Tech

MTN launches 5G network in Benin Republic

Published

3 hours ago

November 25, 2024

MTN Benin has officially launched its 5G network which will position the country as a technological leader in West Africa.

The company, in a statement, said the launch of Benin’s first commercial 5G network will not only position the country at the forefront of technological advancement in the West African region but also set the stage for a more competitive and dynamic telecommunications market.

“The advanced network promises faster speeds, ultra-low latency, and enhanced reliability, driving industry productivity and innovation,” the company said.

“This strategic investment aims to revolutionize Benin’s digital ecosystem, boosting business operations and reshaping user experiences. MTN’s 5G rollout underscores its commitment to advancing technology and supporting the nation’s digital transformation,” it said.

The launch of the MTN 5G will further intensify competition in Benin’s telecom industry and aligns with MTN’s broader strategy to expand 5G services in Africa and is expected to significantly influence the nation’s economy.

“Enhanced connectivity can lead to increased efficiency in industries such as agriculture, healthcare, and education. For instance, farmers could utilise real-time data to optimise crop yields, while healthcare providers can implement telemedicine solutions to reach remote areas,” it said.

“Educational institutions could also benefit from improved access to digital resources, facilitating e-learning opportunities. Moreover, the 5G network is expected to attract foreign investment by providing the necessary infrastructure for tech startups and multinational companies seeking to establish operations in Benin. This influx of investment could lead to job creation and contribute to the overall economic growth of the country.”

Related Topics:5G Benin Republic Featured MTN

Click to comment

Tech

Fintech startup DigMo launched in Zambia to gamify financial planning

Published

1 day ago

November 24, 2024

Isaac Dachen

DigMo, a gamified fintech startup which helps users to build wealth tools from low to middle-income earners, has been launched in Zambia.

CEO of the DigMo Group, Sylvia Brune, who made the announcement, says the platform which is licensed by the Bank of Zambia to operate a wallet, offers a secure, free digital money account with a special account for users to play a financial planning game which incentivises customers to get started putting money away for the future.

“By giving customers the chance to win big rewards, DigMo is encouraging sustainable habits,” said Brune.

She stated that with an initial rollout in Zambia, DigMo wallet’s first offering, Save to Win, will make putting money away regularly, easy and rewarding with no fixed costs or fees.

“DigMo Save to Win allows users to start with small amounts – from just ZMW10 (US$0.37) – for the chance to win prizes of up to ZMW500,000 (US$19,000).

“We are committed to financial planning innovation for low and middle-income earners across Africa. To achieve this meaningful impact, we approach this like a game studio – where we constantly create and test many new products until we find those with an outsized impact,” Brune said.

“If we just take existing products and make them more affordable or accessible, it is unlikely that we can dramatically change behaviours.

“To succeed, we have engaged directly with users, observing and learning from them to develop DigMo, a solution that will dramatically improve their financial well-being and meet their unique needs,” she added.

Tech

Kenya’s startup BuuPass partners with GiftPesa to launch digital travel vouchers

Published

2 days ago

November 23, 2024

Isaac Dachen

Kenyan digital ticketing and transportation management solutions startup, BuuPass, has entered into a partnership with fintech company, GiftPesa, to introduce digital travel vouchers ahead of the holiday season.

In a statement by BuuPass cofounder and CEO, Sonia Kabra, the move will offer a more flexible and convenient way for Kenyans to manage and gift travel arrangements during the bustling holiday period.

“We’ve noticed a growing demand for digital solutions in the travel industry, especially during peak periods like the holiday season,” said Kabra.

“This partnership with GiftPesa enhances the travel experience for our customers, offering them a convenient way to send travel tickets as gifts and have a safety net for unconfirmed travel dates.

“Unlike traditional paper vouchers that can expire or get lost, GiftPesa vouchers are valid for 12 months and can be redeemed in parts at over 3,000 outlets across the country.

“This flexibility allows recipients to use the vouchers for multiple trips or select their preferred destination, making travel more accessible,” she added.

Founded in 2016 by Kabra and Wyclife Omondi, BuuPass is a leading B2B2C mobility marketplace that enables users to search, compare, and book travel tickets via web, app, or USSD, while its SaaS platform helps bus operators manage their operations, inventory, and sales.

GiftPesa, on the other hand, is a fintech startup that provides businesses and individuals with a platform for creating digital vouchers.

The partnership between the two companies will introduce digital travel vouchers, helping users manage and gift travel arrangements during the bustling holiday period.