Fintech Ukheshe launches digital payments innovation lab

The lab will lead product development, and several other projects, such as looking at ways to give the company’s legacy tech more longevity.
ITWeb reporter

Key appointments at aYo boost African growth plans

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

SA’s Tyme Group secures $77.8m funding raise

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

EU, Germany, Estonia launch digital transformation centre in Kenya

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

US gov’t pushes data centres throughout Africa

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

Angola Cables, Orange seal infrastructure sharing agreement

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

Vodafone to sell M-Pesa holding company for a dollar

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

South African telcos demand tax relief as power cuts bite

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

Tanzania unveils broadband project supported by World Bank

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

Fintech M-KOPA raises $250m to scale across Africa

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

M-Pesa hits $365 billion milestone

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 bumps up Vodacom Group contribution

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