Updates on trends of various African markets, including stock markets, real estate, commodities, and more.
As Starlink continues to expand its satellite internet service across Africa, the company has established a variety of pricing structures tailored to different markets. Understanding these costs is essential for consumers and businesses looking to leverage Starlink’s high-speed internet in their respective countries. Below is a detailed breakdown of the hardware and monthly fees associated … Read more
Starlink has officially expanded its satellite internet service to 12 African countries, with the recent additions of Ghana and Botswana to its growing network. This marks a significant milestone in the company’s mission to provide reliable internet access across the continent, particularly in areas where traditional infrastructure is lacking. Expansion Across Africa Starlink updated its … Read more
The African Development Bank Group (AfDB) has granted a significant boost to Dashen Bank, Ethiopia’s oldest and second-largest privately-owned bank, with a $40 million transaction guarantee facility. This facility is designed to support and enhance Dashen Bank’s trade finance capabilities, particularly for Small and Medium-Sized Enterprises (SMEs) and local corporates engaged in import and export … Read more
Overview of the Sale Uganda is set to sell a 60% stake in its state-owned telecom operator, UTel, for an initial sum of $225 million to Rowad Capital Commercial LLC (RCC), a Dubai-based investment firm. This move marks a significant development in Uganda’s telecommunications sector. Key Details Background on UTel Regulatory Context Implications READ: Starting … Read more
According to recent data from Ghana’s National Communications Authority (NCA), the telecommunications landscape in Ghana has seen significant developments in SIM card registration. Here’s a snapshot of the current situation: Background of the SIM Registration Exercise The NCA’s mass SIM Registration Exercise, which concluded in May 2023, was a major initiative aimed at establishing a … Read more
MTN Ghana has reported impressive growth across several key metrics in its 2024 half-year performance, reflecting the company’s continued dominance in the Ghanaian telecommunications market. Mobile Subscriber GrowthThe telecom giant recorded a 3.9% increase in mobile subscribers, bringing its total to 28.4 million. This growth underscores MTN Ghana’s robust market presence and its ability to … Read more
Fan Milk PLC (Ghana) has taken a significant step towards sustainable job creation within its value chain by supporting 10 street vendors in transitioning to full-time agents. This initiative, named ‘Project Sankofa,’ is part of the company’s corporate social responsibility (CSR) efforts, aiming to rekindle the excitement associated with Fan Milk products over the past … Read more
Hey folks! Exciting news for us tech-savvy people in Accra and across Ghana – Starlink has just received approval from Ghana’s National Communications Authority (NCA). If you’ve been following the developments in satellite-based internet technology, you’ll know this is a game-changer for our local tech scene. The approval of Starlink by Ghana’s National Communications Authority … Read more
Vodacom Tanzania’s recent acquisition of Smile Communications Tanzania has stirred discussions in the telecom industry. This deal marks a significant move for both companies and is expected to influence the telecom landscape in Tanzania. In this post, we’ll delve into the details, implications, and data insights surrounding this acquisition. Details of the Acquisition: Vodacom Tanzania … Read more
Spotify, the popular audio streaming platform, has announced a price increase for its “Premium Individual” service in Ghana. This premium service, which allows users to enjoy Spotify without any advertising interruptions, will see a change in pricing from GHS 17.00 per month to GHS 22.00 per month. In an email sent to subscribers, Spotify explained … Read more