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FinTech

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MTN offered $35M for Afghanistan operation
  • Paula Gilbert
MTN group has received a binding offer for 100% of MTN Afghanistan as it continues with plans to completely exit the Middle East and focus on its pan-African footprint.
SA government launches app to tackle potholes
  • Matshepo Sehloho
South African transport minister Fikile Mbalula in partnership with the South African National Roads Agency (SANRAL) has launched an app to get rid of potholes.
Major data boom for MTN Ghana
  • Paula Gilbert
MTN has seen huge data growth from its customers in Ghana with data traffic up 52% in the first six months of the year and data revenue almost 50% higher than last year.
Safaricom wants Kenya to be a digital talent hub
  • Matshepo Sehloho
Kenyan operator Safaricom has launched a Digital Talent Program and is teaching kids to code through the M-Pesa app, as it aims to create a sustainable digital talent pipeline.
Omdia View: June 2022
  • Guest Perspectives
5G was the major news trend across Africa in June, as Orange became the first operator to launch 5G in Réunion and operators in Senegal accelerated their 5G plans despite spectrum delays.
Vodacom reports 'resilient' quarterly growth
  • Paula Gilbert
Vodacom Group has reported solid quarterly revenue growth on the back of a resilient performance in South Africa and good data revenue growth in its international markets.
Pesapal gets green light to operate in Uganda
  • Matshepo Sehloho
Kenyan digital payments startup Pesapal, has been granted an operating license in Uganda to provide mobile cashless transactions in the East African country.
SA govt launches DigiTech "app store" for SMMEs
  • Matshepo Sehloho
South African Communications and Digital Technologies Minister, Khumbudzo Ntshavheni, has introduced a new tech platform aimed at selling South African digital apps.
SA agri-tech Nile gets $2.5M investment from Naspers
  • Matshepo Sehloho
Naspers, through its early-stage tech investment vehicle Naspers Foundry, has invested in agri-tech company, Nile, that connects farmers to buyers of fresh produce across Southern Africa.
Omdia View: April 2022
  • Guest Perspectives
This month's Omdia View highlights indicate a shift to digital transformation and operational consolidation to maximize return on investments.
Vodacom wants 75M fintech customers by 2025
  • Paula Gilbert
Vodacom's financial services business has become integral to the telco's business model and it plans to increase its fintech customers base to 75 million by 2025.
Safaricom promises Ethiopia launch this year
  • Paula Gilbert
Kenya's Safaricom says it is making good progress with plans to launch a network in Ethiopia, noting it will begin commercial operations by the end of 2022.
MTN sees fintech flourish in Nigeria
  • Paula Gilbert
MTN Nigeria's fintech subscribers grew 135.2% year-on-year, to 10.7 million, as it plans to launch a mobile money payment service bank.
Hot startup of the month: Ghana's Float
  • Tom Jackson
This month's hot startup is fintech company Float, which helps small businesses to manage and monitor their cash flow in real time, make supplier payments and access instant credit for critical business expenses.
Telkom SA prepares for mobile commerce boom
  • Paula Gilbert
Execs from Telkom South Africa discuss the growth in mobile commerce in Africa and how telcos are using digital channels to both improve customer experience and increase sales.
Africa accelerated mobile money growth in 2021
  • Paula Gilbert
Mobile money transaction values grew 39% in Africa in 2021 to US$701.4B – making up about 70% of global transaction values which hit over $1T for the first time.
MTN fintech users grow as spinoff looms
  • Paula Gilbert
MTN's fintech and data revenues saw double digit growth in 2021 as the pan-African telco moves forward with plans to spin off its fintech business.
Orange Africa growth story continues
  • Paula Gilbert
French operator Orange's operations in Africa and the Middle East continued to be its strongest growth region with revenue rising almost 11% in 2021.
MTN Nigeria earnings soar in 2021
  • Paula Gilbert
MTN Nigeria's profit-after-tax rose over 45% in 2021, despite the telco losing 8 million subscribers due to regulatory restrictions on SIM sales.
ATF 2021: Fintech futures and redefining banking
  • Connecting Africa Video
During a panel discussion at 2021 Africa Tech Festival experts spoke about Africa's fintech future and how financial institutions and fintech startups can reframe competition as collaboration to redefine banking.
Hot startup of the month: Morocco's Chari
  • Tom Jackson
Morocco's B2B e-commerce app, Chari, is allowing store owners to order anything they need for their stores and get it delivered in less than 24 hours.
ATF 2021: New models for African telecoms
  • Connecting Africa Video
During a panel discussion at the 2021 Africa Tech Festival, experts spoke about how African telecoms operators are diversifying and finding new models for success.
ATF 2021: The rise of African super apps
  • Connecting Africa Video
This panel discussion at Africa Tech Festival 2021 covers the rise in popularity of super apps in Africa with representatives from Safaricom, Gozem and Vodacom.
African startups raise almost $4B in 2021
  • Paula Gilbert
Africa's startup ecosystem raised almost $4 billion in 2021 according to startups deals database Africa: The Big Deal – with Nigeria, South Africa, Egypt and Kenya taking the lion's share.
Airtel launches Africa developer portal
  • Connecting Africa News
Airtel Money has launched the Airtel Africa Developer Portal which will let businesses and app developers integrate remote payments with Airtel Money wallets.
Vodacom customers grow as new service offerings deliver
  • Paula Gilbert
The Vodacom group now has almost 130 million customers across six markets in Africa and is seeing good growth from its 'new service offerings' like financial and digital services, which are diversifying revenue streams.
Comment: Smartcash - UberDOST8022 - 11/12/2021
M-Pesa remains apple of Safaricom's eye
  • Paula Gilbert
M-Pesa remains a cash cow for Kenya's Safaricom with M-Pesa revenue growing 45.8% year-on-year for the first six months of the financial year.
Connecting Africa Podcast: Ep. 6 – Rise of the super app
  • Paula Gilbert
This week the team discusses the rising trend of super apps in Africa with Gozem Co-Founder Raphael Dana, who gives us the backstory to the platform, which has become an integrated app for on-demand transportation, delivery and cashless payment solutions.
Vodacom launches VodaPay 'super app'
  • Paula Gilbert
Vodacom's long awaited 'super app' VodaPay is now officially live in South Africa and has ambitious goals to boost financial and digital inclusion.
Omdia View: September 2021
  • Guest Perspectives
This month's Omdia View covers Africell's Ugandan exit and MTC's Namibian stock exchange IPO; as well as Netflix's free Kenyan offering and a new broadband service in SA from Multichoice and MTN.
Connecting Africa Podcast: Ep. 1 – Creating a fintech giant
  • Paula Gilbert
The pilot episode of the new Connecting Africa Podcast covers fintech and mobile money in Africa, the rise of the African 'Super App' and the evolution of mobile financial services, as well as crypto currencies on the continent.
Chipper Cash launches in SA
  • Paula Gilbert
African fintech startup, Chipper Cash, has made South Africa its seventh African country, with more expansions planned soon.
M-Pesa tops 50M users
  • Connecting Africa News
Mobile money pioneer reaches a major milestone of 50 million monthly active customers, doubling users over the past five years.
Research Bites: Blockchain potential for SA agriculture
  • Guest Perspectives
This article, in collaboration with the African Journal of Science, Technology, Innovation and Development explores how blockchain can be used in the agricultural sector to help improve production and distribution processes.
Omdia View: July 2021
  • Guest Perspectives
5G was a major focus this month with 5G licenses awarded in Mauritius and public consultation on 5G spectrum launched in Zambia – Omdia's analysts provide context and analysis on these developments.
Mobile tech helps drive e-commerce in Central Africa
  • Paula Gilbert
Mobile technology is a key driver of e-commerce, with potential for significant social and economic benefits for Central Africa, says the UN Economic Commission for Africa and the GSMA.
Omdia View: June 2021
  • Guest Perspectives
This month, Omdia's analysts provide context and analysis about Nigeria's Twitter ban, the privatization of Ethio Telecom and Vivendi's fiber plans in Burkina Faso.
Comment: Great - eatinbox - 7/3/2021
Safaricom launches M-Pesa 'super app'
  • Paula Gilbert
Safaricom has launched its long-awaited M-Pesa 'super app' with new features like offline mode as well as mini-apps within the app.
Hot startup of the month: Nigeria's Bankly
  • Tom Jackson
Nigerian startup Bankly is digitizing cash for people who work in the informal sector and helping unbanked Nigerians save money, invest and gain access to credit and other financial services.
Interview: Nir Kshetri on cybersecurity in Africa
  • Connecting Africa Video
Ahead of North Africa Com 2021 Emily Parrett sat down with Professor Nir Kshetri to discuss increased cybersecurity risks amid digital transformation in emerging economies.
East Africa Com 2021: Ethiopia deep dive
  • Connecting Africa Video
A fireside chat at East Africa Com 2021 revealed some key details about Ethiopia's telecoms liberalization and the issuing of two new licenses in the country.
Comment: Comment - [email protected] - 5/10/2021


