Herman Singh News

South Africa's MTN bets on mobile banking with new CEO

South Africa's MTN bets on mobile banking with new CEO

MTN’s new chief executive Rob Shuter has been brought in to boost profits at Africa’s biggest mobile phone group after a $1.7 billion fine in Nigeria, by persuading its 200 million clients to use their handsets to store money and pay bills.

South Africa's Travelstart raises $40M to extend reach in Africa's fast-growing multibillion dollar online travel market

South Africa's Travelstart raises $40M to extend reach in Africa's fast-growing multibillion dollar online travel market

Travelstart, the South African-based Online Travel Agency (OTA) with offices throughout Africa and subsidiaries in the Middle East and Turkey, on Wednesday announced a capital raise of $40 million from Amadeus Capital Partners, the global technology investor.

M-PESA tries again in South Africa with more tailored approach

Can mobile money conquer new markets? M-PESA tries again in South Africa with more tailored approach

Since its launch in 2007 by mobile-phone giant Vodafone and local partners, M-Pesa has taken East Africa by storm.