KENYA - Facebook’s founder Mark Zuckerberg says the social media network is studying the success of mobile money services in Kenya with a view to building similar products for other markets.
TANZANIA - The subsidiary of Helios Towers Africa Ltd announced the successful completion of the credit facility led by Standard Bank Group in a statement on Tuesday.
DRC - France Telecoms has completed the acquisition of 100 per cent shares of mobile operator Tigo in the Democratic Republic of the Congo (DRC) even as it edges closer to exiting the Kenyan market.
SOUTH AFRICA – The Cape Innovation and Technology Initiative (CiTi) has announced a new tech hub focused on travel technology.
The innovation cluster is expected to drive investment into the local and national economy by boosting tourism.
“We believe that travel technology has enormous transformative potential and that the creation of a TravelTech cluster to stimulate development and investment will benefit not only Cape Town but the entire country,” said CiTi chief executive Ian Merrington.
According to Cape Town Tourism, 4.6 million visitors arrived at Cape Town International Airport in 2015, of which 770 834 were international visitors.
According to consulting firm Horwath HTL, the city also had a high hotel room occupancy rate of 63.7% for the year, representing marginal growth of 0.2%, though the average room rate climbed 8.8% to R1 360.
“The tourism sector is a priority job creation area for the Western Cape and also a vehicle for sustainable economic growth.
A TravelTech innovation cluster gives us the opportunity to use our regional innovation leadership and competency to further accelerate the growth of business involved in travel and tourism,” said Beverley Schäfer, Western Cape Parliamentary Whip and chair of the Parliamentary Standing Committee on Tourism and Agriculture.
The cluster is expected to stimulate the development of applications and platform critical to expanding the travel technology space.
“In the Western Cape alone, there is a lot happening in the travel tech space and yet there seems to be a sense of dispersement, rather than an integrated and networked community,” said Maija de Rijk Uys, managing director of go2africa.
Booking startup Travelstart recently received $40m in venture capital funding and the hub will support travel specialist firms including MacGuffin&Fogg, go2africa and Explore Sideways, among others.
GHANA - Ghana’s leading telecommunication company, MTN Ghana, has said it would invest $96 million dollars in upgrading its information technology systems and networks this year.
KENYA - Safaricom, Airtel and Telkom Kenya will be compelled to share their 4G frequency spectrum with smaller telcos once allocated licences for commercial rollout of the technology.
AFRICA - Subscribers of mobile telephony across the world reached 7.4 billion in November last year, a five per cent increase over the 7.1 billion recorded in 2014. The figure included 87 million new subscribers.
UGANDA - The amount of money transacted through mobile money payments or mobile banking grew by Sh8.5 trillion in the year 2015.
SOUTH AFRICA - After almost two years of talks and strong opposition from rivals, the R7bn takeover bid of Neotel by Vodacom has collapsed.