MoMo Rwanda, MasterCard Launch Innovative Virtual Card

MoMo Rwanda has partnered with MasterCard to launch Rwanda’s Virtual Card, a groundbreaking digital payment solution that enables MoMo subscribers to make global e-commerce payments. This innovative product allows MoMo customers to shop or pay at any MasterCard-accepting merchant worldwide, directly linking their MTN MoMo account to a virtual card that can be accessed via mobile phones. The launch is part of MTN Group’s broader strategy to enhance collaboration with MasterCard in payment issuance, acceptance, and remittance across the continent.

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Airtel Nigeria Names Dinesh Balsingh New CEO

Airtel Nigeria has announced the appointment of Dinesh Balsingh as its new Chief Executive Officer and Managing Director, effective November 1, 2024. This marks a significant leadership transition as Balsingh takes over from Carl Cruz, who has resigned to return to the Philippines. Balsingh brings a wealth of experience and a strong track record in the telecommunications industry, making him a valuable addition to Airtel Nigeria’s leadership team.

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Equity, Bpifrance Partners to Enhance East Africa SMEs Financing

Equity Group has signed a landmark trade credit financing agreement with BpiFrance, France’s public investment bank, to bolster support for Small and Medium Enterprises (SMEs) in Kenya and across the East African region. Announced during French Week 2024, this partnership will provide SME investors with financing options in US dollars and Kenya shillings, empowering them to scale their operations and expand into regional markets.

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Safaricom Enhances 5G Network to Support Kenya SMEs

Safaricom has introduced an upgraded 5G for Business service, offering speeds up to five times faster than before. This enhancement is designed to support essential business operations, including real-time collaboration, seamless online transactions, and efficient remote work solutions. The move signals a commitment to driving digital transformation for enterprises in Kenya.

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