Year 6 | Edition 8 | 3 March 2023

Western Union partners with MFS Africa to enable money transfers mobile wallets across Africa

MFS Africa has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries and territories. 

The partnership will enable funds to be sent from countries around the world to mobile wallets across Africa through the organization’s licensed payment rails. The service will first launch in Madagascar, and eventually to other countries across the continent.  Kumar Shourav, Managing Director, MTO’s at MFS Africa noted that a partnership like this is...

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Huawei eyes Africa's Ksh 500 billion data center and cyber security market with new solutions

Chinese tech giant Huawei Technologies has set a new trend for Africa’s Ksh 500 billion data centers and cyber security industries as storage and computing power becomes core strategic areas for organizations.

Focusing on data center infrastructure innovation, the firm is leading the development of capabilities to process massive and diversified computing power in data centers and helping enterprises against cyber threats. Addressing the 5th Industry Digital Transformation Summit at the 2023 Mobile World...

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[Kenya] Central Bank to launch a digital platform for purchase of Treasury Bills and Bonds

Kenyans will from March this year be able to buy government securities from a digital platform. This is according to Central Bank of Kenya (CBK) Governor Patrick Njoroge. 

Known as DhowCSD, the system will open up the market for more Kenyans and allow easier management of trading accounts. It will be a departure from the current USSD system which is limited in many ways. “For those of you who invest in T-Bills and T-Bonds (Treasury Bills and Bonds), from next month, once we launch the new Central Securities...

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Workonline Communications establishes third Point-of-Presence in Kenya

Workonline Communications, the wholesale internet provider company, has launched its third core Point-of-Presence (PoP) in Mombasa, Kenya.

The additional PoP, housed in the carrier-neutral iColo datacentre in Mombasa, brings an important new addition to the IP Transit options available in the datacentre to content distribution networks, cloud networks, and internet service providers. Workonline is recognized for its long term vision of deploying equipment capable of delivering up to 100 Gbps...

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MTN, Huawei sign MoU to advance digital inclusion and sustainable development

MTN Group and Huawei have signed a memorandum of understanding to strengthen strategic cooperation in environmental, social and governance matters.

The MoU, signed at MWC Barcelona, is aligned with MTN’s Ambition 2025 strategy and Huawei’s Corporate Sustainability Development strategy, including its TECH4ALL initiative. “Leading digital solutions for Africa’s progress can only be achieved through the power of partnerships,” said MTN Group Chief Sustainability & Corporate Affairs Officer Nompilo...

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e&, Mastercard partner to drive digital future for consumers in 16 markets across Africa, Middle East and Asia

e& has announced a strategic partnership with Mastercard that will see consumers and businesses in 16 markets across the Middle East, Asia and Africa benefit from a variety of new technologies and user-friendly experiences powered by Mastercard’s capabilities when using digital financial services provided by e& operating companies.

These experiences include providing consumers with innovative alternatives to how they choose to pay for a variety of lifestyle activities. Consumers will also benefit from exciting, personalized offerings and opportunities to engage with...

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EFG Hermes Kenya launches digital end-to-end registration of new trading accounts

EFG Hermes Kenya, the brokerage firm in Kenya, has launched an all-new digital onboarding process for its online trading platform, EFG Hermes One Kenya App.

The streamlined digital onboarding process is integral to its strategy to promote financial inclusion in Kenya and the frontier markets in which it operates. Muathi Kilonzo, Head of Equities, Brokerage at EFG Hermes Kenya, commented: “We are pleased to be introducing digital onboarding on our flagship EFG Hermes One app, which falls in line with our...

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Cellulant names Ibrahim Gbolahan Aminu as General Manager for Nigeria

Cellulant has announced the appointment of Ibrahim Gbolahan Aminu as General Manager for Cellulant in Nigeria. As General Manager, Ibrahim will manage and oversee the day-to-day operations and provide leadership as Cellulant expands coverage for Tingg, Cellulant’s Digital Payments platform, across Nigeria.

"We are thrilled to announce the appointment of Ibrahim as General Manager for Cellulant in Nigeria. Ibrahim brings a wealth of experience and expertise in the financial technology sector. We are confident that his leadership and vision will...

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Vertiv selects TechAccess as its distribution partner for Sub-Saharan Africa

As part of its growth strategy for the African market, Vertiv has selected South Africa’s TechAccess (a division of Technology Access Group (Pty) Ltd) as its distribution partner for the region.

This agreement allows TechAccess to distribute Vertiv’s edge data center solutions including uninterruptible power supply systems (UPS), racks, rack power distribution units (rPDUs), keyboard/video/mouse (KVM) switches, integrated cabinets and rows, infrastructure monitoring, and services...

