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Airtel Africa announces launch of fibre bandwidth service

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Airtel Africa has announced the launch of a new fibre bandwidth service to provide data connectivity across Africa, which will be known as Airtel Africa Telesonic Limited (‘Telesonic’).

A statement announcing the launch of the fibre bandwidth on Thursday by Airtel Africa’s Group CEO, Segun Ogunsanya, said the service fibre bandwidth service leveraged ground fibre assets and submarine cable systems to meet the growing demand for wholesale data in Africa by offering comprehensive terrestrial fibre and submarine cable solutions.

“The establishment of Airtel Africa Telesonic Limited underscores Airtel Africa’s commitment to addressing Africa’s needs for the digital revolution by providing cutting-edge fibre-optic solutions that will empower businesses, education, healthcare, and communities at large,” the CEO said.

‘’No doubt, Africa is experiencing a digital revolution, with surging demand for data across various sectors especially by the continent’s growing youth population. With robust and scalable infrastructure, we aim to bridge the digital divide and unlock opportunities for innovation and economic growth,’’ he noted.

He added that the investment signifies not just a technological advancement but also a catalyst for progress, connecting people and ideas across borders.

“Plans are underway to establish local entities in key markets where Airtel Africa operates to oversee all fibre assets and manage the operational aspects of the wholesale business.

“The initiative is expected to have a long-term positive impact across Africa by improving the quality of life for communities and boosting national economies,” Ogunsanya said.

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M-PESA partners IFC to increase financial inclusion for farmers in Mozambique

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Mobile money transfer and payment service provider, M-Pesa, has entered into a partnership with the International Finance Corporation (IFC) aimed at boosting financial inclusion for small-holder farmers in Mozambique.

The agreement will see IFC cooperating with Vodafone M-PESA Mozambique to support M-PESA in several key areas, including revamping and strengthening its existing agent network and conducting comprehensive countrywide training for M-PESA’s sales team and agents.

IFC will also assist M-PESA to review and expand its merchant acquisition and management strategy in Mozambique, and support M-PESA’s activities across different regions.

Sergio Gomes, Director of Vodafone M-PESA Mozambique, who announced the partnership, said the IFC and M-PESA Mozambique will “work together to explore and pilot new ways to expand mobile money services in rural areas, with the aim of increasing financial inclusion for smallholder farmers.”

“We have seen very positive results since M-PESA was launched in Mozambique in 2013 having paid about 9 billion Meticais ($142 million) in commissions to agents just in the last 5 years,” said Gomes.

“The new phase of M-PESA will focus on expanding our value proposition and use cases to limit the use of cash in the economy. One important vertical where we want to intervene is in agriculture where payments are dominated by cash.

“We believe that through this partnership with IFC, we can have an impact on farmers by digitizing their value chains beginning with payments received for their produce and moving out to developing more sophisticated products like insurance,” he added.

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Opera MiniPay wallet celebrates 1 million users in Africa

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Opera MiniPay wallet, a self-custodial dollar stablecoin wallet, has announced a significant achievement of surpassing one million users across Nigeria, Kenya, and Ghana.

Charles Hamel, Product Director at MiniPay, who made the announcement, said the stablecoin wallet had seamlessly integrated into the Opera Mini browser for Android users and built on the Celo blockchain.

“The MiniPay wallet has been designed to be intuitive for users of all experience levels to reap the benefits that decentralized finance can bring,” Hamel said.

“Via a familiar Web2 experience, MiniPay makes it easier and more affordable for individuals across Africa to acquire, send and receive Mento cUSD stablecoins – simply by using mobile phone numbers.

“The wallet enables users to save, send, and receive funds instantly on their mobile phones with very low transaction fees and with a mission to onboard millions of users to Web3 across Africa, Celo and Mento Labs aim to provide accessible financial tools through MiniPay embedded in Opera Mini,” he stated.

According to Hamel, MiniPay enables fast, easy, and affordable payments through its stablecoin wallet, offering sub-cent fees through the Celo network.

“MiniPay is currently live in Nigeria, Kenya, and Ghana, with plans for expansion into South Africa, and more,” Hamel added.

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