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Browsing: Telecommunications Africa
- After over a decade since launching, Mpesa has 54.4 million users in Africa.
- Safaricom has increased its Group Service Revenue by 5.2 percent to $2.159 billion, while the Group net income declined by 10.6 percent within Ethiopia.
- Safaricom Telecommunications Ethiopia added close to 3 million customers.
Safaricom, one of Africa’s top telecommunication services in Africa, finally acquired a license to operate M-PESA within Ethiopia. This new milestone will open doors for the East African country by ushering in a new age of mobile money.
This new initiative is what the Ethiopian economy requires as it struggles to regain stability within its borders.
The power of Mobile Money provider M-PESA
M-PESA first debuted in 2007 and sent Africa into a wave of digital money before any government perceived digital transformation. Its primary mechanism allows users to send and receive currency by clicking a button. This new initiative ushered in a …
There is a general consensus that the Small and Medium Enterprises is the key to the economic development of every nation and Ghana is not an exception. Small and medium-sized enterprise (SMEs) are the backbone of the Ghanain economy representing about 85% of businesses, largely within the private sector, and contribute about 70% of Ghana’s gross domestic product {GDP].
Firms of all sizes, across all sectors, are increasingly equipping their staff with digital tools. Digital tools bring many significant benefits for firms. Digitalization reduces transaction costs by providing better and quicker access to information, and communication between staff, suppliers and networks.
The COVID-19 crisis also stressed the need to accelerate SME digitalization, to weather the storm in the short term, as well as for increasing resilience in the longer term and “build back better”. Social distancing imposed during confinement, workers kept home as schools closed doors, and the