Investing

Safaricom launches festive merchant promotion

NAIROBI, (CAJ News) – SAFARICOM has launched a new consumer and merchant promotion that is intended to drive growth in Lipa Na M-PESA transactions during the festive season. Prizes valued at Kshs 118 million (US$1,15 million) will be won. The promotion, Lipa Na M-PESA Shida Nyumba, is among other activities that are geared to boost Lipa Na M-PESA transactions by ...

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SAP expands to Portugues-speaking Africa

JOHANNESBURG, (CAJ News) – SAP Africa, the market leader in enterprise application software, has announced its expansion to Angola with the opening of an office in Luanda. It the company’s fifth regional hub in the continent. Regional head, Pedro Guerreiro, who is the Managing Director for Portuguese-speaking Africa, heads the office located in the Edificio Escom business district. Guerreiro, who has been with ...

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New twist to fine NCC imposed on MTN

MTN Rwanda

  JOHANNESBURG, (CAJ News) – MTN said it would re-engage the Nigeria Communications Commission (NCC) amid some confusion around the reduction of a fine the regulator has imposed for a failure to disconnect millions of unregistered subscribers. On Thursday, MTN reported it received a letter, dated Wednesday, from the NCC (the First Letter) informing the company that, after considering its ...

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Troubled telco assumes new structure after Nigeria woes

LAGOS, (CAJ News) – THE problems afflicting the continent’s biggest mobile firm in its largest market, Nigeria, have culminated in a review of its  operating structure. MTN Group, the South African-headquartered operator, is hopeful the new structure would strengthen operational oversight, leadership, governance and regulatory compliance across its 22 country operations in Africa and the Middle East. This will see MTN Group restructured ...

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Insurers must adopt technology to steer expansion drive

JOHANNESBURG, (CAJ News) – THE continent’s market leader in enterprise application software has advised local insurers to embrace modern technology to enhance their expansion into Africa. South African companies, hungry for success amid the economic slowdown, are casting their eyes on opportunities in other African markets. Neo Mathe, SAP Africa’s Value Engineer (Insurance), said in the highly competitive and disruptive ...

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Safaricom, MTN seal Rwanda mobile money deal

NAIROBI, (CAJ News) – SAFARICOM has partnered with MTN Rwanda to enable customers to make mobile money transactions between Kenya and Rwanda. The move is aimed at deepening financial inclusion and boosting regional trade. This is the second partnership of its nature this year, after Safaricom partnered with Vodacom Tanzania to introduce cross-border transaction between customers on the respective networks. ...

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Telcos drive Mobile Money growth

Rwanda Mobile money

by PHYLLIS BIRORI  TELECOMMUNICATIONS operators in the continent are seen recognising how interoperability is necessary to reap the full benefits of Mobile Money. This is according to WorldRemit, the international money transfer agency. The observation follows the launch of Mobile Money transfers between Rwanda and Uganda by MTN. “International remittances via Mobile Money are growing both in Africa and globally,” ...

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MTN subscriber growth exceeds targets

MTN Rwanda

by PHYLLIS BIRORI MTN Rwanda has announced that it has exceeded four million subscribers as of September 1. MTN Rwanda Chief Executive Officer, Gunter Engling, said they had exceeded expectations. “Each person at MTN was focused on reaching this milestone before the end of the third Quarter. By hitting this milestone, MTN Rwanda has maintained and cemented its position in ...

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FlyAfrica Accused of Frustrating Minors

FlyAfrica

JOHANNESBURG – LOW coast airline, FlyAfrica, has incurred the wrath of travelers who accuse the company of shortchanging following laws South Africa has introduced to prohibiting children from travelling unaccompanied. Irate passengers said the airline did not disclose to them critical information prior to booking only to charge minors exorbitant spot fines. “What FlyAfrica agents at O.R Tambo (in Johannesburg) ...

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