Wari and Mara Phones partner up to increase presence in Africa

19 July 2019

Digital financial services platform Wari has teamed up with African smartphone manufacturer Mara Phones as part of its strategy to increase its presence on the continent. 

Wari’s services will be preloaded onto Mara devices and the former will bundle its services with the Mara Phone to all its clients.

“We are extremely excited about this collaboration and we expect to see Wari increase its presence and penetration with the bundling of the Mara Phone,” said Mara Phones’ chief executive officer Ashish Thakkar. 

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DumaCard launches in Tanzania

19 July 2019

Direct Pay Online (DPO), the African service provider, has launched the DumaCard business-to-business payment card in Tanzania and neighbouring Kenya.

It is available in both plastic and virtual forms – the latter provides a 16-digit card number, expiry date and security code just like a physical one. 

Furthermore, the DumaCard can be used as a single or multiple-use card and can be topped up regularly using mobile money so holders do not have to have a bank account in order to use it. 

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Airtel Africa makes £3.6bn London IPO claim

19 July 2019

Raghunath Mandava, chief executive at Airtel Africa

 

Raghunath Mandava, chief executive at Airtel Africa

 

Airtel Africa said it is targeting a valuation of up to GB£3.6bn as it moves ahead with its London listing.

The telecommunications and mobile money firm has almost 100 million subscribers, making it the second largest mobile operator on the continent. Plans to float were first announced in early June.

Its IPO has been priced at 80p to 100p a share, with Airtel offering 595.2 million to 744.0 million new shares. Final pricing will be announced June 28th, with shares to start trading in London on the same day. 

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Safaricom's CEO Collymore dies

01 July 2019

Clound management systems are overtaking DBMS - report

Collymore was 61

 

The chief executive officer (CEO) of Kenyan telecom company Safaricom, Bob Collymore, has died at the age of 61.

A British businessman born in Guyana, Collymore had been suffering from an acute form of leukemia and passed away while at home on the morning of July 1st. 

He was well known in Kenya and east Africa for championing M-Pesa to Kenyans, the mobile money transfer platform that began as texting money between users, but has now evolved to cover billions of financial transactions in the country.

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