Browsing: MTN

Africa’s evolving telco sector faces challenges such as brand loyalty and infrastructure costs. Some of the most recognised brands in…

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In the move to a cashless society, Rwandans are also showing appreciation for this leadership and quality of service, again the numbers say it all, MTN customer market share increased by 2.9pp to 65.7%.

Rwanda, as most all  of the rest of Africa, is experiencing continued increase in demand for data. This demand puts pressure on delivering the needed services at affordable rates, especially giving the increasing cost of data. So it is worth noting and a lesson for  the rest of the East African bloc, that the government of Rwanda has taken a bold but very visionary move in changing its Broadband policy.

Rwanda has shown its commitment to accelerate broadband coverage by adopting such measures as the introduction of wireless technology neutrality, which has significantly allowed for improved  efficiency. On the ground, this is translated in the form of rolling out of next generation technologies like LTE and 5G all of which help create a cashless society.

Generally speaking, the proliferation of mobile phone technology has increased access to mobile money services (MMS) and is the backbone of mobile money deployment in both rural and urban areas of Africa.

“Despite its enormous benefits, embracing the usage and acceptance of mobile money has mostly been low due to security issues and challenges associated with the system,” warns professor Guma Ali from the Nelson Mandela African Institution of Science and Technology.

In a paper titled ‘Evaluation of Key Security Issues Associated with Mobile Money Systems in Uganda,’ the pundit suggests the need to carry out a survey to evaluate the key security issues associated with mobile money systems in Uganda (and Africa).

In the study that followed, which employed a descriptive research design, and stratified random sampling technique to group the population, some 741 registered mobile money (MM) users and 447 registered MM agents along with 52 mobile network operators (MNOs) IT officers participated.

According to the most current known statistics, Cameroon had 9.15 million internet users in January 2021, representing an increase from 7.8 million users in the same month the year prior.

Although the fixed-line broadband industry appears to have stagnated, with only extremely sluggish growth in subscriber numbers, the national penetration rate has increased from 2 per cent in 2011 to 34 per cent in 2021. On the other hand, the number of mobile phone consumers in the country increased from 10 million in 2011 to 24 million in 2020, which encouraged growth in internet usage.

Camtel, despite its established position, was left behind by the growth in the telecom industry and is currently seeking to make amends for this lapse. It got 2G, 3G, and 4G licenses in 2020, and in April of that year, it inked a roaming contract with a rival called MTN, which allows it to utilize MTN’s infrastructure in parts of the country where it does not currently operate.

CBDC is a digital currency issued by the central bank and intended to serve as legal tender while Crypto is a privately issued digital asset based on a network that is distributed across a large number of computers.

The fundamental difference between CBDC and Crypto is the former is asset-backed while the latter is not, so seeks to create value through some intrinsic mechanism like mining. One primary drawback is that the speculative nature of mining makes it considerably volatile.

This has given rise to “stable coins” which are crypto assets that aim to maintain a stable value relative to a specified asset, or a pool of assets. A Global Stable Coin (GSC) is a stable coin with potential reach and adoption across multiple jurisdictions and could achieve substantial volume down the line.

MTN Rwandacell has listed its shares becoming the first telecom company to list on the Rwanda Stock Exchange (RSE). The…

The dawn of 5G in Africa is here with us and what was once seen as a dream has turned…

MTN Group appoints Chief Financial Officer of MTN Group Ralph Mupita as the new CEO to take over from Rob…

MTN Uganda recorded a 9.1 per cent increase in net profit to about $120.47 million for the first six months…