MTN expands MoMo services to South Sudan market

MTN South Sudan has officially launched its new MoMo campaign, “Mata fekir,” a mobile money initiative designed to transform financial access and inclusion in one of Africa’s least-banked nations. The launch event, held at the Pyramid Continental Hotel in Juba, brought together government regulators, financial institutions, and private sector leaders, marking a critical milestone in…

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Djibouti Telecom plans DARE1 subsea extension to Southern Africa

Djibouti Telecom has unveiled plans to extend its Djibouti Africa Regional Express 1 (DARE1) subsea cable system further south along Africa’s east coast, a move that is set to transform regional connectivity. The extension will significantly strengthen Africa’s digital infrastructure and support the continent’s surging demand for high-capacity, low-latency services driven by cloud providers, enterprises,…

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Egyptian fintech Munify secures $3m seed for expansion

Egyptian fintech startup Munify has successfully raised US\$3 million in a seed funding round led by Y Combinator, with additional backing from BYLD and Digital Currency Group. The funding marks a major milestone for the startup, positioning it to accelerate engineering, compliance, and market expansion, while also strengthening its role in transforming financial services for…

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