Friday, September 17, 2021
Flutterwave, Africa’s leading payments technology company, has announced a mobile money partnership with MTN Group that will allow businesses integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to receive payments via MTN Mobile Money (MoMo).  MTN MoMo is...
MTN Ghana has appointed Shaibu Haruna as Chief Sales and Distribution Officer with the responsibility of providing strategic direction for MTN’s sales strategy, operating model, channels distribution as well as digital sales infrastructure. He will also support MTN accelerate...
MTN Group and Sanlam are joining forces to offer insurance products to the telecommunications operator’s hefty subscriber base on the continent, where relatively few have cover. MTN, which is Africa’s largest mobile operator with 277 million voice subscribers, will leverage Sanlam’s...
Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $613 million in digital coins they stole, the company at the center of the hack have said. Poly Network, a decentralized finance platform that...
A cryptocurrency platform has lost an estimated US$600 million in digital tokens after one of the sector’s biggest-ever hacking attacks, according to details of the heist which emerged on Wednesday, Reuters has reported. Poly Network, a decentralized finance (DeFi) platform,...
Bank of Ghana has signed a partnership agreement with German IT giant,  Giesecke+Devrient (G+D) to pilot Africa’s first general-purpose Central Bank Digital Currency (CBDC) also known as e-cedi in Ghana. A joint statement from the two institutions said G+D is...

Jumia records losses in Q2

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African e-commerce giant Jumia today has its second-quarter financial performance, showing continued losses.  The company recorded a decline in operating losses and adjusted EBITDA in the first quarter of 2021, but they increased in the second quarter. Per the report, operating...
Very often, loyalty reward schemes by corporate organizations tend to favor high-end customers and shortchange low spenders because there is usually a participation fee, but the ongoing MTN @25 Mega Promo is designed to give both high-end and low-end...
Millicom has resumed shareholder remuneration following a double-digit revenue uplift in second quarter 2021, as it registered growth in all countries and business units with its mobile business thriving in Colombia. Industry experts have said Millicom did a smart thing...
Video conferencing service Zoom has reportedly offered up to $85 million to settle a class action legal case in the US relating to privacy and security, after users objected to it sharing personal details and some meetings were hijacked. Reuters...
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