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Business of Tech

Content tagged with Business of Tech

posted in January 2023
31 items
Egypt acquisition boosts Vodacom quarterly revenue
  • Paula Gilbert
Vodacom is already seeing an earnings boost from its December acquisition of a 55% stake in Vodafone Egypt, reporting double-digit Group revenue growth for the third quarter.
MTN CEO calls for modernized regulations
  • Paula Gilbert
MTN Group CEO, Ralph Mupita, has called for modernization and harmonization of Africa's telecoms regulations to move beyond the era of voice.
12 more Kenyan digital lenders get licenses
  • Matshepo Sehloho
The Central Bank of Kenya has licensed a further 12 digital lenders, bringing the total number of licensed Digital Credit Providers (DCPs) in the country to just 22.
Uber restarts Tanzanian engines
  • Matshepo Sehloho
Ride-hailing platform Uber has reinstated its services in Tanzania after the country's regulator backtracked on a 15% commission cap it had put in place in March 2022.
Cloud costs
  • Flash Poll
How much will your company spend on cloud services in 2023?
Elon Musk's Starlink to enter Kenyan market
  • Matshepo Sehloho
SpaceX's satellite Internet company, Starlink, has announced that it will launch in Kenya in the second quarter of 2023, pending regulatory approval.
Raxio building data center in Angola
  • Connecting Africa News
Pan-African data center developer and operator Raxio Group continues with its African expansion, announcing a new investment in Angola.
MTN Ghana vows to fight hefty back taxes bill
  • Matshepo Sehloho
MTN Ghana has vowed to contest a hefty tax bill imposed by the Ghana Revenue Authority for alleged outstanding tax obligations over a four-year period.
Telecom Egypt, Huawei unveil eco-friendly tower
  • Connecting Africa News
Telecom Egypt has become the first operator in Africa to roll out an eco-friendly wireless network tower made of fiber-reinforced polymer, in partnership with Huawei.
Kenya High Court suspends mobile money fees
  • Matshepo Sehloho
The Kenyan High Court has suspended charges for sending money between mobile money wallets and bank accounts pending the determination of a consumer rights lawsuit.
Djibouti to build $1B spaceport
  • Matshepo Sehloho
Djibouti and Hong Kong Aerospace Technology Group (HKATG) plan to develop an international commercial spaceport that will cost US$1 billion.
Telkom SA hangs up on Rain merger
  • Paula Gilbert
Discussions over a possible merger between South African mobile operators Telkom SA and Rain have been called off.
Zimbabwe's rail fiber optic project kicks off
  • Matshepo Sehloho
Dark Fiber Africa (DFA) and Bandwidth and Cloud Services Group (BCS) have completed the first stage of their long-haul fiber backbone project running along Zimbabwean rail tracks.
MTN MoMo to offer personal loans in SA
  • Paula Gilbert
MTN Mobile Money (MoMo) is offering personal loans in South Africa of up to R180,000 (US$10,540) as it moves to meet a rising demand for mobile fintech services on the continent.


Innovation hub

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Hot startup of the month: Kenya's Ketha Africa

Connecting Africa's hot startup this month is Ketha Africa, a Kenya-based agrifin platform that seeks to automate agriculture ecosystems by connecting the value chain actors and providing a robust network to ensure the security of transactions.

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Four agritech startups to watch in 2024

Connecting Africa has compiled a list of four agritech startups that are making a difference in the communities they serve.

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Africa Tech Festival 2024
November 11-14, 2024
Cape Town, South Africa
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Africa Tech Perspectives

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Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.

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The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.

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Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

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Guest Perspectives

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Omdia View: February 2024

By Omdia Analysts

Highlights in February 2024 in the Middle East and Africa included 5G launches in Senegal and 5G trials in Egypt as well as Kenya's first 5G MVNO. Airtel also launched a new wholesale connectivity business while MTN and Huawei are planning a joint Innovation Technology Lab in South Africa – that and more in this month's Omdia View.

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Omdia View: January 2024

By Omdia Analysts

Highlights in January 2024 in the Middle East and Africa included a $200 million fintech deal between MTN and Mastercard as well as 5G network trials by Telecom Egypt – that and more in this month's Omdia View.

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