Nium, a global leader in real-time cross-border payments, has partnered with Ecobank Transnational Incorporated to enhance payment solutions across 35 African markets, benefiting over 32 million customers. This partnership is poised to significantly impact the region by enabling faster, more efficient cross-border payments for both individuals and businesses, streamlining the financial ecosystem in Africa.
Console Connect and Africa Data Centres have announced a strategic partnership aimed at revolutionizing data connectivity across Africa. This collaboration, formalized at the Africa Tech Festival 2024, is set to enhance secure and efficient data movement between vital data centres and cloud infrastructures, crucial for the continent’s evolving digital landscape.
Ecobank and TransferTo have announced a transformative partnership that aims to revolutionize cross-border payment solutions and financial access across Africa. The collaboration between the pan-African banking giant and the Singapore-based global technology group will bring innovative financial tools to millions, ensuring secure and inclusive growth across the continent.
Lendsqr, a Nigerian leader in loan management software, has officially launched its innovative lending-as-a-service platform in Kenya, aiming to transform how banks, microfinance institutions (MFIs), and digital lenders manage loan processes. This launch marks a significant step forward in supporting Kenyan lenders with the advanced technology needed to streamline and scale their lending operations, paving the way for increased financial inclusion across the country.
Metrofile Kenya has entered a strategic partnership with the Kenya Association of Records Managers and Archivists (KARMA) to drive digital transformation in Kenya’s records management sector. This initiative aligns with the Ministry of Information, Communications, and the Digital Economy’s (MICDE) Strategic Plan (2023-2027), marking a major milestone in the shift towards secure and efficient digital record-keeping practices. By modernizing records management, this collaboration will enhance productivity across government and private sectors, reducing the losses incurred by outdated, paper-based systems.
NCBA Bank has officially opened a new branch in Kitui, marking a significant milestone in the bank’s commitment to improving banking access and promoting financial inclusion across Kenya. Located at the Chief Kitonga Building in Kitui town, the new branch strengthens NCBA’s strategic focus on expanding its footprint in more regions and providing residents with greater convenience in accessing banking services.
Safaricom has reported impressive growth in its Ethiopian operations, announcing a 47.3% increase in monthly active users for the first half of 2024. This growth has brought the total number of active customers in Ethiopia to 6.1 million. The company also revealed that its network now covers 46% of the Ethiopian population, marking a significant milestone in its expansion within the country. The strong growth in customer numbers reflects Safaricom’s successful entry into Ethiopia’s telecom market.
Vodafone Egypt has secured a significant milestone in its expansion efforts, acquiring a 5G license for $150 million from Egypt’s Ministry of Communications and Information Technology. This license, awarded on October 7, 2024, marks a major step in Vodafone’s strategic growth as it seeks to position itself at the forefront of digital transformation in the region. In addition to the 5G license, Vodafone Egypt extended its existing spectrum licenses for five years, until 2039, at a cost of $17 million, demonstrating its commitment to the long-term development of its network infrastructure.
