west africa tech
Binance Goes on a Crypto Education Tour Across Francophone Africa
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MTN Nigeria Posts Latest Results, Sees Massive Fintech Boom
MTN Nigeria has today announced its unaudited results for the half-year ended 30 June 2022. The company, an arm of MTN Group, considered Africa’s largest telecom in terms of subscribers and revenue, continues to report positive growth, particularly in its fintech wing. The half year saw MTN Nigeria’s active fintech subscribers grow by 87.3% to 11.5-million, including the registration of 4.2-million MoMo wallets since the launch of the fintech PSB on 19 May of this year. A massive gain for the business that was affected by a series of shady bank transfers in the country in June. Across the board, MTN Nigeria reported positive results with a 7.6% increase in mobile subscribers to an enormous 74.1-million, adding 5.7-million in the quarter alone. Active data users also increased by 13.2% to 3...
Airtel Africa Wants to Get Rid of its Towers to Cut Costs
Sourced from Comms MEA Pan-African telecommunications firm Airtel Africa has reportedly stopped investing in new tower infrastructure in Kenya, and other markets across the continent, as it prepares to sell most of its already-existing infrastructure assets. This is in efforts to reduce ownership of infrastructure as Airtel Africa looks towards leasing instead, according to Business Daily Africa. The International Finance Corporation (IFC), which is funding Airtel Africa, stated in an investment disclosure that Airtel is looking to focus on a cost-saving “asset-light business model” and has “divested most of its telecommunications tower portfolio” with the telecom operator now apparently in the final stages of divesting the majority of its remaining tower portfolio to other tower companies...
Misinformation About COVID-19 Can Be Devastating in Rural West Africa
Sierra Leone was later than most to experience its first cases of COVID-19. Though the virus itself did not arrive in the country until 31 March 2020, rumours and fears spread among communities well before the country’s first confirmed case. As happened during the Ebola outbreak from 2014-2016, this pandemic has led to rumours and misinformation that leave some people fearful of visiting healthcare facilities. This could have a devastating effect on children as, at 105 deaths per 1,000 live births, Sierra Leone has one of the highest rates of child mortality in the world. Memories of Ebola mean adopting new hygiene measures to reduce the spread of a pandemic is nothing new for people in Sierra Leone. However, as during Ebola, rumours can spread easily and this can lead to a ...
ATCON Tasks Nigerian Government to Begin Digitizing the Economy
Sourced from the Guardian Nigeria. The Association of Telecommunications Companies of Nigeria (ATCON) has charged the Federal Government to begin the digitization of the nation’s economy. The association stressed the importance and crucial need for the government to map out fresh plans that would assist the country cope with economic challenges post-COVID-19 pandemic. Olusola Teniola, president of ATCON, told The Guardian Nigeria that every sector of the Nigerian economy should brace for the challenges ahead, stressing that information and communication technology (ICT) would be strategic in diversifying and digitising the economy going forward. /* custom css */ .tdi_3_dff.td-a-rec-img{ text-align: left; }.tdi_3_dff.td-a-rec-img img{ margin: 0 auto 0 0; } Teniola makes clear that the assoc...
