Africa’s mobile phone operators are ramping up plans to bring banking to millions of Africans, in some cases for the first time, after the coronavirus crisis caused a surge in use of digital financial services.
Telkom Kenya has called on the industry regulator to ensure a level playing field, weeks after the company abandoned plans to combine operations with Airtel Africa’s domestic unit.
Every generation or so, money goes through an evolutionary shift, and 10 years from now the fiat currencies currently in use will be regarded as relics of a bygone age, much like the fax machine.
Not enough attention is paid to the extent to which Vodacom, the country’s largest mobile operator, leverages resources from (and executes the global strategy of) parent Vodafone.
Mobile money is the fastest growing source of income for network operators such as MTN and Safaricom, outpacing data.
MTN South Africa is making “good progress” in its plans to relaunch mobile money services in South Africa, according to group CEO Rob Shuter.
African telecommunications authorities must walk a fine line when it comes to regulating the move of mobile operators into financial services.
Among Facebook’s justifications for introducing a new digital currency, libra, the company has offered one pious rationale: to connect the 1.7 billion adults who lack bank accounts to the global financial system.
Facebook’s libra cryptocurrency has taken a lot of criticism from Western government officials and media commentators – but it’s not meant for them.
Vodacom cut its full-year dividend to R7.95/share for the year ended 31 March 2019, a 2.5% decline from the R8.15/share it returned to shareholders in 2018.