MultiChoice ups its stake in BetKing to 49% after injecting US$321m

SOUTH AFRICA – Entertainment company MultiChoice, has increased its stake in Pan-African online sports betting company BetKing to 49%, a move the pay-TV giant says is in line with its strategy to expand its entertainment ecosystem and develop meaningful drivers of future value. The company announced that through its wholly owned subsidiary, Mwendo Holdings, it will invest US$321 million in BetKing to increase its shareholding. However, the deal is subject to MultiChoice securing debt funding to finance the transaction. In 2021, MultiChoice initially invested US$95 million in BetKing for a 20% stake, as the pay-TV group…

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Mondia Pay partners M-Pesa to increase access to digital entertainment

TANZANIA – Mondia Pay, a digital payment entity and M-Pesa, a fintech platform, have partnered to allow Tanzanians to conveniently access Mondia’s leading suite of online content on the Vodacom Tanzania PLC digital services network. Currently, over 7 Million Vodacom Tanzania customers are using Valued Added Services (VAS) and digital services, can make use of their airtime balances via SMS and USSD to subscribe to Mondia digital services including PlayInc., MyMuze, Vodacom Premier league, as well as many other news and entertainment services. “The future of fintech is going to…

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