Fintech Ukheshe launches digital payments innovation lab

Two appointments at the insurtech firm, backed by MTN and Sanlam, are key to its continental expansion plans.

The funds being raised are intended to further operations in South Africa and the Philippines.

The $29 million, three-year project seeks to strengthen Kenya’s digital economy.

The US says it is laying the groundwork for a digital revolution on the continent, by increasing access to cloud-based technologies.

Angola Cables and Orange will now offer seamless connectivity to the Djoliba Network and other global destinations.

Completion of the transaction is subject to various approvals, which are expected to be obtained before or during July 2023.

Mobile operators have suggested several steps the government can take to mitigate the effects of power cuts on the sector and economy.

The project will see all 26 regions across Tanzania's mainland reached with quality and reliable telecommunication services, said President Hassan.

With the new funding, the business aims to grow its smartphone services, expand its model to new markets and extend its financed product set.

In the last financial year, international M-Pesa revenue was up 31.1% to R6.5 billion, contributing 24.6% of service revenue.

Vodafone Egypt ended the financial year with 45.5 million customers, while average revenue per user grew by 19.3%.