Bharti Airtel’s Airtel Africa sells a $1.25 billion stake to Singtel, SoftBank as it eyes IPO

Bharti Airtel’s Airtel Africa sells a $1.25 billion stake to Singtel, SoftBank as it eyes IPO

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Bharti Airtel’s Airtel Africa  has sold a $1.25 billion stake to six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others through a primary equity issuance in the company at a post money equity value of ~ USD 4.4 billion. The proceeds will be…

Safaricom launches installment payment plan to increase smartphone uptake among 10m feature phone users

Safaricom launches installment payment plan to increase smartphone uptake among 10m feature phone users

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Safaricom has launched a three-month campaign to increase smartphone uptake among Kenya’s feature phone users by offering  affordable 3G devices, convenient payment terms and personalized data offers. Through the “Maisha Ni Digital” campaign, Safaricom hopes to give at least 10 million Kenyans access…

Fenix raises over $4m from MTN, Swedish Embassy & USAID to launch pay-to-own solar home systems in Zambia

Fenix raises over $4m from MTN, Swedish Embassy & USAID to launch pay-to-own solar home systems in Zambia

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Fenix International, a venture-backed pay-to-own home solar system technology and and financial services firm has raised funds from MTN, the Swedish Embassy in Zambia and USAID to launch pay-to-own solar home systems in Zambia. The funding together with MTN’s distribution networks will…

UPDATED: Tangazoletu hits ten years, seeking partners to bring financial services to ten million unbanked Kenyans

UPDATED: Tangazoletu hits ten years, seeking partners to bring financial services to ten million unbanked Kenyans

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Kenya’s mobile money integrator for merchants Tangazoletu has marked ten years of its existence with an ambitious target to bring ten million unbanked Kenyans in the informal sector through financial technology solutions. According to Chief Executive Officer of Tangazoletu Mr.Chris Gathingu the…

Learning from MainOne’s Outage, Infrastructure sharing and consolidation are the solution to industry distress-Suleiman Arzika

Learning from MainOne’s Outage, Infrastructure sharing and consolidation are the solution to industry distress-Suleiman Arzika

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While the Nation was still reeling from the effects of the outage of the dominant international fiber cable operator Main One, we were hit with the news of the financial/commercial crisis at one of the 4 dominant telecommunications operators Etisalat Nigeria. The…