The Ministry of Finance (MoF) in Egypt is currently considering selling an additional stake in Telecom Egypt, the local fixed-line telecommunications provider. The MoF is exploring the possibility of divesting between 10% and 15% of the company. It's important to mention that back in May 2023, the MoF had already sold a 9.5% stake in Telecom Egypt.
MTN South Africa has appointed Tumi Chamayou as the Chief Enterprise Business Officer and Ernest Galelekile as the Executive for Channels in Commercial Operations. Chamayou's appointment will become effective on October 1, while Galelekile assumed his role on September 1, 2023.
Ethio Telecom, a pioneering telecom service provider in Africa — a company at the forefront of supporting Ethiopia’s socio-economic development and playing a pivotal role in the nation's overall progress — has announced the official launch of commercial 5G services at 145 sites in Addis Ababa. This significant achievement builds on the earlier successful pre-commercial 5G mobile technology trial services in both Addis Ababa and Adama cities.
Vodafone and Project Kuiper, Amazon’s low Earth orbit satellite (LEO) communications initiative, have announced a strategic collaboration through which Vodafone and Vodacom plan to use Project Kuiper’s network to extend the reach of 4G/5G services to more of their customers in Europe and Africa.
The MTN Foundation has launched the second edition of the MTN Women in Digital Business Challenge, offering R1 million (US$53,600) to support South African female-led digital businesses. The aim is to help women grow their tech ventures in the male-dominated ICT industry.
In a first of its kind in South Africa, Vodacom signed a Virtual Wheeling agreement with Eskom that will help accelerate efforts to solve the country’s energy crisis. In addition to adding capacity to the nation’s power grid, this agreement — a Vodacom innovation that has been co-developed with Eskom — will also play a significant role in moving Vodacom closer to its goal of sourcing 100% of its electricity demand from renewable energy sources by 2025. This agreement will now enable Vodacom to execute the next phase of this innovative solution: securing Independent Power Producers (IPPs) under the same terms and conditions that underpin its agreement with Eskom.
Telkom Kenya’s towers have been deactivated once again, this time due to a failure to meet site leasing fee obligations with American Towers Corporation (ATC).
MTN Group has revealed that Marina Madale will assume the role of Group Executive starting September 1, 2023. Formerly serving as General Manager for Sustainability and Shared Value at MTN Group, Marina's new position will oversee the strategic direction for Sustainability and Shared Value, along with the foundations' work across all MTN Group markets.
Safaricom has successfully secured a loan of up to KES20 billion (equivalent to US$137 million) from a consortium of prominent Kenyan banks. This funding will play a pivotal role in advancing the company's comprehensive sustainability plan.
Safaricom Ethiopia has achieved a notable milestone by garnering 5 million subscribers within a year of its launch in the densely populated East African nation. The company aspires to double this count by March.
