East Africa’s biggest company sees no compelling case for splitting its mobile money service M-Pesa into a separate unit.
Browsing: Airtel Africa
Operators in Nigeria will stop providing dedicated text message services to banks until the lenders pay ₦120-billion in arrears.
The country has banned some telecoms executives from leaving the country after they resisted paying a new tax on the industry, sources said.
The Democratic Republic of Congo has ordered mobile phone companies to pay a levy estimated at about $180-million/year, sources said.
Helios Investment Partners is in talks with African telecoms operators and banks about ways it can help them cash in on their mobile money and digital payments platforms.
Shares of MTN Nigeria hit an all-time high on Monday after receiving approval to operate mobile money services in Africa’s most populous country.
MTN Group’s shares surged in Johannesburg after it moved a step closer to getting a licence to operate lucrative mobile money services in Nigeria.
Africa is central to Swedish music streamer Spotify’s plans to extend its reach to a billion customers.
Helios Towers plans to use an expansion into Oman to further its presence in the Middle East and North Africa, while it is also eyeing a potential deal in South Africa with MTN Group.
Nigerian banks are only now starting to counter the emerging fintech firms riding the online wave spurred by the pandemic. They’re also deploying their political muscle with regulators.