Finance & Banking

Rwanda introduces mobile money interoperability

TiGo Rwanda

by PHYLLIS BIRORI  AIRTEL Rwanda and Tigo Rwanda have announced a partnership to pilot interoperability between their two mobile money transfer service platforms. With this advancement, Rwanda became the second market in Africa to launch interoperability after Tanzania. This collaboration will allow Airtel Money and Tigo Cash subscribers to send and receive money directly into their mobile wallets without use of vouchers. ...

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MTN Rwanda rewards milestone client

MTN Chief Marketing Officer, Yvonne Manzi Makolo

by PHYLLIS BIRORI  MTN Rwanda has rewarded its 4 millionth subscriber to the tune of RwF4 million (about US$5,500). The customer, Uwimbabazi Francine of Gicumbi District, Ruvuna Sector with stock to start a business as an MTN vendor. Francine has received a fully branded kiosk, MTN Mobile Money float, phones and airtime. “We could think of no better way to celebrate this ...

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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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Peace Day anthem premieres in Rwanda

Peace One Day

by PHYLLIS BIRORI THE first-ever Peace Day Anthem is set to premiere at the Peace One Day Youth Celebration in Kigali, Rwanda on Friday. It will premiere in front of thousands of young people and beamed live into Rwanda and the world. The anthem, written by South Africa musician Zwai Bala and produced by Coke Studio Africa, is hoped to inspire a ...

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Rwanda international expo records massive growth

Rwanda International Expo

by PHYLLIS BIRORI THE just-ended Rwanda International Trade Fair has been hailed as a success following an increase in the number of exhibitors. According to organisers of the event, Private Sector Federation (PSF), the 18th edition of the fair saw the participation of 408 exhibitors, up from 307 last year. PSF Chairman, Benjamin Gasamagera, expressed excitement at the development. “The ...

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MTN Nigeria subscriber base increases but revenues drop

MTN Group President and CEO, Mr Sifiso Dabengwa, photo by Gift Ndolwane, CAJ News Africa

JOHANNESBURG – THE MTN Group has announced a decline in revenues at its Nigerian entity during the first half of the year. The company, during a results presentation event in Johannesburg, blamed the weak macro-economic environment, aggressive competition and operational execution challenges for the setback. Despite this, the operation grew its subscriber base by 4,9 percent, increasing total subscribers to ...

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Government endorses Rwanda Investment Forum

Kigali

by PHYLLIS BIRORI THE Rwandan government is committed to attracting investors and keen to create an environment that is conducive to stimulating new infrastructure projects in the country, an investment expert has said. Emmanuelle Nicholls, Event Director of the upcoming iPAD Rwanda Power & Infrastructure Investment Forum, scheduled for Kigali in November, made the sentiments ahead of the event. “The ...

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Telco refurbishes houses of Rwanda genocide widows

MTN Centre in Kigali, Rwanda

by PHYLLIS BIRORI MTN has donated Rwf 8 million for the renovation of houses for women rendered widows by the unforgettable genocide that hit Rwanda more than 20 years ago. Beneficiaries include the Association of the Widows of Rwanda, AVEGA Agahozo as well as Kinyinya Sector Authority. Mary Asiimwe, MTN’s General Manager for Human Resources and Corporate Affairs Management, said that the assistance ...

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