Vodacom Group is expanding its financial and e-commerce services in South Africa through a partnership with AliPay, seeking to accelerate growth in a market hampered by a lack of new broadband spectrum.
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Vodacom Group upgraded its medium-term operating growth target to mid-to-high-single digit on Tuesday after reporting a 3.7% jump in full-year earnings.
Safaricom of Kenya is holding talks with Amazon.com about the use of mobile money service M-Pesa on the e-commerce giant’s platform.
Kenya’s Safaricom posted a drop in its full-year core earnings as the impact of Covid-19 cut revenue from financial services and calls, though it predicted a recovery based on second-half numbers.
Ethiopia’s decision to exclude mobile money from the terms of two new telecommunications licences cost the government about R7-billion from bid levels, Prime Minister Abiy Ahmed said.
Ethiopia received bids for telecommunications licences from MTN Group and a consortium led by Vodafone Group, according to Brook Taye, an adviser in the finance ministry.
MTN South Africa has taken the axe to prepaid data prices, reducing the cost of 10GB of data (including another 10GB for use at certain times of the night) to R149.
Government’s plan to create a wholesale open-access network “will serve no useful purpose” and could, in fact, harm consumers – the exact opposite of what it’s meant to achieve, the Free Market Foundation said.
MTN Group is valuing its mobile money arm at R75-billion, joining African wireless carriers planning to list these businesses in a region that has more mobile money accounts than anywhere else in the world.
Vodacom Group said on Monday that it will work with the African Union to offer a mobile technology platform to manage vaccination appointments and vaccine stocks across the continent.