MTN Uganda to float 20% of shares on securities exchange
The move is in line with the group’s priority to create shared value, partly through ensuring broad-based ownership in its operating subsidiaries.
MTN in mobile money offensive with Flutterwave partnership
This partnership will allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to receive payments via MTN Mobile Money.
Standard Bank targets bulk of Africa’s payments with Unayo
The bank introduces the Unayo digital platform, aiming to connect the continent’s informal market to financial services.
MTN taps Turkcell for new Ayoba head
Burak Akinci is named CEO of Simfy (Ayoba), reporting to MTN Group chief digital and fintech officer Serigne Dioum.
Digital wallets give rise to African ‘super apps’
Across the continent, digital wallets have evolved into so-called super apps, which have diversified beyond money management, says Omdia.
Over-regulation is killing mobile money in SA
While SA has largely embraced technology innovations, the country has yet to conquer the mobile money conundrum, as it’s caught in the grip of excessive legislation.
MTN quits multibillion-rand Syrian operations, seeks compensation
The group initiates an exit of Syria, abandoning its operations, as regulatory actions and demands make operating in the market untenable, says CEO Ralph Mupita.
MTN Nigeria sheds 7.6m subscribers as regulator clamps down
The stringent regulations on new SIM sales and activations in Nigeria cost the telco millions of mobile and data subscribers.
Device insurance lifts Telkom’s fintech unit in financial services race
The telco says it put in motion a campaign to promote its financial products and will launch new services in the next 12 months.
MTN targets 100m fintech users in new Africa strategy
The telco aims to reach the fintech subscriber goal in the next five years and grow the unit’s service revenue contribution to the group from 8% to 20%.
MTN in aggressive MoMo push on home turf
The telco says it’s only natural that it includes its home market in its fintech plans and has already started recruiting thousands of agents to roll out Mobile Money.