Finance & Banking

Alliance to increase Rwanda internet uptake

KIGALI, (CAJ News) – MTN Rwanda has launched a sponsored data service in partnership with mobile solutions provider, U2opia Mobile, in an effort to increase internet uptake in the country. Powered by Fonepass, U2opia Mobile’s sponsored data platform is meant for subscribers with limited or no access to the internet, enabling them to explore the world of data and unlock its ...

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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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Safaricom secures M-PESA partnerships with banks

Rwanda Mobile money

NAIROBI, (CAJ News) – SAFARICOM, Kenya ‘s leading  mobile operator, has partnered with a number of banks to enable real-time transfer of funds. The partnership with eight more financial institutions enables businesses which use Lipa Na M-PESA to transfer funds from their Lipa Na M-PESA tills to their bank accounts any day of the week. The new partnerships with KCB, ...

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Another milestone in Kenya banking, mobile sectors

NAIROBI, (CAJ News) – CHASE Bank has partnered with Safaricom for a service that will aggregate the entire bank’s services and make them accessible through mobile phones. Said to be the first of its kind in Kenya, Mobile2Bank, the partnership between the financial institution and mobile network operator respectively, is envisaged to boost the efficiency of businesses. It will allow businesses to make payments ...

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