Connecting Africa

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South Africa's ARC invests $16.75M into Rain, TymeBank

African Rainbow Capital has invested an additional R126 million (US$7.15 million) into South African mobile network Rain and R169 million ($9.6 million) into digital bank TymeBank.

Exclusive: Vodacom launches first MVNO, in-house MVNE service

Vodacom has officially activated its first mobile virtual network operator (MVNO) in South Africa – Mr Price Mobile – and has created its own mobile virtual network enabler (MVNE) platform. Shenge Buthelezi, managing executive of wholesale at Vodacom South Africa, shared the news exclusively with Connecting Africa.

Omdia View: August 2024

August 2024's telecom highlights in the Middle East and Africa included a satellite deal between Eutelsat Group and Bayobab, the sale of MTN Guinea-Bissau to Telecel, and the sale of a 60% stake in Uganda's Utel to Rowad Capital Commercial.

Cell C plans to claw back market share in South Africa

Cell C CEO Jorge Mendes sat down with Connecting Africa to talk about the company's turnaround strategy and his plans to grow the embattled mobile operator's market share in South Africa through new pricing and product strategies and by changing perceptions about poor network quality.

SA financial services execs look to AI for real-time insights

A new research report from ActiveOps suggests that South African financial services companies are behind the curve when it comes to artificial intelligence (AI) implementation and the majority are using old data to drive business insights which is inhibiting their potential.

GSMA appoints Vivek Badrinath as new director general

The GSM Association (GSMA) has announced the appointment of Vivek Badrinath as its new director general, replacing Mats Granryd who plans to step down from the role next year.

MTN board backs CEO Ralph Mupita amid favoritism allegations

Pan-African operator MTN Group has come out in support of Group President and CEO Ralph Mupita after favoritism allegations surfaced in the media. MTN said that an independent investigation into an anonymous complaint found no evidence of improper conduct.

Hot startup of the month: Nigeria's Tyms

Connecting Africa's hot startup of the month is Nigeria's Tyms, which has built an artificial-intelligence-powered finance and accounting automation software system for CFOs, accountants, bookkeepers and business owners.

Headwinds hit South Africa's Blue Label Telecoms

South Africa's Blue Label Telecoms once again published a mixed set of financial results, although some parts of the business are doing well, it reported profit declines for the year ended May 31, 2024.

MTN's Guinea-Bissau, Guinea-Conakry exits explained

MTN Group President and CEO, Ralph Mupita, has explained the operator's disposal strategy for its operations in Guinea-Bissau and Guinea-Conakry saying the operations are 'subscale' and unable to fund their own growth.

Connecting Africa Podcast: S3 Ep. 5 - Revolutionizing healthcare access

On this episode, medical doctor, health economist and Wellahealth Founder and CEO Dr. Ikpeme Neto, joins the podcast to speak about how tech-enabled health services and micro-insurance are helping to improve healthcare for Africa's underserved populations.

Raxio inaugurates $30M DRC data center

Data center operator Raxio Group has inaugurated a new data center in the Democratic Republic of the Congo (DRC), its fourth in Africa.

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South Africa intensifies rollout of EV charging stations

South Africa is intensifying the rollout of electric vehicle (EV) charging stations, with state-owned power utility Eskom now joining the framework.

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Airtel Africa unveils $500K fellowship program in Tanzania

Pan-African operator Airtel Africa has launched its 'Airtel Africa Fellowship Program' for undergraduate students at the Indian Institute of Technology (IIT) Madras in Zanzibar, Tanzania.

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