observed that technological, cyber, and information security hazards increased across the business in the year.

Djibouti, The Gambia, Ghana, Guinea, Kenya, Liberia, Nigeria, Sierra Leone, Zambia, and Zimbabwe have all implemented PAPSS through their central banks.

This is the second M-Pesa outage Safaricom has experienced this January.

The new company will be a “Preferred Partner” of NTT to enable continued delivery of service and support to all customers.