MTN Nigeria has announced the successful acquisition of a 7.17% minority interest in Mobile Money Payment Service Bank (MoMo PSB) from Acxani Capital for approximately $4.36 million. This strategic investment marks a significant development for MTN Nigeria, as it now holds full ownership of MoMo PSB.
MTN Uganda has reported impressive growth in its home broadband sector for the second quarter of the current financial year, significantly boosting its service revenue. The telco achieved a remarkable 130% increase in active subscribers, underscoring the success of its broadband plan in a highly competitive market.
HAVAÍC, the Cape Town-headquartered Venture Capital firm, has announced the promotion of Kiara-Suttner Tromp to Partner. Suttner-Tromp, who joined HAVAÍC in 2019 as a Senior Associate, has played a crucial role in shaping the firm’s financial and analytical strategies. Her efforts were
Meta has announced the launch of two new monetization features for eligible creators in Kenya: In-Stream Ads on Facebook and Facebook Ads on Reels. These features are designed to help creators earn revenue by producing original video content and building their communities on the platform.
Sistema.bio, Africa’s leading biodigester company, has successfully expanded its biodigester technology solutions into West and Southern Africa, becoming the continent’s largest biodigester company. This strategic expansion aims to address energy challenges, promote environmental sustainability, and support access to affordable, clean, and modern cooking solutions across Africa.
mTek, a leading digital insurance platform based in Kenya, has forged a strategic partnership with BuuPass to offer travel insurance coverage for travelers. This partnership aims to protect travelers against any travel-related damages, simplifying the insurance process and providing a seamless, integrated option within the BuuPass platform.
