Zambia Mobile Money balloon as fintech adoption increase

Fintech Paymenow is entering the Zambian market through Izwe partnership to roll out earned wage access platform.

Company, one of six licensees, now holds exclusive rights to import and export internet data capacity.

United Africa Blockchain Association to carry out high level training targeted at several sectors, including government and telecommunications.

Consumer and industry watchdogs express concern and say energy is a key sector behind economic development.

Joint venture between the Zambia Electricity Supply Corporation (Zesco) and UAE investment funding organisation MASDAR.

Investment in network continues, with extended reach and 5G launch on the cards.

Datacentres in Luanda have been awarded ISO 9001, ISO 27001, and PCI-DSS certifications.

Strategy begins with full automation of airtime purchases, phasing out of scratch cards.

The company plans to invest US$400-million and create 450 direct jobs.

Wholly-owned local firm said it would invest US$400-million and create more than 450 direct jobs when it commences operations.

Authorities say country cannot proceed as intended by the Electoral Commission of Zambia until it has reliable network coverage and connectivity.

Government plans to leverage revenue generated from spectrum auction to invest in telecommunications tower construction.