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Google's Equiano subsea cable lands on SA shores

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Women in Tech: Spotlight on legal tech with Life.file's Sinal Govender

Life.file co-founder, Sinal Govender, talks to Connecting Africa as part of our Women's Month series about her career and how we can encourage more young girls to enter the legal tech field.

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Women in Tech: Spotlight on inclusivity with Digital Council Africa's Juanita Clark

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Women in Tech: Spotlight on legal tech with Life.file's Sinal Govender

Life.file co-founder, Sinal Govender, talks to Connecting Africa as part of our Women's Month series about her career and how we can encourage more young girls to enter the legal tech field.

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Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

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Partner perspectives

5G is lighting up the future of North Africa
By Chris Meng, VP of Huawei Northern Africa Carrier Business Department

The moving target that is telecoms fraud
By Clémentine Fournier, Regional VP Sales, Africa, BICS

How mobile operators in Africa can address signalling threats and secure the network
By Katia Gonzalez, Head of Fraud and Security at BICS

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Omdia View: June 2022

By Omdia Analysts

5G was the major news trend across Africa in June, as Orange became the first operator to launch 5G in Réunion and operators in Senegal accelerated their 5G plans despite spectrum delays.

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Omdia View: May 2022

By Omdia Analysts

SpaceX-owned Starlink's plans to launch a satellite broadband service in Africa was a major highlight in May 2022, says Omdia's analysts.

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The path to sustainable development requires green energy. Governments are looking at potential policy approaches to make green energy more widely available and affordable. Without sustainable energy, there will be no digital transformation and no chance of making Africa more economically competitive in the post-pandemic era.

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