Browsing: mobile networks

• Nigeria’s telecommunication sector has attracted a total investment of $75.6 billion since 2021.
• Kenya’s Safaricom is also among the success stories highlighting Africa’s true potential in the telcom industry.
• Today, there are over 270 million active mobile users in Africa.

Experts in Africa’s mobile industry are ready to crown a new king of the continent after investments in Nigeria’s telecommunication industry hit $75.6 billion since 2021. Aside from dominating Africa’s blockchain ecosystem, Nigeria is leading Africa’s steady digital transformation given its high adoption rate.

Africa is undergoing digital transformation, often times trailblazing the world. Todays era is bringing in innovations in several industries, but none have profited like Africa’s telecommunication industry. During the early stages of Africa’s “Digital” era, many telecoms embraced new technology that would connect and support new talent in Africa.

Africa’s growing telecom industry

According to Mordor Intelligence, Africa’s telecommunication industry will register 11.2 percent growth between …

• New standard to guide how Payment Service Providers and institutions regulated by the CBK issue quick response (QR) codes.
• Merchants will be able to receive payments from multiple channels such as banks or mobile wallets.
• CBK says long-term use of standardized QR codes will facilitate the launch of innovative products.

Consumers in Kenya can now make digital payments in an easy, fast, and convenient way through quick response codes. This week, the Central Bank issued the Kenya Quick Response Code Standard 2023, also shortened as KE-QR Code Standard 2023. 

The service seeks to boost digital payments, which are offered by multiple financial institutions in the country. Normally, many companies use in-house payments solutions meaning customers can only use vendor-specific channels. Kenya’s financial industry regulator now wants to eliminate that friction through deployment of the new standard.

The regulator said the standard will guide how Payment Service Providers and institutions …

The dawn of 5G in Africa is here with us and what was once seen as a dream has turned to reality, albeit with revised expectations. South Africa became the first country in Africa to offer commercial 5G services with Rain, Vodacom and MTN piloting it in various cities and using different methods to reach their clients.  

Rain launched the country’s first commercial 5G network in partnership with China’s Huawei Technologies in 2019 in Johannesburg and Tshwane, offering subscribers unlimited data at speeds of up to 700Mbps for R1,000 per month. Since launch Rain has doubled its 5G coverage,  achieving it by adding more sites and providing a new 5G router to users. 

Vodacom’s launch to the mobile market covered three cities: Johannesburg, Pretoria and Cape Town. It was able to fast track the launch by using a temporary spectrum assigned by the South African telecommunications regulator …