The Public Investment Corporation (PIC) has sold 26% of its stake in Telkom, reducing its shareholding to below 10% for the first time in years. As of August 23, 2024, Telkom announced that the PIC now holds a 9.949% interest, down from 13.4% in March 2024.

Read more: Telkom Stake Significantly Reduced by South African Government

Telecom Namibia has announced plans to launch commercial 5G services by 2026, with the goal of delivering faster speeds, lower latency, and enhanced network capacity. This strategic initiative will initially focus on selected regions, representing a major step forward in boosting connectivity throughout the country.

Read more: Telecom Namibia Unveils 5G Launch Plans and Expands Network Infrastructure

Safaricom’s M-PESA has once again been re-certified by the GSM Association, reaffirming its commitment to delivering secure, transparent, and reliable financial services. Originally accredited in 2018 as one of the pioneering mobile money operators, M-PESA has consistently upheld this certification.

Read more: Safaricom’s M-PESA Re-Certified for Excellence in Mobile Financial Services

Ethio Telecom, Ethiopia's state-owned telecommunications company, has announced impressive financial results for the fiscal year ending in June, showcasing significant growth. According to CEO Frehiwot Tamiru, the company reported a 22% increase in revenue, reaching 93.7 billion birr ($1.63 billion), and a 21% rise in net profit, totaling 21.79 billion birr.

Read more: Ethio Telecom Has Announced a 22% Increase in Revenue and a 21% Growth in Profit

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