MTN Group has successfully completed the sale of its West African subsidiary, Spacetel Guinea-Bissau S.A. (MTN Guinea-Bissau), to Telecel Group Mobile Limited. This move aligns with MTN’s strategic objective of accelerating portfolio transformation and streamlining its operations. The sale has been finalized after receiving all necessary regulatory approvals, marking a significant step in the group’s restructuring efforts.
Telecom Egypt has finalized a multi-year agreement with Mada Communications to serve as its preferred international SMS service provider. This strategic partnership highlights Telecom Egypt’s commitment to leveraging Mada’s extensive expertise and advanced technology to enhance its messaging services.
Founders Factory Africa (FFA) has rebranded as 54 Collective, marking a significant evolution in its mission to support disruptive technology ventures across the African continent. The new identity reflects the firm’s commitment to enhancing its support for early-stage African entrepreneurs through a refined business model and comprehensive services.
Sabipay Technologies, a subsidiary of fintech giant Pesapal Limited, has received a payments system business license from the Bank of Zambia. This license marks a pivotal expansion of Pesapal’s footprint within Zambia’s payments sector, enabling Sabipay Technologies to offer a comprehensive range of payment solutions tailored to diverse business needs.
Liquid Intelligent Technologies has officially launched the first Microsoft Azure Stack in Uganda, marking a significant milestone in the country’s digital transformation journey. Azure Stack combines the intelligence, security, and scalability of public Azure with Liquid’s managed infrastructure, offering a powerful hybrid cloud solution.
TBD, a division of Block, has announced the launch of the TBD Hackathon in partnership with the Africa Bitcoin Conference. This innovative competition is designed to drive technological advancement in payment systems across Africa by leveraging the tbDEX open source protocol.
Mawingu, a leading rural Internet Service Provider (ISP), has expanded its network to Bondo in Siaya County, reaching a total of 29 counties across Kenya. This expansion represents a significant milestone in the company’s mission to enhance connectivity throughout the country.
Amazon Web Services (AWS) has reported a remarkable 19% increase in revenues for the three months ending June 30, reaching $26.3 billion. This performance surpasses analysts’ expectations of $26.02 billion, marking a significant milestone for AWS.
