Financial

Malawi telcos dealt heavy blow with Kwacha devaluation

Telekom Networks Malawi and Airtel Malawi both project subdued results for half-year ended 30 June.
Michael Malakata
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3:30
Yesterday

Ghana, Nigeria, South Africa and Uganda come up trumps for MTN

Performance by MTN’s operations in Africa has helped the operator maintain its course.
2:20

SA VC firm HAVAÍC backs FinAccess to grow across Africa

The software solutions provider supports the growth and scaling of SACCOs and co-ops across East Africa.
3:00

MTN Rwanda’s Mitwa Ng’ambi to leave on high note

Company CEO appointed to serve as MTN Cameroon CEO from September, with MTN South Africa’s incumbent Chief Consumer Officer Mapula Bodibe appointed as replacement.
3:50
2 Aug

MTN’s Ghana and Nigeria businesses keep momentum up for operator

Despite challenges like NIM/SIM registration, rising inflation, fuel prices and supply chain issues, MTN continues to leverage strong performance of its African subsidiaries.
2:20
27 Jul

Angola switches economic gear with AFC partnership

Africa Finance Corporation expands investment in North African country to potential US$1-billion.
1:40
25 Jul

Bank of Central African States urged to move on CBDC adoption

Outcome of an extraordinary meeting hosted by the financial regulator.
2:00
21 Jul

Regulation is choking us says EcoCash

Mobile money platform slams tough measures and says these have impacted growth.
2:30

Liquidity crunch blocks Econet’s 5G pipeline

While the tech firm has upgraded sites, and network capacity, the investments are limited and impacted by liquidity crunch said Chairman James Myers.
1:50

Telecom Namibia toes party line and announces N$2.3bn infrastructure upgrade plan

Last month, Namibia’s Minister at the Ministry of Information and Communications Technology (MICT) Peya Mushelenga bemoaned low levels of access to internet and coverage provided by telecommunications companies.
3:40
19 Jul

SEACOM, EOH get regulator’s nod on acquisition

South Africa’s Competition Commission gives the companies the all-clear on SEACOM’s acquisition of EOH-NS and Hymax.
2:30

Venture capitalist ploughs US$50m into Cassava

Partnership with C5 Capital bolsters Cassava Technologies’ efforts to accelerate digital transformation in Africa.
1:20
15 Jul

BTC brushes off revenue drop and vows to press ahead with investment

Company will focus on 4.5G upgrade, mobile data and broadband offerings.