Vodafone News

Africa's Liquid Telecom raises $700m in bond and term-loan issue

Africa's Liquid Telecom raises $700m in bond and term-loan issue

Liquid Telecom, an unlisted pan-African telecoms group, has raised $700m in a bond and term-loan issue that will help it refinance debt and provide a war chest for further acquisitions.

Orange & Vodafone are seeking to purchase 65% of Etisalat Nigeria

Orange, Vodafone are reportedly seeking to purchase 65% of Etisalat Nigeria

Orange Telecom and Vodafone are seeking to purchase 65 percent of Etisalat Nigeria following the departure of the UAE-based Etisalat Group from its Nigerian business, reports Brandish citing unnamed sources.

Jabu Moleketi, incoming Chairman, Vodacom

Vodacom names Moleketi as Chairman

South Africa’s Vodacom Group said on Thursday it has appointed non-executive director Jabu Moleketi to succeed Peter Moyo as the mobile phone network operator’s next chairman.

M-Pesa

M-Pesa, Safaricom, Kenya regulators and Vodacom could be about to open up mobile money in Africa

M-Pesa, the mobile money system that is the pride and anchor of Kenya’s homegrown technology community, has had plenty of hype and excitement since its 2007 launch.

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Zimbabwean billionaire Strive Masiyiwa's Econet appoints former Vodafone executive to run its Neotel unit

Zimbabwean billionaire Strive Masiyiwa’s Econet Wireless Global Ltd. unit Liquid Telecom has appointed former Vodafone Group Plc executive Kyle Whitehill to head up South African internet provider Neotel and oversee the company’s expansion plans.

Shameel Joosub, CEO, Vodacom

South Africa's Vodacom to buy 35% Of Kenya's Safaricom from parent Vodafone

Southern African telecoms giant Vodacom Group will buy a 34.94% stake in Kenyan operator Safaricom – known for its ground-breaking M-Pesa mobile money system.

afaricom hopes to spread across Africa. Credit: Reuters/Noor Khamis

Safaricom is planning to expand M-Pesa mobile money across Africa

Safaricom is planning to take its successful mobile money service M-Pesa across Africa after building a dominant home base in Kenya and presence in its East African neighbors.

Rob Shuter, CEO, MTN Group

MTN's new CEO starts job committing to investment in largest markets of Nigeria and South Africa

First-quarter sales rose 7.1 percent boosted by Nigeria and Iran. Carrier still has ‘work to do’ to meet full-year targets

Bob Collymore, CEO, Safaricom

Vodafone slams proposed split of Kenya's M-PESA as 'ridiculous'

Safaricom Ltd, East Africa’s biggest mobile-phone company, would have to reconsider future investment in Kenya if proposals to break up the company are implemented.

Safaricom faces break-up call from Kenyan lawmaker

Safaricom faces break-up call from Kenyan lawmaker

A Kenyan lawmaker proposed breaking up Safaricom, the country’s biggest telecoms operator, on Tuesday because of its role in providing mobile financial services.

All eyes on Africa tech

All eyes on Africa tech

Forget bootstraps. Africa is a continent dragging itself up by its code strings to become a global player – but it needs more software developers, writes Brett Parker, SAP Africa Managing Director.

Phuthuma Nhleko, Executive Chairman, MTN Group

MTN Chairman sells $8.8 million of shares before arrival of new CEO

MTN Group Ltd. Executive Chairman Phuthuma Nhleko sold shares worth about 123 million rand ($8.8 million).

The arrival of Uber and Little Cab may bring cheaper and more reliable transport by taxi but is unlikely to solve Nairobi’s congestion. Credit: theguardian.com/Tom Cockrem/Getty Images/Lonely Planet Images

Uber and Little Cab's battle to control the streets of Nairobi

Uber is in the middle of a bruising battle for dominance in east Africa’s largest economy: Kenya. The ride-hailing company started operating in the cities of Nairobi, Mombasa, Kisumu and Thika last year.

