Tag: M-Pesa

DHL grow its logistics business, by acquiring stake in Mall for Africa’s Link Commerce

DHL grow its logistics business, by acquiring stake in Mall for Africa’s Link Commerce

Business, Startups
The logistics firm DHL has acquired an undisclosed minority stake in Mall for Africa’s Link Commerce, in a bid to grow its logistics business in Sub-Saharan Africa and other global emerging e-commerce markets. The acquisition in Link Commerce, the UK-based e-commerce firm helped it launch its DHL Africa eShop platform. DHL went live with the digital retail app in April, bringing more than 200 U.S. and U.K. sellers — from Neiman Marcus to Carters — online to African consumers. The move to offer Africa eShop to 20 of the continent’s 54 countries comes a month after Africa’s most visible (and well-funded) e-tailer, Jumia, went public. Jumia — which operates consumer retail and online service verticals in 14 African countries — raised more than $200 million in an NYSE IPO. Africa eSho
Peter Ndegwa takes over as CEO at Safaricom succeeding Bob Collymore

Peter Ndegwa takes over as CEO at Safaricom succeeding Bob Collymore

Broadband, Business, Technology
Peter Ndegwa is Wednesday set to take over as Chief Executive Officer at Safaricom to succeed Bob Collymore, who died of cancer on July 1, last year, a move that will make him the first Kenyan to run the giant telco. He will be taking over from founding CEO Michael Joseph, who has been holding the position in an acting capacity since. Mr Ndegwa, an alumnus of Starehe Boys Centre and former East African Breweries finance director, will be betting on M-Pesa, data business and Safaricom’s likely entry into Ethiopia to shape the leading telephone services company’s growth in profitability. The 51-year-old incoming CEO takes the reins at a time when businesses have been hard hit by the coronavirus global pandemic, meaning that he might have to work from home on his first

‘3G Direct Pay’ unveils Africa-wide mobile money service

Business, Mobile
3G Direct Pay has launched a new platform that enables cross border payments across different mobile networks. Reports Capital Business The new service is available to mobile phone subscribers in over five African countries, who can now pay and be paid across different mobile carriers. The platform will support numerous Mobile Money Wallets including – M-Pesa, Airtel Money, Tigo Pesa, Vodacom, and MTN. Merchants, working with 3G Direct Pay, will be able to conveniently accept payments in real time and will be able to use all cards, bank transfer and paypal from the same single connection. “We have seen an increased desire for people to be able to safely pay to merchants via mobile money accounts across networks and borders,” said Eran Feinstein, Managing Director, 3G Direct Pay Limite

Bitcoin Challenge: Companies Tackling The African Market

Business, Mobile
Bitcoin adoption in Africa faces a unique struggle not found in any other market. Rare factors that both help and hurt the digital currencies adoption come into play in just about every country on the dark continent. There are a range of factors that may help drive Bitcoin adoption in Africa; Local banking appears to be of little use in some areas of the continent, with only 2% of firms in Nigeria using banks to finance investment; Government fiat currencies are often unstable, Zimbabwe abandoned their national currency all together in 2009; And legacy remittance services charge fees that are among the highest in the world, with sub-saharan Africa rates costing 10% on average. Not only does this sound like an ideal breeding ground for bitcoin disruption, 85% of Africans already have cellph

Has the potential of ICTs to reduce conflict in Africa been over-hyped?

Cyber Security, Internet, Mobile
Information and communication technologies (ICTs) and new media have often been viewed as a solution to Africa’s myriad problems, including poor governance, conflict and poverty. From the M-Pesa mobile banking system in Kenya to the aggressive adoption of e-governance in Rwanda, the role of ICTs in improving Africa’s economy and governance systems cannot be underestimated. Writes Rasna Warah on cgcsblog However, while innovations and the use of ICTs on the African continent are on the rise, they have not necessarily reduced the threat of conflict. Evidence of a direct correlation between increased ICT penetration and innovations and peace and stability on the continent is sketchy at best, and quite often anecdotal, based usually on the innovators’ own assessment of the technology and its

SA mobile money flop prompts new models

Local industry players are looking to other models for mobile money transfer solutions, amid the failure of these to take off in SA - in stark contrast to other African countries where the same services have thrived. Most notably, M-Pesa - launched as a partnership between SA’s first mobile operator Vodacom and then big four bank Nedbank, in August 2010, has struggled to gain traction and currently has only a few hundred-thousand users in SA. The service has been held back by legislation and the integration needed to move money from a bank account to an electronic wallet. On the contrary, Tanzania and Kenya - as well as the Middle East’s Afghanistan - have seen massive uptake of the same service, gaining more than 10 million customers, while SA is still sitting on a few hundred-thousand,