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Telecel Group completes agreement to acquire 70% shares in Vodafone Ghana

Vodafone Group Plc has completed the transfer of its 70% majority shares in Vodafone Ghana (Ghana Telecommunications Company Limited – GTCL), to the Telecel Group after successfully obtaining all the necessary regulatory approvals, including the agreement of the Government of Ghana, as a minority shareholder. 

This is the most recent major change for the Ghanaian telecommunications company since 2008 when Vodafone Group Plc purchased a controlling interest in GTCL and...

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Tigo Tanzania and Ericsson launch 5G and enhance existing network

Tigo Tanzania and Ericsson  have entered a partnership to launch 5G and to fully modernize and expand the existing 4G network across the country. 5G is now launched in Dar Es Salaam, Dodoma, and Zanzibar and will be gradually rolled out across the country at strategic locations.

Ericsson is currently upgrading Tigo Tanzania’s existing 4G network with Radio Access Network (RAN) products and microwave solutions (MINI-LINK 6000). Leveraging the latest energy-efficient products from the 5G Ericsson Radio...

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Cloud brings customers and innovation, Red Hat Sub-Saharan Africa GM says

South Africa and Kenya are worlds apart in their embrace of information technology, but they have one thing in common: they jointly lead the African continent in having the biggest impact of cloud computing on customer experience across 7 major African markets.

This was one of the most significant findings of the final results of the Cloud in Africa 2023 study released today by World Wide Worx, with support from F5, Red Hat, Dell Technologies, Intel and VMware. The study, based on...

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30 countries to launch 5G services in 2023, report

New figures from GSMA Intelligence show 5G connections are expected to double over the next two years, expedited by technological innovations and new 5G network deployments in more than 30 countries in 2023 alone.

Of the new networks to be deployed in 2023, it is expected that 15 will be 5G Standalone networks. The forecasts from GSMA Intelligence, announced during MWC Barcelona 2023, point to a significant period of growth in terms of mobile subscribers and enterprise adoption. Consumer connections...

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[Interview] Fedir Ted Martynov, CEO, CARMACHAIN, Nigeria

Ted Martynov leads CARMACHAIN, a fintech outfit operating in Nigeria that enables credit data for lenders in markets underserved by credit bureaus.

Please introduce your company

CARMACHAIN is a Lagos-based fintech startup founded in 2020 with the mission of building financial inclusion through innovative credit scoring. The company's mobile app collects data points to build credit scores and enables access to affordable credit for the underbanked population globally. The app features a one-click checkout for buy now pay later...

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[Interview] Ireayomide Oladunjoye, MD/CEO, Endeavor, Nigeria

Ireayomide Oladunjoye is the MD and CEO of Endeavor Nigeria. She is passionate about supporting and being an enabler in the ecosystem for impact and social development working to leave a legacy of transforming the Nigerian economy one entrepreneur at a time.

Could you tell us about yourself? 

I am Ireayomide Oladunjoye, the Managing Director and CEO of Endeavor Nigeria. Passionate about supporting and being an enabler in the ecosystem for impact and social development. I want to leave a legacy of transforming the Nigerian economy...

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[Interview] Seyi J. Matanmi, Founder, Hosteet, Nigeria

Seyi J. Matanmi is a technology product developer and entrepreneur. Educated in software development, research and analytics, he currently leads the cloud services outfit, Hosteet, operating out of Lagos, Nigeria.

Please introduce your company, how it came to be and what you do

Hosteet was founded with the mission of making it easy for businesses to take advantage of the power and scalability of the cloud. We started out as a small team of tech enthusiasts, and now we've grown to become a leading provider of cloud hosting solutions. Our services include a range of products...

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[Column] Andrew Springate: Modernising and regulating SA’s payments industry

In the second half of 2022, the South African Reserve Bank (SARB) announced it has its sights set on stricter regulations for the South African payments ecosystem “to ensure financial stability in a world of increasingly innovative and disruptive technology”.

Though some new fintech players winced at the thought, it is a necessary move if South Africa wants to keep up with international trends, notes Andrew Springate, CEO of tech and financial gateway service provider PAYM8Fintechs and...

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[Column] Anna Collard: ChatGPT: What cybersecurity dangers lurk behind this impressive new technology?

It is now possible to use a publicly available artificial chatbot to generate a complete infection chain, possibly beginning with a spear phishing email written in entirely convincing, human-like language and eventually causing a complete takeover of a company’s computer systems.

Researchers at Checkpoint recently created such a plausible phishing email as a test. They only used ChatGPT, a chatbot that uses deep learning techniques to generate text and conversations that can convince basically anyone that it was...