Tech companies help foster the startup ecosystem in Africa. Credit: Reuters/Thomas Mukoya/qz.com

Half of the tech hubs in Africa are located in South Africa, Kenya, Nigeria, Egypt and Morocco

A total of 314 tech hubs and incubation centers was recorded in July by the global telecoms industry body GSMA’s Ecosystem Accelerator, a program that works to enable partnerships between operators and developers on the continent.

Mobile Economy - Africa 2016: GSMA

The mobile economy - Africa 2016: GSMA (Infographics & Report)

At the end of 2015, 46% of the population in Africa subscribed to mobile services, equivalent to more than half a billion people. The region’s three dominant markets – Egypt, Nigeria and South Africa – together accounted for around a third of the region’s total subscriber base.

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.

MTN's latest turnaround strategy involves poaching top executives from its arch rival

MTN's latest turnaround strategy involves poaching top executives from its arch rival

Africa’s largest telecom is appointing a new CEO, and shaking up its board and top executives.

Rob Shuter, incoming CEO, MTN Group

South Africa's MTN names Vodafone Europe Head Rob Shuter as CEO

South African mobile phone operator MTN Group named the head of Vodafone Europe as its new CEO on Monday, bringing in an outsider with a risk-management background 10 days after it agreed to pay a $1.7 billion fine in Nigeria.

Shameel Joosub CEO, Vodacom

Vodafone unit mulls bid for South Africa state internet company

Vodafone Group Plc’s South African unit is considering a bid for unprofitable state-owned Internet company Broadband Infraco, as the government works toward the privatization of some assets to boost the country’s finances.

Jumia is one of the leading e-commerce sites in Africa.

African Technology Startups Gaining Attention

The increasingly noticeable discussions of the tech boom taking shape across Africa were recently further bolstered by news about startup financings on the continent.

Africa’s commercial drones take off. Credit: Aero Shutter Ghana

Africa's commercial drones take off

Some of Africa’s first commercial drone startups are generating clients and income.

Barclays decision to pull out of Africa is a sign of the bank's weakness, not the continent's potential

Barclays decision to pull out of Africa is a sign of the bank's weakness, not the continent's potential

Barclays has announced it is to withdraw from Africa. It will gradually reduce its 62% stake in Barclays Africa Group over the next two to three years.

Orange Strikes $160M Deal for Tigo DRC

Orange Strikes $160M Deal for Tigo DRC

Orange is set to continue its acquisition spree in Africa with a $160 million takeover of Millicom’s Tigo-branded mobile phone business in the Democratic Republic of Congo.

South Africa's MTN is the most admired brand in Africa

MTN, Samsung and Coca-Cola top list of most admired brands in Africa

Brand Africa has announced that MTN is the overall best brand in Africa and reclaimed the #1 spot as the Most Admired Brand in Africa at a gala launch of the 4th Annual Brand Africa 100: Africa’s Best Brands at Sandton Convention Center.

Government funding is just one avenue for African tech. Credit: Brent Lewin/Bloomberg; Eduard Gismatullin/Bloomberg. institutionalinvestor.com

Government funding is just one avenue for African tech

Hoping to reap the economic benefits of a digital revolution, several African countries are seeking to build their own versions of Silicon Valley.

Mobile phone use has rocketed in Nigeria in the last decade but mobile money has not. (AP Photo/Sunday Alamba)

Nigerian mobile money leader Paga is doubling down on building a payments giant

Despite its success in other parts of Africa, mobile money has not fully taken off in Nigeria, Africa’s largest economy.

Airtel is losing its fight against Safaricom for Kenya's fast-growing mobile market

Airtel is losing its fight against Safaricom for Kenya's fast-growing mobile market

Airtel Kenya is engaged in a mighty battle against Safaricom for Kenya’s growing mobile market. The telecom company is struggling to put a dent in Safaricom’s dominance, but they are getting left behind.

M-PESA. (Reuters/Noor Khamis)

Kenya's Safaricom might have to spin off M-PESA, the world's largest mobile money business

The Kenyan government is introducing new regulations this week in parliament that could lead to the break-up of Safaricom, the country’s leading telecom company.

M-PESA dominates mobile money in Kenya. (Reuters/Thomas Mukoya)

Safaricom and Airtel Kenya are taking their latest mobile money spat to court

The battle over Kenya’s mobile money space just got a little uglier.

