Active mobile money accounts boom in Tanzania
23 July 2024
The number of active mobile money accounts has increased from 25.8 million in 2019 to 55.8 million in 2023, according to the Tanzania Communications Regulatory Authority (TCRA), representing a growth of 116.2% in five years.
The national mobile money subscriber base is shared between M-Pesa (Vodacom), Tigo Pesa (Tigo) and Airtel Money (Airtel) which together hold 89% of the market share. The number of mobile financial transactions increased by 76.6%, from 3 to 5.3 billion over the period, while the national mobile subscription base has increased from 43.7 million in 2018 to 76.6 million in 2023.
Find out more Lightstruck to advance Windhoek’s City Link initiative
22 July 2024
Lightstruck has entered into an agreement with the Namibian City of Windhoek’s City Link initiative to advance the city’s fibre network commercialisation efforts.
City Link is a dedicated business unit established within the City of Windhoek entrusted with the responsibility of overseeing the commercialisation of the fibre network.
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NuRAN Wireless closes US$5 million loan facility
17 July 2024
NuRAN Wireless has closed a US$5 million loan facility with the Facility for Energy Inclusion (FEI), a fund managed by Cygnum Capital.
The initial drawdown of US$2.5 million, which includes a US$1.07 million refinancing of renewable energy assets in Cameroon, is underway.
Find out more Zambia’s telcos struggle to keep the lights on
12 July 2024
MTN, Airtel and Zamtel are facing challenges in keeping their telecommunications towers operational in Zambia due to the prolonged power outages currently affecting the country.
The operators issued a joint statement under the auspices of the Global Mobile Systems Association of Zambia (GSMAZ). According to the statement, power outages lasting more than four hours compromise the quality of services provided to customers. At this level, generators require constant refuelling and more frequent maintenance cycles.
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