Globacom’s performance shapes telecoms growth in Q3, 2020,says NBS

Posted by - January 27, 2021

Recently released data by the National Bureau of Statistics (NBS), indicates that Nigerian telecommunications giant, Globacom, drove the telecommunications industry growth in the third quarter of 2020. According to the data, the sector experienced significant growth in the quarter. This was propelled by growth in data subscriptions, which rose by 23 per cent year-on-year, representing

5G tops telecoms predictions for 2021

Posted by - January 8, 2021

2020 was the year that telecommunications proved to be the foundation for the modern society. It was also the year that fifth generation (5G) technology deployment was shown to be on track. This is according to research and consulting firm, Strand Consult, which reviews the highs and lows of the mobile telecoms industry in 2020

Airtel Africa records double-digit growth for H1 2020

Posted by - October 23, 2020

Airtel Africa has announced that they have seen a 12.0% to 116.4 million, with revenue on reported basis increasing by 10.7% to $1,815m, with Q2 revenue growth of 14.3% . This is according to their half-yearly results for the period ended 30 September 2020. The results for the six months ended 30 September 2020 are

MTN appoints Ralph Mupita as Group CEO

Posted by - August 19, 2020

MTN Group has announced that the current group CFO of MTN Group, Ralph Mupita, has been appointed as the new group president and CEO with effect from 1 September 2020. Ralph has served as the MTN Group CFO since April 2017 and has played a critical role in the development and execution of the group’s

Burundi cuts off social media on election day

Posted by - May 20, 2020

Social media sites in Burundi have become unavailable as voting kicked off Wednesday across the East African country. Sources has confirmed that access to Twitter, Whatsapp and Facebook has been blocked. Only those using Virtual Private Network (VPN), which hides the identity of a user, have been able to access social media sites. The progress

Bitcoin Rises After Eagerly Awaited ‘Halving’

Posted by - May 13, 2020

Bitcoin rose Wednesday following an eagerly awaited adjustment that occurs every few years to limit the amount of virtual currency on the market, building on a recent rally driven by coronavirus. The so-called “halving” occurs every four years and is when the reward received by “miners,” whose computer processors allow the running of the most

Econet-Global

Econet could Buy as much as 49% of State-Owned Telecoms in Ethiopia

Posted by - February 28, 2020

Econet Global is interested in purchasing a telecommunications licence in Ethiopia, reports TechCentral. The company, founded by Zimbabwean billionaire Strive Masiyiwa, could be one of the first foreign investors to do so since the industry opened up. According to the report, the “Horn of African nation has announced plans to sell as much as 49%

African Tech Emergence

Africa: The New Frontier for Emerging Tech

Posted by - February 27, 2020

For all the highly publicized ills that the African continent seems to be suffering from – corrupt politics and shortcomings in infrastructure to poor socioeconomic systems, African technology seems to be a shining bright spot. Kay Ugwuede of Tech Cabal writes that African innovation rises to meet the continent’s dire challenges. New startups aim to

JUMO Raises $55 Million For Expansion Into New Markets

Posted by - February 27, 2020

JUMO, a technology company building next-generation financial services for emerging market entrepreneurs, recently announced the successful raise of US$55 million in debt and equity funding.  This will support JUMO’s expansion into new markets and the launch of new products. The funding round introduced new investors to join existing investors such as Goldman Sachs, Odey Asset