Mobile Money Accounts Exceed 1 Billion Worldwide
Every year, the GSMA Intelligence publishes a State of the Industry Report on Mobile Money Accounts, based on the results of the annual GSMA Global Adoption Survey of Mobile Financial [...]
First Two Loon Balloons Arrive in Kenya's Airspace
Barely a week after Kenya approved Google’s Loon Internet Project, the first two balloons have arrived in the country’s airspace, in Ngomeni. The balloons, dubbed HBA092 and HBAL125, will be [...]Vodacom Cuts Data Prices by Up to 40%
South Africa's Vodacom has cut data prices by up to 40%, while at the same time launching the ConnectU, a zero-rated platform that enables users to access essential services for [...]Rocket Internet Sells 11% Stake in Jumia
German tech investor, Rocket Internet, has sold its 11% stake in Africa e-commerce platform, Jumia. Although the company did not reveal how much they made from the sale, Bettina Curtze, [...]How to Access your Remittances during a Global Pandemic
Are you worried about receiving international cash remittances during the Coronavirus global pandemic? We spoke to Sharon Kinyanjui, Head of East and Central Africa at WorldRemit, who answered the most [...]SoftBank Halts $3 Billion WeWork Deal
Japanese global tech investor, SoftBank Group, has pulled out of a $3 billion deal to buy WeWork shares it entered into last year. In a statement, SoftBank pointed out that [...]Ethiopia Opens Mobile Money Services to Telecoms
Ethiopia's Central Bank announced it will allow non-financial institutions to offer mobile money services. The move will see telecoms venture into the lucrative industry which a study by Ethio Telecom [...]
Zuku Reclaims Top Spot in Fixed Internet Market
Fixed internet connections in Kenya crossed the 500,000 mark for the first time in the quarter ending 31 December 2019 boosted by growth of the major service providers. Overall, the [...]M-PESA Commands 99.6 Percent of Value of Mobile Money Deposits
Safaricom's M-PESA now commands 99.6 percent of the total value of all mobile money deposits. This is from the latest data by the Communications Authority for the period between October [...]Huawei Full Year Revenue Jumps 19% to $123 Billion
Huawei Technologies said on Tuesday that its revenue for 2019 amounted to 858.8 billion yuan ($123 billion), marking a 19.1% rise from the previous year but missing the company's target. [...]Facebook to Acquire Stake in Top Indian Telco
Social media giant, Facebook, is in talks with Reliance Jio, a top Indian telco to acquire 10 per cent stake in a multi billion dollar deal. Techcrunch says that the [...]Startups in France Get $4.3 Billion Cash Injection
The government of France has announced plans to release a $4.3 billion cash injection for its startups, a move that seeks to help them survive the COVID-19 pandemic. According to [...]
