MTN Uganda upgrades network to boost connectivity

ZICTA expects more development in ICT, particularly the number of mobile cellular subscriptions, which is predicted to reach roughly 24.5 million by the end of 2025.

Fintech dLocal has added Airtel Money as a payment option for Google Play in Kenya.

The partnership hopes to accelerate financial inclusion and grow acceptance of mobile payments in the country.

The telco says M-PESA is now available in over 170 countries and serves over 70 million customers.

The aim of the project is to increase financial inclusion, streamline healthcare payments, and improve service delivery across the country.

Already leading the world in the field of mobile money, Visa says there is great potential for digital payments and cryptocurrencies in Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational.

The mobile money platform provides more than $55 million in loans each day, with a nonperforming loan level of less than 2%.

The financing will help the telco modernise and expand its network infrastructure, with a focus on 4G and 5G deployment, while also enhancing digital innovation.

The telco's third-quarter mobile money transaction value increased by 33.3% in constant currency, to $146 billion on an annualised basis.

The company said his significant experience and local knowledge ideally equip him to navigate Zimbabwe's economic landscape.