Tanzania Telecommunications Company Limited (TTCL) has set forth an ambitious goal to bring high-speed fiber-optic Internet services to an additional 1 million households by the year 2027. The primary objective behind this initiative is to eliminate obstacles to digital access, especially for individuals residing in distant and underserved communities.
MTN has revealed that multinational payment processing company Mastercard is set to acquire a minority share in its fintech division. In their mid-year 2023 group results presentation, MTN announced that Mastercard has entered into a Memorandum of Understanding (MoU) for a minority investment in MTN Group Fintech. The finalization of the agreement is pending the completion of customary due diligence and standard closing conditions.
Africell Angola, a telecommunications operator, has begun the expansion of its network coverage into the Huíla Province, located in the southeastern part of the country. The company's commercial director, Mário Mateus, stated that while Africell's network is currently accessible solely in Lubango and Humpata cities, efforts are underway to establish a more permanent presence by enhancing infrastructure. The objective is to extend network coverage and services to other regions within the province.
Safaricom Ethiopia has revealed the introduction of its mobile money service, M-PESA, to Android users within the country. An iOS version is anticipated to be released in the upcoming weeks. This development arrives after the operator obtained a license from the National Bank of Ethiopia, subsequent to a sequence of pilot tests.
MTN South Africa has announced its expansion into the financial services sector with the introduction of budget-friendly funeral coverage for South African consumers. Operating under the newly launched Khava brand, MTN's prepaid funeral insurance is the initial offering in a series of insurance products tailored for the local market. The coverage, called MyMTN Prepaid Funeral Khava, starts at just R75 per year.
Safaricom Plc, a leading telecommunications and technology company in Kenya, recently hosted an industry dinner event to foster collaboration and discuss the implementation of a Memorandum of Understanding (MoU) aimed at supporting the government's ambitious digitalization agenda. The event also marked Safaricom's role as a strategic partner for Kenya's 10th Devolution Conference, underscoring its commitment to contribute to the enhancement of citizens' lives through technology and innovation.
Telkom's timeline for finalizing the sale of its tower assets appears to have been extended beyond its initial deadline. In mid-June, Serame Taukobong, the company’s CEO, informed TechCentral that the complete sale of Swiftnet, which manages Telkom's masts and towers, would occur within a few weeks.
In the first half of 2023, MTN Group achieved resilient results, advanced the company's strategy through collaboration with Mastercard for the MTN fintech business and progressed plans to exit Afghanistan. These accomplishments occurred within a challenging operating environment marked by heightened inflation, weaker local currencies, and regulatory changes across the Group's 19 markets.
Airtel Tanzania, the mobile telecommunications operator, has launched its 5G mobile network. Currently, this network is available in specific areas and accessible to subscribers with compatible smartphones or dedicated routers.
Telecom Egypt, a prominent player in the telecommunications industry, has announced its operational achievements for the financial period concluding on June 30, 2023. The results were presented in accordance with Egyptian accounting standards, as reflected in the consolidated financial statements.
