Blue Label Telecoms, Cell C’s largest shareholder, has announced a significant restructuring of the mobile operator ahead of a potential listing on the JSE in 2026. This move, which is still subject to market conditions and regulatory approval, is designed to optimize Cell C’s capital structure and balance sheet, setting…
Author: Tapiwa Matthew Mutisi
Nedbank, one of South Africa’s largest banks, has officially entered the mobile telecommunications space, becoming the latest non-telecom brand to launch a Mobile Virtual Network Operator (MVNO). Branded as Nedbank Connect, the service is powered by MTN South Africa’s established mobile infrastructure and is exclusively available to Nedbank clients with…
Djibouti Telecom is set to expand the Djibouti Africa Regional Express 1 (DARE1) subsea cable, extending its reach from East Africa all the way down to South Africa. This project represents a strategic move for Djibouti to evolve from a regional Red Sea gateway into a central, pan-African telecommunications hub.…
Safaricom is collaborating with Meta, through its infrastructure affiliate Edge Network Services, to construct Kenya’s first-ever subsea internet cable. The project, named Daraja (Swahili for “bridge”), aims to strengthen Kenya’s digital infrastructure and reduce its reliance on external providers, making the country more resilient to regional internet outages. With an…
Guaranty Trust Holding Company Plc (GTCO), one of Nigeria’s leading financial services groups, has injected ₦365.85 billion ($236 million) into its primary banking subsidiary, Guaranty Trust Bank Limited (GTBank). This significant capital injection was executed through a rights issue of nearly 7 billion ordinary shares to GTCO, as detailed in…
Getting a mortgage in South Africa is becoming as straightforward as an online shopping experience, thanks to a shift towards digital platforms. This trend is streamlining the traditionally long, complex, and paperwork-heavy process, making it more accessible to consumers. The most recent example of this shift is Takealot’s new Home…
Standard Bank, the largest bank in Africa by assets, has committed $10 million to the African Women Impact Fund (AWIF). This investment is designed to support and empower women fund managers across the continent. According to Luvuyo Masinda, Chief Executive of Corporate and Investment Banking at Standard Bank, the bank…
Roqqu, one of Nigeria’s leading cryptocurrency companies, has officially listed the compliant Naira (cNGN) on its platform. The cNGN is a stablecoin, a type of digital currency that is pegged 1:1 to the value of a local currency, in this case, the Nigerian Naira. By listing the cNGN, Roqqu joins…
Somalia has officially launched a new electronic visa (e-visa) system, marking a significant milestone in its digital transformation journey. The new e-visa platform, which officially launched on Sunday, August 24, 2025, allows international travelers to conveniently apply for visas online via Somalia’s official government portal: www.evisa.gov.so. Designed to simplify the application process, the…
Telecom Egypt, in partnership with Jordanian telecom operator NaiTel, has successfully completed the deployment of Coral Bridge, a cutting-edge subsea cable system that directly connects Egypt and Jordan across the Gulf of Aqaba. This marks the first direct digital bridge between the two nations in more than 25 years, ushering in…
Innovate47, a globally recognized venture builder and entrepreneur support organization, has officially launched its Food & Agri Accelerator, an intensive eight-week program aimed at empowering high-potential founders who are developing innovative solutions at the intersection of agriculture, food systems, and climate resilience. With a mission to tackle some of the world’s…
BankservAfrica, the automated clearing house and settlements hub for South Africa, has undergone a significant brand refresh, changing its name to PayInc. This change is more than a simple rebranding; it represents a major strategic shift to align the company with the rapidly evolving digital payments landscape in South Africa.…
Infra Impact Investment Managers, a firm focused on infrastructure projects in Southern Africa, has announced a new investment in Green Create, a company specializing in converting waste into valuable resources. Green Create’s operations, which span both South Africa and Mauritius, address critical environmental and energy challenges in the region. Green…
Inside Capital Partners, an investment firm, has announced a new partnership with RDG Africa, a company that specializes in providing solar home systems and clean energy solutions. Founded in 2018, RDG is transforming lives by delivering affordable, reliable, and sustainable electricity to underserved households and small businesses through its innovative pay-as-you-go model. With…
Roosevelt Ogbonna, the Managing Director and Chief Executive Officer of Access Bank Plc, has stepped down from his position as a non-executive director at its parent company, Access Holdings Plc. This move, which became effective after Ogbonna served on the board for three and a half years, is a direct…
Finnfund, the Finnish development financier and impact investor, has committed a $4 million debt investment to Poa Internet, a Kenyan internet service provider focused on delivering affordable broadband to underserved communities. This strategic funding aims to accelerate Poa’s mission of expanding high-speed internet access across low-income areas in Kenya. “We are excited to…
JSE-listed Blue Label Telecoms has taken a major step forward with its investment in Cell C, reversing a multibillion-rand impairment it had previously recorded against its stake in the mobile operator. This move, which effectively restores the value of its investment on the company’s books, signals strong confidence in Cell…
In a significant turnaround, T2 Mobile, formerly known as 9mobile, has posted its first subscriber gain since late 2023, reversing a 20-month decline. This comes as the Nigerian telecom industry as a whole shed 2.4 million customers in July 2025, according to data from the Nigerian Communications Commission (NCC). T2’s…
In a significant move that highlights its evolving corporate landscape, e-commerce giant Jumia has officially filed a petition to appoint Hassanein Hiridjee, the founder and director of Axian Telecom, to its Supervisory Board. This proposal comes after the recent resignations of two board members, Angela Mwanza and Elizabeth Huebner, which…
The anticipation is building as Apple has officially revealed the details for its highly awaited 2025 fall event. Mark your calendars for September 9 at 7 PM CAT / 1PM ET / 10AM PT, as the company will take the stage at its Cupertino headquarters to unveil its latest innovations.…