Shameel Joosub, CEO, Vodacom

Vodacom's $576M Neotel deal wins South Africa antitrust approval

Vodacom Group Ltd., the African unit of Vodafone Group Plc, was granted provisional approval by South Africa’s Competition Commission to buy Internet provider Neotel Pty Ltd. for 7 billion rand ($576 million).

A customer conducts a mobile money transfer via M-PESA inside the Safaricom mobile phone care center in the central business district of Kenya's capital, Nairobi. REUTERS/Thomas Mukoya

Kenya's KCB signs up 1.8 million mobile banking customers in 3 months

Kenya’s biggest bank by assets, KCB, has signed up 1.8 million customers for its mobile phone-based service since it was launched in March and is on target for 10 million users within a year from now, its chief financial officer said.

Bob Collymore, CEO, Safaricom

Kenya's Safaricom to expand its mobile and fiber optic network

Kenya’s Safaricom Ltd plans to expand its mobile and fibre optic network and will launch a home broadband service to boost growth after posting a 17 percent rise in annual earnings.

Safaricom completes migration of M-PESA platform to Kenya

Safaricom completes migration of M-PESA platform to Kenya and plans to open up M-PESA APIs

After two years of intercontinental conference calls, eight test runs, and countless hours put in by 320 consultants, Safaricom has successfully completed the migration of its M-PESA mobile money platform to its data center in Kenya.

M-PESA

Vodafone M-PESA and MTN Mobile Money agree to interconnect mobile money services

Customers of M-Pesa and MTN Mobile Money in East Africa will be able to transfer money to each other following an agreement between Vodafone Group and MTN Group to interconnect their mobile money services.

British-Nigerian actor, Chiwetel Ejiofor, star of 'Half of a Yellow Sun’, the Nigerian film industry's biggest production to date

The rise and rise of the $5B industry called Nollywood

Nollywood, Nigeria’s film industry is booming, but lack of funding and rampant piracy holds it back. A stronger effort to improve quality, enforce intellectual property laws and clampdown on piracy should help to generate substantial revenues that really whet the appetite of investors.

Joshua Oigara, CEO, KCB

Kenya's KCB sees growth from new M-PESA-based mobile phone accounts, says CEO Joshua Oigara

Kenya’s largest lender KCB has launched a new service that allows depositors to open mobile phone-based accounts, which it’s CEO said could make up to nearly a third of its business in two years.

Employees stand inside a mobile phone store specializing in the sale of Samsung Electronics Co. handsets in Nairobi, Kenya, on April 17, 2013. Photographer: Trevor Snapp/Bloomberg

Europeans Selling Mobile Payments Should Ask Africa for Help

As telecommunications carriers in Europe seek a share of the billions of dollars likely to flow to companies that build mobile-payment systems, Claudio Chiche has a few words of advice: Ask Africa for help.

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.

Haris Broumidis, CEO, Vodafone Ghana

Vodafone Ghana to list on Ghana Stock Exchange (GSE): Haris Broumidis, CEO, Vodafone Ghana

Vodafone Ghana plans to list on the Ghana Stock Exchange (GSE) soon, reports Citi Business News.

A M-KOPA retailer hands out flyers about the solar product. Courtesy of M-KOPA, Georgina Goodwin.

Pay-as-you-go solar startup M-KOPA signs up 100,000 solar users in East Africa

Pay-as-you-go solar products — that tap into cell phone infrastructure and micropayments — are slowly emerging across rural Africa, and India.

south-africa mobile

There's at least one country where BlackBerry utterly dominates the smartphone market

In most parts of the world, Samsung smartphones rules the market by virtue of their ubiquity, affordability, and variety.

Shameel Joosub, CEO, Vodacom

Vodacom to Use Neotel Deal to Expand High-Speed Fiber Cable: Shameel Joosub, CEO, Vodacom

Vodacom Group Ltd. plans to use its agreed acquisition of Internet provider Neotel Pty Ltd. to speed up the introduction of high-speed fiber-optic cable for South African businesses and homes.