Tag: telecommunication
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Increasing mobile internet usage could add $795 billion to Africa’s GDP

North Africa PostComments Off on Increasing mobile internet usage could add $795 billion to Africa’s GDP

Africa’s digital transformation is well underway, with mobile internet emerging as a significant catalyst for economic growth. A report by ‘The Economist Intelligence Unit’ estimates that expanded mobile internet use could contribute as much as $795 billion to the continent’s GDP. This opportunity aligns with the growing role of digital technology in Africa’s economic and […]
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Mastercard ventures into African fintech, snapping up $5.2bn stake in continent’s no.1 telco

North Africa PostComments Off on Mastercard ventures into African fintech, snapping up $5.2bn stake in continent’s no.1 telco

Mastercard has acquired a minority stake in the fintech subsidiary of South African telecommunications giant MTN in a deal valued at a whopping $5.2 billion, whereby the partnership will see Africa’s biggest mobile company to strategically leverage the US giant’s technology for its payments and remittance expansion in the continent. By snapping up the minority […]