MTN calls for regulatory harmonisation across Africa

MTN Group’s fintech revenue grew year on year, boosted by outstanding performance in Ghana, Cameroon, and South Africa.

According to non-governmental organisations, warring factions are destroying telecom infrastructure and blocking the usage of satellite internet services.

Satellite tech is gaining traction on the African continent, with telecoms companies and governments agreeing to its use to achieve connectivity goals.

The telco says this initiative marks a significant to protect the planet and promote sustainable business practices.

The telco celebrated its 30th anniversary by promising to expand its financial services, which have become a lucrative business for the company.

The plans are included in the 2024 Finance Bill, as the government aims to raise an additional $2.5 billion (Sh323bn) in taxes in the financial year beginning in July.

The two companies say the agreement signifies an important step in advancing telecoms and digital connectivity in Africa.

The telco's earnings hit $1 billion, becoming the first company in the region to surpass the billion-dollar mark.

Introduced during a press conference in Maseru this week, Vodacom hopes the smart tracking solution will improve asset management and security.

Providing its quarterly financial results, the telco says it completed the modernisation of 140 network sites in different parts of the country during the quarter.

MTN Group says its team discussed working through partnerships to drive and advocate for accelerated digital and financial inclusion across Africa.