Absa, Thunes unveil new remittances solution

Africa’s boldest streaming experiment, Showmax, is ending after years of heavy losses. MultiChoice and new owner Canal+ cite market realities and competition with Netflix as key reasons.

The fintech intends to launch the card for the general public in mid-April, beginning with South Africa and the US, followed by a phased rollout across key African markets such as Nigeria and Kenya.

The latest development in MTN's peaceful withdraw from Syria comes more than four years after the company announced plans to leave the Middle East and focus on its booming operations on the continent.

With 3.1 billion people globally still offline despite coverage, industry leaders say tax cuts and import duty reforms will be critical to hitting the $30–$40 price point and unlocking digital inclusion at scale.

The telco said the partnership reflects a bigger reality: in an increasingly digital world, connectivity is not secondary to humanitarian response, but rather fundamental.

The company said the solution is the first African-ready, autonomous network designed to self-optimise mobile Radio Access Networks and built specifically for the unique complexities of Africa's connectivity landscape.

At MWC Barcelona 2026, MTN Group CEO signalled a decisive shift toward AI-driven networks, fintech expansion and infrastructure ownership, positioning Africa’s largest operator to lead the continent’s next digital growth cycle.

The two have struck a deal to connect remote 4G and 5G towers across Africa, strengthening rural coverage and intensifying competition with Starlink.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.

TAAT-III is expected to reach an additional 14 million farmers across 37 low-income and vulnerable countries served by the African Development Fund.

The company said these transactions, alongside the recent sale of a minority stake in a data centre subsidiary in South Africa, are part of a significant strengthening of its capital structure.

The raise builds on its $100 million 2025 investment and will accelerate deployment of swap stations, automated battery technology and renewable-powered charging hubs.