Day: January 14, 2025

Mukuru has introduced its mobile wallet in Zimbabwe, the Mukuru Wallet, following its receipt of a Deposit-Taking Microfinance Institution (DTMFI) licence from the Reserve Bank of Zimbabwe. This new addition to Mukuru’s suite of financial services is a game-changer, as it enables users to send and receive money both locally and internationally, directly from their mobile phones. It also offers safe storage for funds, with the added advantage of a free cash-out feature on international transfers.

Lemfi, a leading remittance startup catering to African immigrants across 22 countries, has raised $53 million in its Series B funding round, bringing its total funding to $85 million since its inception in 2019. The investment round, led by Highland Europe, positions the startup for an exciting new phase of growth, as it plans to expand into Europe and further its mission of improving financial services for African immigrants globally.

Sentinel Africa Consulting has announced a pivotal leadership change with Collins Too taking over as the new Chief Executive Officer (CEO) of both Sentinel Africa Consulting and its subsidiary, Sentinel Africa Training Institute. This appointment marks a crucial step for the company as it enters a new phase of growth and innovation.

MTN South Sudan has made a significant step in the country’s telecommunications journey by launching eSIM technology, making it the first operator to introduce this innovation in the local market. This launch marks a pivotal moment in the telecommunications sector, enhancing connectivity and providing added convenience for customers in South Sudan.

CMC Networks, a leading pan-African network solutions provider, has appointed Paolo Gambini as the Chief Revenue Officer for the Middle East and Africa (MEA) region. This appointment marks a key step in the company’s mission to drive revenue growth, enhance customer engagement, and lead strategic initiatives across the region. Gambini’s role is expected to significantly contribute to CMC Networks’ continued success and expansion in the MEA market.

Vodacom and Orange have launched Africa’s first rural TowerCo partnership to address the challenges of network coverage in underserved areas. The collaboration aims to build, own, and manage solar-powered mobile base stations in the Democratic Republic of Congo (DRC), providing telecom and mobile banking services to up to 19 million people in rural and less populated areas. This partnership is a significant step toward bridging the digital divide in the country, ensuring better access to essential services for millions of Congolese citizens.