The Togolese Revenue Office (OTR) has announced that it collected a total of 258.06 billion CFA francs in tax revenue during the first quarter of 2025. This figure represents a …
Telecommunications
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BusinessEconomyGOVERNMENTTelecommunicationsTOGOWestern Africa
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BusinessDigital EconomyFintechTelecommunications
PalmPay and Glo Launch Second “Recharge and Win Bonanza”
PalmPay, a leading fintech platform in Nigeria, has joined forces with telecom giant Globacom to launch the second edition of the popular “Recharge and Win Bonanza” promo. The campaign, which …
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Banking, Finance & InvestmentDigital EconomyFinance & ServicesTechnologyTelecommunications
Banks Settle USSD Debts as Telcos Prepare to Start Deducting Charges from Airtime
Thirteen Nigerian commercial banks have finished paying their outstanding Unstructured Supplementary Service Data (USSD) debts to mobile network operators (MNOs). The remaining three banks have paid more than 95 percent …
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Banking, Finance & InvestmentFinance & ServicesNigeriaPoliciesTechnologyTelecommunications
GTBank Begins Deducting N6.98 USSD Fee from Airtime
Guaranty Trust Bank (GTBank) has officially started using a new billing system for its Unstructured Supplementary Service Data (USSD) banking transactions. Starting today, Wednesday, June 18, 2025, the N6.98 USSD …
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InfrastructureTechnologyTelecommunicationsZIMBABWE
Econet Wireless Zimbabwe Apologises for Major Data Network Outage, Assures Customers of Full Service Restoration
Harare, Zimbabwe – Econet Wireless Zimbabwe, the country’s leading telecommunications and technology company, has issued a formal apology to its customers, partners, and stakeholders after a widespread network disruption affected …
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BusinessFinance & ServicesFintechSales StrategyTelecommunicationsUGANDA
MTN Uganda to Split Mobile Money Arm into New Fintech Company to Meet Regulations, Attract Investors
MTN Uganda has announced a major restructuring plan that will separate its mobile money business, MTN MoMo, from the main telecom operations. The new move is aimed at turning the …
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EconomyEnergyFinance & ServicesInfrastructureKenyaSafaricomTelecommunications
Kenya Targets Safaricom and KPC to Fund Sh4.24 Trillion 2025/26 Budget
Kenya is gearing up to tap its biggest publicly listed companies, Safaricom and the government‑owned Kenya Pipeline Company (KPC), to fund its Sh4.24 trillion budget for the 2025/26 financial year, Finance …
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Business and EconomyDevelopmentInfrastructureInnovationTelecommunications
Econet Bounces Back Strong With ZWG2.3bn Profit, Powered by Innovation and AI.
Econet Wireless Zimbabwe, the country’s top telecoms and digital services company, has recorded a strong comeback after years of pressure, posting a ZWG2.3 billion profit for the financial year ending …
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BusinessDevelopmentInfrastructureMarketsNewsSouth AfricaTelecommunications
Telkom Resumes Dividend After Four-Year Break as Profit Surges 62%.
South African telecommunications giant Telkom has returned to the dividend table after a four-year hiatus, following a strong performance that saw full-year headline earnings jump by 62.3%. The company, which …
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AfricaEconomyEnergyEnvironmentInfrastructureNigeriaTechnologyTelecommunications
Rising Diesel Costs Worsen Telecom Challenges in Nigeria
Nigeria’s telecommunications industry is under heavy financial pressure due to its growing reliance on diesel-powered generators, with operators spending more than $350 million (over ₦500 billion) annually to fuel their …