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News and Press Releases from Africa’s leading companies

O-CITY is driving contactless payments across bus services in Nairobi, Kenya. The pilot initiatve, designed to reduce the use of cash in response to the COVID-19 pandemic, was launched in partnership with transport savings and credit specialists, NikoDigi, and Kenyan payments firm, Tracom, to accelerate the deployment of cashless...
aYo Holdings has appointed Marius Botha as its new group chief executive officer (CEO). The African micro-insurance fintech business is a joint venture between telecommunication giant MTN and traditional insurer Momentum Metropolitan Holdings (MMH) - and it offers accidental hospital cover and life cover in Zambia, Uganda and Ghana...
Senators in Kenya believe that Safaricom should split into two firms - Mobile Services and M-PESA. According to The Star, a split would see the mobile telephony service is regulated by the Communication Authority of Kenya (CAK) and the M-Pesa division regulated by the Central Bank of Kenya (CBK). A recent report...
DStv has opened a Customer Experience Centre - the first-of-its-kind concept store for the video entertainment platform. Located in the Mall of the North, the centre occupies 669 square metres over two floors and is expected to bring together the best "digital and physical shopping experience". Customers can access a variety...
Safaricom has announced a number of changes to its executive team which includes the merge of its information technology and network departments. According to a memo sent to staff by Peter Ndegwa, the telco's current CEO, Morten Bangsgaard will head the new department. Bangsgaard’s appointment takes effect on January 1,...
Infobip has announced that it has entered into a definitive agreement with Amdocs to acquire OpenMarket - a mobile messaging solutions company - in a deal worth approximately $300 million. The transaction is expected to close following regulatory approvals. According to Infobip, this acquisition brings together complementary regional footprints, merging...
e4 has announced the appointment of Ian Bayne as Managing Executive of Proptech - this comes at a time the company believes the real estate sector will increase its use of digital property technologies. According to Bayne, technology is not only disrupting the industry but also propelling the industry forward. “Proptech...
FNB Card CEO, Chris Labuschagne has revealed that the bank will delay the launch of its virtual credit cards until 2021 - a strategic move that is said to "ensure that the launch process goes as smoothly as possible for its customers". “FNB is excited to confirm that it has...
Huawei has joined forces with South African business extraordinaire Vusi Thembekwayo to provide the technology company’s developer community with entrepreneurial advice on the importance of digitalising businesses and creating apps in the context of the thriving digital economy.  As part of Huawei’s recently announced series of app developer workshops, Thembekwayo...
Ericsson has completed its acquisition of Cradlepoint, a Wireless WAN Edge 4G and 5G solutions company. The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G enterprise space. Through Cradlepoint’s solutions, companies can connect sites, vehicles, mobile workforces, and IoT devices in a...
Mastercard and Payment24 have partnered to offer a payment solution that will help fleet management companies streamline payments, create efficiencies and prevent fraud. Payment24’s platform will use Mastercard’s payment technology which is expected to enable drivers to quickly and seamlessly make fuel payments anywhere Mastercard is accepted, without requiring additional...
Huawei and Ghana's Ministry of Communications have launched the Rural Telephony Project which aims to provide voice and data services for over 3.4 million people in underserved and unserved communities. This initiative, in partnership with China National Technical, is expected to save the government up to 70% of the cost of...
Technology is transforming the way people shop, bank and travel, and perhaps one of its next big challenges is to make major inroads into how they receive healthcare. But reports on progress in the area of healthcare and technology uptake are conflicting. According to global consultants McKinsey, based on their...
Networks Unlimited Africa, a leading value-added distributor operating within sub-Saharan Africa, received two awards, namely the Technical Support Distributor of the Year: Southern Africa award and the DLB Growth Distributor of the Year: East Africa award at the recent Fortinet Africa Virtual Security Day. This was the first time that...
Amazon, Facebook and Microsoft revenue grew by 35%, 17% and 13% respectively during the first nine months of 2020. On the other hand, Alphabet’s (Google) revenue increased by 9% and Apple’s revenue was up by 4% during the same period. According to the research data analyzed and published by Comprar...
Mastercard has officially launched Cyber Secure - an AI-powered range of tools that are expected to help banks prevent potential breaches. According to the financial services company, banks can use these capabilities to identify and prioritize threats and vulnerabilities throughout their cyber environment. Additionally, acquiring banks can help merchants understand...
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