Tag: Telecoms and ICT

Telkom Kenya creates new subsidiaries to enhance service delivery

Frank

KENYA – Integrated telecommunications provider Telkom Kenya, has created two wholly-owned subsidiaries to house its Digital and Financial Services business to enhance service delivery. In a press statement, the firm said the Consumer Service Delivery Unit would remain within Telkom Kenya, insisting that this re-organization of its business will not result in any loss of jobs. The Digital Subsidiary will offer Data Centre Services, Cloud, Managed Services, Connectivity, Broadband, Carrier-to-Carrier traffic, and Backbone Infrastructure. In August 2020, Telkom Kenya began re-organizing its business structure to accommodate the ongoing digital transformation in…

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MTN posts strong Q1 results looks to sell towers in South Africa

Frank

SOUTH AFRICA – Mobile telecommunication giant MTN, has reported stellar results during the first quarter of 2021, boosted  by its South African operations, growth in data as well as fintech services. The mobile operator announced a strong and resilient operational and financial performance in the first quarter of 2021, with growth in service revenue exceeding medium-term guidance, driven by gains in data and fintech revenue. In a statement announcing the results to shareholders, MTN also said it is looking to conclude the sale of its tower infrastructure in South Africa…

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MTN Rwanda sets up mobile money unit, appoints Chantal Kagame as its first head

Frank

RWANDA – Telecommunication company MTN Rwandacell Plc. (“MTN Rwanda”), has announced that it has received approval from the National Bank of Rwanda to set up its fintech subsidiary, Mobile Money Rwanda Ltd, to provide and manage mobile money services. The telecom giant has appointed Chantal Kagame as its Chief Executive Officer to drive business development, strategy, innovation, and day to day operations of the company. The setting up of Mobile Money Rwanda Ltd is in line with MTN Rwanda’s strategy to lead digital solutions while contributing to the national economic strategy…

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Global ICT solutions company Echo International debuts in Kenya

Frank

KENYA – Global ICT solutions company Echo International has launched into the Kenyan market through its local subsidiary Echo Kenya, as it seeks to tap into the country’s vast ICT ecosystem. The firm will offer cloud-based, ICT solutions with a focus on building partnerships with corporates, enterprises, and multinational enterprises who seek to delve into the digital space. Through these partnerships, Echo will help its clients seize new opportunities through selection and implementation of the relevant technology to optimise their workforces and other resources in the now changing world of…

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Hormuud Telecom unveils mobile money service in Somalia

Frank

SOMALIA – Telecommunication company Hormuud Telecom, has launched the country’s first native mobile money app, WAAFI. The mobile money app will be available to customers across the country, providing access to a variety of digital resources and allow citizens to make in-country bank transfers using their phones, which is a first in Somalia. “Somalia is a one-of-a-kind example of a country where digital adoption is widespread across all age groups and demographics,” said Ahmed Mohammed Yuusuf Hormuud’s CEO and chairman. “We are continuing to see a move towards a position…

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Luxemburg’s Millicom International Cellular SA divests its African business

Frank

AFRICA – Millicom International Cellular SA, an international telecommunications and media company headquartered in Luxemburg- Millicom International Cellular which operates the Tigo brand, has announced a complete exit from the African market. The company said it wants to fulfil its strategy to focus solely on its Latin America operations, including in Bolivia, Colombia, and Paraguay. The telco has since signed agreements for sale of its operations in Tanzania and its stake in the AirtelTigo joint venture in Ghana. In Tanzania, Millicom has agreed to sell its entire operations to a…

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Tech infrastructure firm icolo.io installs a hybrid solar system in Kenya

Frank

KENYA – African technology infrastructure company icolo.io, has announced an introduction of their hybrid solar products in the Kenyan market. Currently, Kenya’s energy grid is more than 75 per cent renewable, making it one of the most renewable grids in the world and icolo.io continues its commitment to the sustainability of the  industry with the implementation of solar energy systems at their Nairobi and Mombasa data centres. “One of our greatest natural resources in Africa is the sun and our investment in solar is a strategic part of our global…

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Fiber network operator MetroFibre snaps up Link Africa’s home fiber network

Frank

SOUTH AFRICA – Fiber network operator MetroFibre, which recently concluded a US$176 million debt funding round, has said that it is buying Link Africa’s fiber-to-the-home network in Gauteng and KwaZulu-Natal, South Africa. The deal, the value of which has not been disclosed, is effective from 1 April, with a “transition period” that is expected to be completed by the end of June 2021, MetroFibre said in a statement. The deal effectively means the company now has an additional 10,000 homes passed with fibre-optic infrastructure. “At the close of the deal, MetroFibre…

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Axian Group led consortium signs an agreement to acquire Millicom telecom’s operations in Tanzania

Frank

TANZANIA – A consortium led by Pan- African group Axian, has signed an agreement with Millicom, an international telecommunications and media company, regarding the sale of its shares in Tigo Tanzania and Zantel in Zanzibar. The completion of the transaction is subject to customary closing conditions and regulatory approvals. The Axian-led alliance brings together distinguished experts in mobile communications, who have created and developed industry-leading brands in the Indian Ocean, Africa. Axian Group is a recognized pan-African infrastructures and services champion with strong entrepreneurial values and culture, focusing on long-term…

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Bharti Airtel in a major reorganization, splits Indian business into four units

Frank

WORLD – Telecommunication giant Bharti Airtel, which owns mobile operations in Africa as well as India and Sri Lanka, has announced plans to split its business into four separate units. Operations such as Airtel Africa, Bharti Airtel Lanka in Sri Lanka, and Indus Towers in India will continue to operate as separate entities, as will for now, the group’s Indian direct-to-home (DTH) satellite business, Bharti Telemedia. Sunil Bharti Mittal, chairman of Bharti Airtel, said: “The new structure sets the exciting future course for Bharti Airtel and puts focus on four…

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