Safaricom is doubling down on its commitment to Ethiopia with plans to introduce savings and credit products via its M-PESA platform, aiming to unlock greater value in a market where traction has been slow. Since launching in August 2023, M-PESA has yet to replicate its success in Kenya, with earnings still modest despite Ethiopia’s vast…
PalmPay, one of Nigeria’s leading fintech companies, has announced its ambitious expansion into four additional African markets: South Africa, Côte d’Ivoire, Uganda, and Tanzania. The company intends to establish operations in these countries by the end of 2025, marking a significant step in its mission to become a pan-African financial technology powerhouse. This strategic move…
MTN Ghana has delivered an exceptional financial performance for the 2024 fiscal year, with service revenue surging by 34.5% to GHS 17.9 billion ($1.1 billion). This growth surpasses the company’s medium-term targets and underscores its strong strategic focus on digital services, mobile money, and data-driven expansion. Despite macroeconomic challenges, MTN Ghana has reinforced its position…
Nsano Ltd, a leading pan-African fintech company, has officially expanded its footprint into East Africa with the opening of its regional office in Rwanda. This milestone follows the company’s successful acquisition of both the Payment Aggregation and Payment Remittances Service Licenses (Category II and III) from the National Bank of Rwanda, reinforcing its commitment to…
e& Group has officially joined Aduna as an equity partner, marking a significant step toward accelerating global adoption of network APIs. Announced today, March 3, at Mobile World Congress 2025 in Barcelona by e& Group CEO Hatem Dowidar, this strategic partnership will allow e& to integrate its network APIs across its vast footprint in the…
MTN Cameroon has appointed Wanda Matandela as its new Chief Executive Officer, marking an exciting new chapter for the company. With his extensive experience in telecoms, fintech, and business strategy, his leadership is expected to drive MTN Cameroon’s vision of expanding connectivity, enhancing digital services, and deepening financial inclusion across the country. Matandela brings a…
MTN Ghana has reaffirmed its commitment to financial inclusion by making it a core component of its growth strategy. The telco is enhancing its digital platforms, including myMTN and Mobile Money (MoMo), to provide seamless financial services, strengthen partnerships with financial institutions, and expand the MoMo ecosystem. These efforts aim to drive financial accessibility and…
Bayobab has signed a strategic five-year agreement with Infobip to enhance SMS connectivity across Africa. Through this partnership, Bayobab will leverage Infobip’s Communication Platform as a Service (CPaaS) Customer Modules and Routing management to streamline campaign management, API integrations, and analytics, ensuring seamless SMS delivery across the continent. As part of the agreement, Bayobab, a…
