News update Telecoms and ICT in Africa - Issue no. 882 – 23 June 2017

Top Story

Nigeria’s VoguePay wants to capture the ECOWAS region with its payment processing service

23 June 2017

The African online and mobile payment processing space is becoming extremely crowded. The winners will be those that can deliver high volumes of transactions. So whatever the problems of the Nigerian economy has now, it would be sensible to be looking for long-term winners in that market. Russell Southwood spoke to one of the runners, Michael Simeon, Co-Founder and CEO, VoguePay. VoguePay is a payment processing company that can send and collect money from Africa: 95% of its business is B2C and 5% B2B. It has over 100,000 registered users and 50,000 active users. 80% of them are in Nigeria…

Telecoms

Liquid Telecom seeks billions more for SA, Africa expansion

23 June 2017

Liquid Telecom, which recently concluded the R6.5bn acquisition of Johannesburg-headquartered Neotel, is raising US$700m (about R9bn) in long-term debt as it eyes further investment in network infrastructure in South Africa…


Telecoms

MainOne's Submarine Cable Out for 14 Days

23 June 2017

MainOne, has announced that repairs on its submarine cable which suffered a major fault Sunday has commenced. However, the appealed for its customers' patience throughout the repair period which it…


Telecoms

Telkom Kenya expands newly launched 4G network to 19 more towns

23 June 2017

Telkom Kenya, the fixed and mobile operator which was sold by Orange Group to private equity firm Helios Investment Partners in June 2016, has expanded its recently launched LTE network…


Telecoms

Zimbabwe: Potraz reviews local data charges

23 June 2017

The Postal and Telecommunications Authority of Zimbabwe (Potraz) is evaluating local data charges and major cost drivers amid indications the cost of data in Zimbabwe is too high, reports the…


Telecoms

In brief

23 June 2017

Senegal’s Authority of Regulation of Telecommunications and Posts (L’Autorite de Regulation des Telecommunications et des Postes, ARTP) has reportedly granted three MVNO licences, following its public call for applications on…


Internet

Togo inaugurates its first IXP to reduce costs

23 June 2017

Togo has inaugurated its first point Internet Exchange (IXP) which should enable interconnect Internet providers (DO) in order to reduce the cost of internet connection. Reforms in the digital sector…


Computing

Code Week targets half a million Africans

23 June 2017

The 2017 edition of Africa Code Week officially kicked off yesterday (Monday 19 June) in Flic-En-Flac, Mauritius. Now in its third year, Africa Code Week aims to spread coding literacy…


Computing

South Africa: ICT Access for Offenders

23 June 2017

Pretoria — Life will never be the same again for the offenders at the Kgosi Mampuru Correctional Centre in Pretoria, thanks to the donation of 100 computers from the Department…


Money Transfer

Youtap Partners With Matchmove to Deliver Open-Loop Payments for Mobile Money Customers in Africa and Asia

23 June 2017

This partnership is in response to the growing demand for Mastercard companion cards connected with mobile money accounts globally Youtap, a global provider of contactless mobile money payments and financial…


Money Transfer

Nigerian Startup Partners With Mastercard To Make Cashless E-Commerce A Reality

23 June 2017

Nigerian fintech startup NetPlus has worked in partnership with global payments giant Mastercard to develop a cashless e-commerce solution that provides the Nigerian market with a safe, transparent and efficient…


Money Transfer

Why Somalia may be next goldmine for bold banks

23 June 2017

What comes into your mind when you hear Somalia mentioned? Al Shabaab? African Union? Famine? Pirates? KDF? However negative it is, you are not to blame. Somalia hasn’t attracted good…


Money Transfer

How birth of M-Pesa sealed Orange Telkom’s fate

23 June 2017

Helios Investment Partners, the biggest stock holders in Telkom Kenya, have rolled up their sleeves and hope their recently unveiled turn-around plan will awaken the sleeping giant. The London-headquartered private…


Mergers, Acquisitions and Financial Results

Banks take over Etisalat over $1.2 billion debt

23 June 2017

Lending bankers have taken over telecommunications company Etisalat and subsequently announced changes in the shareholding structure of the company. Access Bank Plc and other Nigerian banks eventually took over the…


Mergers, Acquisitions and Financial Results

Blue Label confident of Cell C deal in August

23 June 2017

Blue Label plans to acquire 45% of Cell C for R5.5 billion. Blue Label Telecoms is looking to finalise the Cell C recapitalisation deal in August. In a statement issued…


Mergers, Acquisitions and Financial Results

Cell C could hand debt to special purpose vehicles - report

23 June 2017

South African operator Cell C is seeking to cut its debt by 73 percent as part of a deal to help it sell a stake to Blue Label Telecoms while…


Mergers, Acquisitions and Financial Results

Telecom Egypt to secure $720.2 mln loan to develop services

23 June 2017

Egypt's state-owned landline monopoly Telecom Egypt will secure a loan of up to 13 billion Egyptian pounds ($720.22 million) to improve infrastructure and mobile internet services, Chief Executive Ahmed El…


Mergers, Acquisitions and Financial Results

FinTech companies take on banks, telcos with Big Data arsenal

23 June 2017

Google, Apple, Facebook, and Amazon have all gone into the digital payments game. As have China’s Alibaba and WeChat. Developing markets such as Kenya do not yet have the levels…


Digital Content

Twitter eyes SA growth with Lite app

23 June 2017

Cape Town - Twitter is eyeing its Lite application to grow in South Africa to mitigate the cost of data. In an exclusive interview with Fin24, Twitter senior director Barry…


Digital Content

Ghana’s Asoriba streamlines church administration across Africa

23 June 2017

When it comes to finding niches, Ghanaian startup Asoriba has really hit the nail on the head. Especially as the gap its solution fills is actually a gaping hole. Typically,…


Digital Content

South Africa’s Uk’shona Kwelanga is the country’s first ever WhatsApp drama series

23 June 2017

Uk’shona Kwelanga is South Africa’s first ever drama series to be distributed exclusively via WhatsApp. The drama series is created in partnership with South African insurance company, Sanlam. The series…


Digital Content

Facebook celebrates MENA winners of First Bots for Messenger Developer Challenge

23 June 2017

Facebook (www.Facebook.com) selected 3 winners from the Middle East and North Africa (MENA) from 60 finalists as part of the first-ever Bots for Messenger Developer Challenge (https://MessengerChallenge.splashthat.com). The Bots for…


Digital Content

SA rallies against high data costs with #SocialMediaBlackout

23 June 2017

Johannesburg - South African social media users are set to boycott using data services on Wednesday, after a call to action on Twitter, with the #SocialMediaBlackout campaign trending on Tuesday.…


More

People

23 June 2017

MTN South Africa makes 5 executive appointments MTN South Africa has strengthened its executive team by appointing five new members in a bid to enhance operational efficiency and provide more…


More

Opportunities

23 June 2017

3 African startups win development prize Uganda’s BarefootLaw, Ghana’s Farmerline and Kenya’s Kytabu have been named winners of the King Baudouin African Development Prize, taking home EUR75,000 (US$84,000) each in…


More

Events

23 June 2017

Information Technology Innovations For Economic Diversification: The Role of Youths 3rd - 7th July 2017University of Uyo, Uyo, Akwa Ibom State The National Conference is an annual event that bring…