MTC Namibia soars to new heights with record $60m profit

A new GSMA report reveals that targeted digital reforms could shrink Senegal’s 54% usage gap, unlock $1.95 billion (FCFA 1,100 billion) in economic value and create 280 000 jobs, transforming access to education, health and financial services nationwide.

Algeria has awarded its first three 5G licences worth $492 million, launching a six-year rollout expected to boost GDP by up to $13 billion. Mobilis, Djezzy and Ooredoo now join Tunisia and Egypt in accelerating next-gen connectivity across the region.

The pan-African telco has struck a defining agreement with Kenya’s government and Vodafone to raise its Safaricom stake to 55%, tightening its grip on East Africa’s largest telecoms and mobile money ecosystem.

A tripartite collaboration is launching a service to empower MTN MoMo agents with instant access to short-term finance.

The telco announced the move yesterday as it reported its interim results, which saw the telco bring in revenue of $55.64 million for the half-year ended September.

This milestone represents a significant shift in Kenya's digital economy, as businesses increasingly integrate mobile money directly into their systems.

The telecom company can now unlock smartphone ownership and provide credit access based on an AI-assisted credit rating algorithm.

Vodacom’s move to acquire more Safaricom shares could reshape East Africa’s mobile money landscape, giving the South African telco a firmer grip on M-Pesa and expanding its fintech influence across the region.

MTN Schools Digital Skills Challenge initiative launched via partnership between government and the private sector.

TelOne has launched Connect, a smartphone and laptop app designed to boost landline activity, grow voice revenues, and encourage customer loyalty.

Kiira Motors has launched an expedition across six African countries with its Kayoola electric coach, signalling Uganda’s ambitions to lead the continent’s EV revolution.