Kenya’s mobile money market grows amid shifting market shares

03 July 2025

Kenya’s mobile money sector experienced notable growth in the first quarter of 2025, with subscriptions rising by 7.3% to reach 45.4 million users, according to the latest data from the Communications Authority of Kenya (CA).

The agency’s Third Quarter Sector Statistics Report for the 2024/2025 financial year, covering January to March 2025, revealed that this expansion has pushed the country’s mobile money penetration rate to 86.6%.

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Paratus launches Paratus EduLINK to bridge educational digital divide

01 July 2025

Paratus, a leading pan-African telecommunications provider and authorised reseller of Starlink, has announced the launch of Paratus EduLINK, an innovative connectivity solution aimed at empowering schools in remote and underserved regions with reliable, high-speed internet.

Under the campaign slogan “Empowering Education, Anywhere,” EduLINK utilises Starlink’s low Earth orbit (LEO) satellite technology to ensure that no school is too remote and no learner is left behind. The programme offers qualifying schools in Botswana, Eswatini, Kenya, Mozambique, Malawi, Rwanda, and Zambia access to 2 terabytes of Priority Data each month, along with additional data buffers to support uninterrupted online learning and access to digital educational resources.

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Ethio Telecom hosts workshop to introduce cloud-based core banking solution

13 June 2025

Ethio Telecom recently conducted a workshop aimed at empowering microfinance institutions and SACCOs across Ethiopia, focusing on the introduction of a new cloud-powered core banking system designed to modernise financial operations at the grassroots level.

The event brought together participants from various microfinance and cooperative institutions to demonstrate how the innovative platform can enhance operational efficiency, service quality, and digital security.

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Axian Telecom acquires 8% stake in Jumia

09 June 2025

Axian Telecom has acquired an 8% ownership stake in Jumia, Africa’s leading e-commerce platform. While specific details of the deal remain limited, Axian emphasized its ongoing dedication to advancing Africa’s digital economy through strategic investments in innovative companies like Jumia.

Supporting its core mission of delivering accessible, innovative, and inclusive digital services across the continent, Axian leverages its brands Yas (mobile) and Mixx by Yas (fintech) to drive digital transformation in various markets. The investment in Jumia aligns with these objectives, positioning Axian to play a significant role in the evolving e-commerce and fintech landscapes.

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