Orange Egypt supports African startups with investment
Orange Egypt invests $52.7 million in African startups. Over 40 startups have received funding from Orange Egypt.
MTN Nigeria to obtain two additional payment licences for MoMo PSB
MTN Nigeria applied for PSSP and PTSP licenses for MoMo PSB. PSSP license allows MoMo PSB to offer payment processing gateways.
Nigeria’s Wealthtech Startups Scramble To Survive As Wealth Grows Scarce
Inflation in Nigeria rose from 25.08% in 2023 to 32.15% in 2024. 37% of Nigerians earn below NGN 100 K (~USD 60.00) monthly.
MTN Nigeria grows data, fintech services amid forex losses and economic hurdles
MTN Nigeria's service revenue grew 33.6% in Q3 2024. Data revenue increased by 52.3%, driven by demand for digital services.
Lending product drives MTN Nigeria's fintech revenue growth in H1 2024
MTN Nigeria reported a 2.9% increase in total subscribers, reaching 79.4 million. The telco's fintech business saw 11% revenue growth primarily due to its airtime lending product Xtratime and the adoption of its mobile money services, MoMo.
