M-Pesa and Visa have launched a virtual payment card in a bid to capture some of Africa’s $40-billion/year subscriptions market.
Browsing: Safaricom
Vodacom Group is mulling a bond issue and will pay a smaller proportion of its earnings in dividends as it looks to finance new growth plans.
Vodacom Group on Monday declared a full-year dividend of R4.30/share after reporting a solid performance from South Africa, its biggest market.
Safaricom is encouraged by the positive outlook in Ethiopia and plans to start operations there this year, its CEO said.
MTN Group will look for minority investors in its African fintech unit after separating the division from its traditional telecommunications business.
Ethiopian Airlines Group will ramp up investment in cargo services and infrastructure and is looking to become a logistics hub for Africa’s growing e-commerce market.
Ethiopia is suspending the tender process for its second telecommunications licence and will relaunch it in the “near future”, the government said.
Vodacom Group reported a 5.1% fall in half-year earnings on Monday and declared an interim dividend of R4.20/share, up 1.2%.
Ethiopia expects its second telecommunications provider to start operations in the first quarter of next year despite conflict in the country.
Kenya’s biggest telecommunications operator has lowered its full-year forecast for earnings due to its investment in Ethiopia.