Tech company JUMO partners MTN Uganda to launch new credit service

UGANDA – JUMO, a technology company building next-generation financial services for emerging markets, has partnered with MTN Mobile Money Uganda Limited to launch MoSente, a new credit service that will afford the people of Uganda more choice when it comes to mobile lending services. MoSente is a convenient way for MTN customers to access credit facilities. Customers can borrow at…

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Nigeria grants MTN licence for mobile money banking service

NIGERIA – The Central Bank of Nigeria has approved the licence for MTN’s Mobile Money (MoMo) Payment Service Bank in the country, extending its services to wider banking operations. Mobile money is a growing contributor to MTN Nigeria’s income, and the new banking licence would allow the company to explore growth opportunities presented by the country’s unbanked population. MTN Group…

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South Africa’s Icasa raises US$961m in high-demand radio spectrum auction

SOUTH AFRICA – The Independent Communications Authority of South Africa (Icasa) has announced that it had raised R14.4 billion (US$961.33m) from the high-demand radio frequency spectrum auction, which would go to the national fiscus. The auction involved six qualified bidders: Cell C, Liquid Intelligent Technologies, MTN, Rain Networks, Telkom and Vodacom. Icasa confirmed in a statement yesterday that there was…

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Ericsson partners Econet to launch 5G in Zimbabwe, upgrades TMCEL’s mKesh

AFRICA – Econet Wireless Zimbabwe, has partnered with Ericsson to launch 5G services in Harare, Zimbabwe, in a significant milestone for the Zimbabwe Stock Exchange-listed mobile network operator and in light of Econet’s digital transformation journey. Ericsson will support Econet with its latest energy-efficient and high-performing Radio Access Network (RAN) and 5G Evolved Packet Core (EPC) solutions for 5G deployment…

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MTN enters Metaverse with land ownership on Africarare

AFRICA – MTN has announced that it has become the first African company to enter the metaverse by purchasing land in Africarare, one of Africa’s first virtual reality metaverses. Africarare which made its debut in South Africa in October 2021, is the first African Virtual Reality metaverse featuring digital land. MTN with this purchase laid claim to becoming the first…

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MTN Mobile Money Uganda picks Richard Yego as its new Managing Director

UGANDA – MTN Mobile Money Uganda Limited, a 100% duly owned fintech subsidiary of MTN Uganda Limited, has announced the appointment of Richard Yego as its Managing Director. “We are delighted that Richard Yego joins the MTN family as the Managing Director for MTN Mobile Money Uganda. He brings with him a wealth of experience attained from his journey through…

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MTN Uganda introduces overdraft facility as it ups competition in digital lending space

UGANDA – MTN Mobile Money in partnership with NCBA Bank, has launched a new MTN MoMo overdraft service dubbed MoMoAdvance that will enable MTN MoMo customers to access advance Mobile Money funds that they can use to complete their MoMo transactions and payback later. Available to all MTN MoMo customers, MTN MoMoAdvance is an extension of the MTN MoMo customers’…

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MTN South Africa beefs up its executive team with two key appointments

SOUTH AFRICA – MTN South Africa has beefed up its executive team, appointing Michele Gamberini as chief technology and information officer (CTIO) and Megan Nicholas as MD of MTN Supersonic, the network’s fiber and broadband internet service provider. Gamberini’s appointment takes effect from February 2022, while Nicholas took charge from 1 January 2022. The telco announced said the duo will…

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MTN to sell its South Africa cellphone towers to IHS in a US$413.5m deal

SOUTH AFRICA – MTN South Africa has reached an agreement to sell its cellphone towers to IHS Towers for R6.4 billion (US$413.5 million), in a transaction that would help bolster the company’s arsenal for the anticipated auction of spectrum. MTN is selling and will lease back, 5,709 of its towers in South Africa, which include some 4 000 “greenfield” and…

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Telecoms companies Paratus and MTN partner to expand their networks

NAMIBIA – Paratus, a telecommunication service provider, and MTN have signed a national roaming agreement in Namibia, the first of its kind in this Southern African nation. The integration of the two networks will see Paratus and MTN customers throughout the country benefit from better and increased national coverage. It will also allow both Paratus and MTN Namibia to expand…

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