Tech news North Africa
Egypt’s Largest Banks Join Forces to Launch New $85M Fintech Fund
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This Nigerian Fintech Unicorn is Taking Egypt by Storm
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Could Vodacom Unseat Rival MTN After These 2 Massive Acquisitions?
Image sourced from SABC News. Vodacom South Africa has announced two major acquisitions today – the buying of a 55% controlling stake in Vodafone Egypt, the North African country’s largest telecom, and a major move in SA’s local fibre market through a new deal with Vumatel and Dark Fibre Africa (DFA) that will see a co-controlling interest in the hands of Vodacom. Currently the third-largest telecom company in Africa, these two acquisitions better position Vodacom to unseat long-time rival MTN as Africa’s top telecom. The Vodafone Egypt Deal Vodacom Group South Africa is reportedly entering the North Africa market for the first time ever after announcing that it will seek to acquire Vodafone Egypt from Vodafone Group for $2.7-billion. Vodafone Group, a UK-based mega-corp, is the parent com...
QNB is Accepting Mastercard-branded Payment Cards in Sudan
QNB Group has become the first bank in Sudan to have successfully performed an international payment card transaction in partnership with Mastercard. The transaction was performed using a Mastercard virtual prepaid card product. QNB is also the first Bank in Sudan to have obtained an issuance license from Mastercard. The first successful international prepaid card transaction was performed on 14 June 2020 and it marks an important and historic milestone for QNB and Mastercard’s strategic plans in Sudan and across Africa. Through this partnership, QNB will issue and accept the Mastercard-branded payment cards in Sudan, allowing more people and businesses across the country to enjoy more convenient, secure and easy to use ways to pay locally and globally. The QNB Mastercard product is a secu...
