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Hot startup of the month: Nigeria's Tech Herfrica

Connecting Africa's hot startup is Nigeria's Tech Herfrica, a social impact organization that focuses on the digital and financial inclusion of women and girls in rural areas of Nigeria.

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Interview: JUMO's Joe Mucheru on AI's role in fintech

JUMO President Joe Mucheru joined Connecting Africa Editor Paula Gilbert for a video interview to talk about the fintech company's work across Africa and how it's using artificial intelligence (AI) to provide credit to millions of Africans.

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Actis sells South African fiber operator Octotel

Global private equity firm Actis has sold South African fiber network operator Octotel to a consortium led by African Infrastructure Investment Managers (AIIM).

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Africa to lead MFS growth in next five years – Ericsson and Juniper Research

A new report from Ericsson and Juniper Research predicts that almost half of all African mobile subscribers will use mobile financial services (MFS) by 2029 and African MFS transaction values will grow by 114% in the next five years.

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Spotlight: Four women playing pivotal role in African telcos

Connecting Africa has compiled a list of four African women playing a pivotal role in the African telecommunication ecosystem.

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The impact of currency weaknesses on the African ICT market

During 2023, nearly half of all African countries experienced either currency weakness or volatility which has impacted the local telecoms and ICT market. Analyst Francis Hook gives his views on this trend and how to mitigate risks going forward.

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MTN grows revenue, but naira slump pulls profit down

Pan-African telecoms operator MTN Group has reported a major drop in full-year profit as a sharp devaluation in the Nigerian naira pushed down the group's results.

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Hormuud Telecom launches 5G in Somalia

Somali telecommunications operator Hormuud Telecom has launched its fifth-generation (5G) network in key locations in the East African country.

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Telkom South Africa sells its tower business for $357M

Telkom South Africa has sold its masts and towers subsidiary, Swiftnet, to a consortium of equity investors for about US$357 million.

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South Africa key to Mimecast's business strategy – new CEO

South Africa remains a key pillar for email security company Mimecast's business strategy, according to new CEO Marc van Zadelhoff, who told Connecting Africa that Mimecast plans to further expand its operations across Africa and hire more local talent.

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Vodacom to cut jobs in South Africa

Pan-African operator Vodacom is planning to cut jobs in its biggest market, South Africa, to reduce costs.

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West Africa has become mobile money powerhouse – GSMA

The GSMA's new 2024 State of the Industry Report on Mobile Money shows that in 2023, over a third of new mobile money accounts globally were from West Africa and the region has doubled its overall number of mobile money accounts over the past ten years.

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Innovation hub

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Hot startup of the month: Nigeria's Tech Herfrica

Connecting Africa's hot startup is Nigeria's Tech Herfrica, a social impact organization that focuses on the digital and financial inclusion of women and girls in rural areas of Nigeria.

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Omdia View: February 2024

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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Upcoming events

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.

Story

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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