Tag Archives: MTN
MTN: Latest News
Staff, 4:25 am
The telecom operators with the most active customers are MTN in Ghana and Nigeria, Safaricom and Vodacom in Kenya and South Africa respectively and Airtel in Uganda, according to a recent GeoPoll straw poll, which sought to determine the level of customer service and service delivery among telecommunications operators Sub-Saharan Africa. The rate of mobile phone and internet penetration in Sub-Saharan Africa (SSA) continues to grow.
Peter Pedroncelli, 9:16 am
South African telecommunications giant MTN has launched a new incubator program for tech startups in Ivory Coast. The incubator, which is called Ye’llo Startup, is aimed at helping young entrepreneurs to design and deploy digital solutions through their startups. A selection of 10 startups will be given the chance to feature in the first incubation cycle, which will run over a one-month period from Nov. 30 to Dec. 31, 2017.
Peter Pedroncelli, 10:46 am
The sixth edition of the MTN Business App of the Year Awards took place recently in Johannesburg, with mobile applications across various categories recognized for their positive impact on business. Mobile app solutions developed and presented by people from a diverse range of socio-economic backgrounds ensures that these solutions are designed with real-life challenges in mind.
Peter Pedroncelli, 7:53 am
U.S. solar startup Fenix International is expanding its partnership with Africa’s largest telecommunications provider MTN in order to provide electricity to Africans who do not have access to an electricity grid. The San Francisco startup brings power to under-served areas thanks to the provision of their solar-power systems, and their extended partnership with MTN Group in Zambia will mean electricity access for an additional million new users in the country over the next three year period.
Peter Pedroncelli, 3:09 am AFKI Original
African consumers are increasingly able to enjoy numerous global tech brands due to a growing middle class on the continent that is savvy and mindful of what brands can offer them. Many of these brands have earned the admiration and loyalty of African consumers, with BrandAfrica ranking them in terms of the most admired brands from an African perspective. We take a look at 12 of the most admired global tech brands according to Africans.
Dana Sanchez, 8:04 am
MTN’s shares are down 35 percent since October 2015, when Africa’s largest mobile service provider reported a $5.2B fine by Nigerian regulators over unregistered sim cards. That could make MTN cheap enough to be considered for a takeover, Times Live reports. MTN had other problems in the last two years including foreign exchange losses and bad investments. Investing heavily in South Africa, MTN grew revenue and subscribers, but it would be difficult for an international operator to convince its shareholders to back a bid, given the challenges MTN faces, an analyst said.
Dana Sanchez, 9:08 am
The allegation that Nigerians are taking up jobs that could otherwise go to black South Africans is false. Nigerians employ local people in their small businesses. The claim that Nigerians are destroying the moral fabric of the South Africa through drug peddling and prostitution is not entirely true. Yes, some Nigerians may be in the business but their number is negligible. They are however loud and showy, which could trigger envy. Most Nigerians in SA are legitimate — academics, professionals, artisans and other needed service providers. When Nigeria helped SA in its liberation struggles, “we were called brothers. Now, we are expendable strangers.”
Dana Sanchez, 5:39 pm
MTN’s announcement shows how difficult it is to crack mobile payments in South Africa’s financial services market. With one door closing, MTN is entering the micro insurance business with MMI Holdings in a joint venture called aYo. The mobile financial services industry is changing, and aYo will be able to compete thanks to the combined expertise, scale and market access of both companies. Insurance penetration is low in many African countries and MTN will be able to offer relevant, accessible and easy insurance solutions to consumers, the company said.
Dana Sanchez, 12:23 pm
Global tech and mobile giants are increasingly involved in Africa’s 314 active tech hubs. New tech hubs are opening on a weekly basis, according to new research by GSMA, the powerful mobile trade and lobbying association. GSMA recently launched its own innovation fund to tap local startups. Regardless of their type, it’s the facilitator role of tech hubs that explains their proliferation in Africa.
Dana Sanchez, 5:51 pm
In January, MTN hired former U.S. Attorney General Eric Holder to help reduce a $3.9 billion fine. Holder was in office during some of the largest corporate settlements in American history. His addition to the MTN legal team marked a change of strategy. Holder offered to pay a reduced fine and list MTN’s local unit on the Nigerian stock exchange. Critics say the settlement lacked transparency, was too generous and divided the Nigerian government. “It was never about the money. It was about the rules,” a government spokesman said. “The MTN listing will benefit the country.”
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