Money News - In Brief

Mergers, Acquisitions and Financial Results

- One of Nigeria’s leading banks, GTBank last week announced via Twitter that it has created a few additional Twitter handles to help deliver fast and efficient service to its customers. The three new Twitter handles would handle career-related opportunities (@gtbank_careers), card-related issues (@gtbank_cards) and transaction-related inquiries (@gtbank_help).

- Sonatel has reported that its Guinean subsidiary Orange Guinea posted revenue of XOF26.1 billion (USD48.4 million) in the first half of 2012, thanks to a 25% increase in its mobile subscriber base to 1.54 million. Average revenue per user (ARPU) soared 48.6% year-on-year to GNF44,250 (USD6.1) per month for the first six months of the year. The Guinean operator accounted for 8.1% of parent company Sonatel’s total revenue, and 70% of the group’s revenue growth. Orange Guinea has confirmed plans to launch Orange Money, a mobile payment service.

- Orange Madagascar and MFS Africa have announced the launch of online money transfer service Orange Money Transfer International in Madagascar