The Daily Brief: MTN re-launching Mobile Money in SA, and more

MTN is set to relaunch its mobile money service in South Africa while Safaricom has partnered with Jubilee insurance to offer home insurance. In Zambia, there's a $2 Million Cryptocurrency Scam. That and more in today's brief.

Africa50 to spend $400m on Kigali Innovation City

The Kigali Innovation City is one of the major projects that Rwanda initiated to drive its ambitions of becoming a knowledge-based economy. Now, Africa50, a pan-African infrastructure investment firm, will invest $400 million in the project. The New Times.

Stanbic Bank launch live foreign exchange trading portal

The e-Market trader digital platform will allow Stanbic customers in Tanzania to trade currencies at their convenience and offers real-time pricing for 64 currencies based on the market’s performance. The Exchange.

Safaricom Partners With Jubilee Insurance To Offer Home Insurance

Through the partnership, Safaricom customers will be able to insure their household items if they partake its new Home Fibre Plus product. The product will combine mobile voice, mobile data, SMS and Home Fibre in one package. Kenyan Wall Street.

Vodacom appoints new Managing Executive for IoT Africa

Peter Malebye has been appointed as the Managing Executive for Internet of Things (IoT) Africa Vodacom Group Business. He previously held the position of Managing Executive responsible for Industrial/Commercial IoT and Operational Technology commercialization at BCX. IT News Africa.

World Bank launches Francophone Africa-focused accelerator

Launched yesterday and dubbed Afrique Excelle, the accelerator is aimed at supporting scalable tech ventures in the late seed or pre-Series A stage. Implementation will be done by World Bank Group, implemented by a consortium of VC4A, Suguba, and SahelInnov. Disrupt Africa.

New taxi-hailing app Vutaride launches to take on Little, Uber & Taxify in Kenya

The company is banking on USSD as its competitive edge over its competitors such as Uber, Taxi, Little among others with its introduction of USSD Code *401#. Passengers can choose between normal saloon taxis, Tuk Tuk and boda-boda in a number of local languages in East Africa. TechMoran.

MTN re-launching Mobile Money in SA

Group CEO and president Rob Shuter told delegates at the AfricaCom conference in Cape Town this morning that the telco would bring the service back to SA in the first quarter of 2019. In September 2016, MTN SA announced it was decommissioning the Mobile Money (MoMo) offering in the country due to lack of commercial viability. IT Web. Additionally, the company is also looking to apply for a mobile money license in Nigeria according to Rob.

Zambia Hit by $2 Million Cryptocurrency Scam

Three directors from the Zambian firm, Heritage Coin Resources Limited, have been arrested by the country’s Drug Enforcement Commission (DEC) after they were accused of running a cryptocurrency scam. The accused are Hilda Agnes Agnes Raubenheimer of Salama Park, Orient Rio of Ibex Hill and Tapiwa Chirwa. Bitcoin Africa.

Rwanda’s Sobek and Khenz enter ticket advertising partnership

This will see both Kigali-based companies offer a more targeted way of advertising to travelers in Rwanda. Currently, the partnership – which is based on revenue share – is in a pilot phase. Digest Africa.

Digest Africa


Digest Africa Technologies Ltd
Ntinda Complex,
Block B, Level 3 Ntinda,
Kampala, Uganda

© Digest Africa Technologies Ltd 2023.
All Rights Reserved.