During the past year, Telecom Egypt's consolidated revenue grew significantly, reaching EGP 42.0bn, a 30% YoY increase. This growth was driven by a nearly doubled year-on-year IDD revenue of EGP 4.3bn, thanks to increased traffic and USD appreciation.
Etisalat Egypt, in collaboration with Banque Misr, has unveiled a new joint e-payment venture named ‘SuperPay’, which is set to make waves in the Egyptian market.
M-Pesa, Africa's largest financial technology (fintech) platform, has gained 1.2 million members in Ethiopia within the first two months of launching its mobile money service. The telecommunications company confirmed this achievement in its 2023/2024 half-year results announcement.
Safaricom has announced the successful completion of its acquisition of M-Pesa Holding Company Limited from its parent company, Vodafone Group PLC, finalizing a process that began in April of this year.
TelOne, a Zimbabwean telecommunications company, recently invested $2.4 million in upgrading its broadband network. This upgrade has allowed for increased capacity and reduced connectivity latency. Despite facing challenges from legacy loans and network vandalism affecting 30,000 subscribers, TelOne continues to invest in its network expansion. Lawrence Nkala, the newly appointed CEO, mentioned that the company has invested over $20 million in the network over the past two years. This recent upgrade optimized traffic management and routing processes, specifically in the fiber and ADSL categories. The government-owned telco is also working on developing its metro network, although cash shortages may pose a challenge.
Tecnotree has successfully implemented a Business Support System (BSS) upgrade for MTN South Sudan, marking a significant milestone in MTN's broader digital transformation initiative, Ambition 2025.
Several devolved counties in Kenya, including Bomet, Busia, Isiolo, Kitui, Mandera, Migori, and Tharaka-Nithi, have recently gained access to internet connectivity. This expansion joins the ranks of counties like Nairobi, Mombasa, Uasin Gishu, and Nakuru, which were already connected.
Safaricom has introduced “Safaricom Hook,” a new initiative aimed at empowering the youth of Kenya in the field of technology. Peter Ndegwa, CEO, emphasized the company's commitment to establishing a strong bond with the youth, recognizing their distinct and specific needs.
The Egyptian telecommunications company "WE," Egypt's first integrated operator of communication and information technology services, has signed a cooperation protocol with Prime Real Estate Development Company. This partnership aims to provide integrated communication services and smart systems for their diverse real estate projects in the market.
Celtiis, a mobile operator and a subsidiary of ‘Société Béninoise d'Infrastructures Numériques’ (SBIN), has partnered with the German technology firm Oculeus to enhance its wholesale operations. Through the implementation of Oculeus' billing, routing, and wholesale solution, Celtiis will significantly bolster its ability to manage wholesale operations and its network of interconnection partners for voice and messaging services.