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Three factors driving West African organizations’ rapid cloud adoption

West African businesses are adopting cloud technologies at an unprecedented rate to unlock a range of competitive capabilities through digital transformation. 

According to Titilayo Adewumi, Managing Director for West Africa at SAP, the past few years have seen a sharp increase in the adoption of cloud technologies among West African enterprises. "The digital transformation of organisations in the region is supported by powerful cloud technologies. Organisations adopting cloud are realising greater scalability...

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News Headlines

30-03-2023 | 13:31:48
[Ghana] Spotify invests in community recording studio Vibrate Space
Spotify on Tuesday announced a new investment in Vibrate Space from its Creator Equity Fund to support emerging artists in Ghana.

30-03-2023 | 13:31:05
Nigerian fintech firm Zone adopts ThetaRay AI Solution to screen payments
Headquartered in Lagos, Zone serves large commercial banks, payment fintechs, digital banks, and OFIs with real-time, low-cost settlement of both fiat and digital currencies for domestic and cross-border payments.

30-03-2023 | 13:24:17
[South Africa] Luno expands crypto offering to include Avalanche (AVAX) and Polygon (MATIC)
Crypto exchange platform Luno is adding two more crypto investment opportunities to its platform - Avalanche (AVAX) and Polygon (MATIC).

30-03-2023 | 13:19:00
[Kenya] Google removes hundreds of loan apps from Play Store
Google has removed hundreds of Kenyan-focused loan apps from Play Store, in compliance with the new digital lenders policy which requires apps to be duly licensed by the Central Bank of Kenya (CBK).

30-03-2023 | 12:45:03
[South Africa] Alpheus Mangale takes over from Oliver Fortuin as new SEACOM Group CEO
SEACOM has announced that Alpheus Mangale is joining the company as the incoming Group Chief Executive Officer, effective 1 April 2023.

30-03-2023 | 12:28:00
[Column] Chris Boshoff: Connecting the digital backbone
The Internet of Things (IoT) isn’t new, but it has simmered on the edges of innovation and transformation for years and now it has, as the World Economic Forum puts it, ‘quietly arrived’.

30-03-2023 | 12:23:00
Africa Mobile Networks conclut un accord financier de US$20M pour améliorer la communications dans les zones rurales d'Afrique
Africa Mobile Networks Limited annonce qu'elle a atteint la clôture financière de son prêt garanti de premier rang d'un montant de 20 millions de dollars.

30-03-2023 | 10:03:00
Liquid C2 launches third Cyber Security Fusion Centre in Zambia
Liquid C2, a business of Cassava Technologies, a pan-African technology group, has today opened the doors of its Zambian Cyber Security Fusion Centre (CSFC) in Lusaka.

30-03-2023 | 08:07:07
China will be first market in the world to reach 1 billion 5G connections by 2025, report
5G will overtake 4G in 2024 to become the dominant mobile technology in China. 5G adoption continues to rise following expanding network deployments and more affordable devices.

30-03-2023 | 07:26:03
MTN and Microsoft accelerate Africa’s digital transformation in the public cloud
Following the signing of a five-year strategic partnership in September 2022, MTN and Microsoft are in the process of delivering a programme of work that will see the latest technologies deployed for the benefit of MTN’s customers, starting with South Africa and Nigeria.

30-03-2023 | 07:23:29
[Column] Gur Geva: Biometric attacks on the rise: the trends financial institutions need to be aware of in 2023
As governments and businesses continue to unlock new value and efficiency through digital services, one key challenge remains. Organisations need to be assured that the person on the other side of the screen is human, and are who they claim to be

30-03-2023 | 06:19:00
[Kenya] Retail store Carrefour introduces self-checkout service
Carrefour, one of Kenya’s most popular retail stores owned and operated by Majid Al Futtaim has launched a self-checkout service in its Nairobi Westgate Mall store.

30-03-2023 | 06:08:00
Payday secures $3M seed to power the future of work for Africa
Payday, a neobank issuing global (USD, EUR and GBP) accounts to Africans has raised $3M seed round to drive its expansion into Europe, North America and the rest of Africa.

30-03-2023 | 05:53:00
[South Africa] Corridor Africa Technologies Pledges Support for State-Planned Digital Infrastructure Company
Corridor Africa Technologies, a leading smart technology and solutions provider, has announced its commitment to supporting the state-planned digital infrastructure company in South Africa.

30-03-2023 | 05:47:00
[Kenya] Health-tech startup Zuri Health launches digital outpatient service for SMEs
Zuri Health, the Kenyan health-tech has launched a new digital outpatient service designed specifically for small and medium-sized enterprises (SMEs).


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