Mobile money is the fastest growing source of income for network operators such as MTN and Safaricom, outpacing data.
African telecommunications authorities must walk a fine line when it comes to regulating the move of mobile operators into financial services.
Safaricom CEO Bob Collymore, whose push into mobile payments spurred a five-fold increase in the Kenyan company’s value, died after a battle with cancer. He was 61.
Vodacom Group has updated its profit outlook on the back of the acquisition of East Africa’s largest mobile phone company that’s helping it push into financial services.
Bharti Airtel’s Kenyan unit has agreed to combine operations with Telkom Kenya, creating the second-largest telecommunications operator in the East African nation after Safaricom.
WorldRemit, a UK company that specialises in money transfers into Africa, plans a new funding round in the next six months ahead of a potential initial public offering or buyout.