Airtel Archives - AfricaBusiness.com

16Dec

By Africa BusinessNo Comments

Fintech

Chimera Investment LLC invests $50m in Airtel Africa’s mobile money business

Further to previous announcements, most recently on 16 November 2021, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the introduction of Chimera Investment LLC as an additional investor in Airtel Mobile Commerce BV (‘AMC BV’), through a $50m secondary purchase of shares from a subsidiary of Airtel Africa plc (the ‘Transaction’). AMC BV is the holding company for several of Airtel Africa’s mobile money operations; and ultimately is intended to own and operate the mobile money businesses across all of Airtel Africa’s fourteen operating countries. Chimera Investment LLC, through its subsidiary Chimetech Holding Ltd., now holds a minority stake in AMC BV alongside the other minority investors, w...

17Nov

By Africa BusinessNo Comments

Fintech

Airtel Money drives efficiency for businesses through Airtel Africa Developer Portal

Airtel Money, the dedicated mobile money platform, is driving better efficiency for businesses to engage in seamless mobile money activity with its upgraded Airtel Africa Developer Portal. The portal, using several Open APIs and solutions, integrates remote payments with Airtel Money wallets, to provide greater ease of access for Airtel Money services across multiple business sectors and regions across the Continent. The portal enables Airtel Money to better respond to the rise in popularity around digital money services and ecommerce platforms across Africa. This highly secure and seamless portal was created especially for those merchants and e-commerce businesses to create, discover and integrate into Airtel Money’s fast growing library of Open APIs. The APIs available on the portal al...

22Mar

By Africa BusinessNo Comments

Fintech

The Rise Fund to invest $200 million in Airtel Africa’s mobile money business, at $2.65 billion valuation

Airtel Africa to explore potential listing of mobile money business within four years. Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announced on 18th March the signing of an agreement under which The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, will invest $200 million in Airtel Mobile Commerce BV (“AMC BV”), a wholly-owned subsidiary of Airtel Africa plc (the “Transaction”). AMC BV is currently the holding company for several of Airtel Africa’s mobile money operations; and is now intended to own and operate the mobile money businesses across all of Airtel Africa’s fourteen operating countries. The Transaction values Airtel Africa’s mobile money business at $...

10Apr

By Johan BurgerNo Comments

Business, Egypt News, Ghana News, Main, Nigeria News, Rwanda News, Tech, Uganda News

Friday@Noon on Financial Services in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The financial services industry in Africa has seen a lot of development throughout the past few years, as was the case in 2018. Mobile telephony has driven the US$300 million monthly transactions in Africa from 7.2 million new people (up 250% from 2012) using digital financial services and 45,000 new banking agents due to a financial inclusion project. Financial inclusion in Sub-Saharan Africa has increased from 23% in 2011 to 43% in 2017. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neigh...

3Dec

By Africa BusinessNo Comments

African News

Airtel and Ericsson making history in African network transformation

By Thandisizwe Mgudlwa Airtel has completed the largest network transformation in African Telecoms history - and is partnering with Ericsson for the comprehensive upgrade of a network to deliver superior service. Otherwise known as Bharti Airtel, the leading telecommunications services provider with operations in 20 countries across Asia and Africa, recently said that it has undertaken an end-to-end network transformation program across its mobile operations in 16 African countries. The program, which is the largest of its kind on the African continent, in partnership with Ericsson involved a comprehensive upgrade and expansion of network elements on all of Airtel’s African operations, including switching, radio, network management, data, charging, and consumer-services platforms and sys...

20Nov

By Chancy NamadzundaNo Comments

African News

Airtel Malawi launches new promotion, Timaitha Fiesta

By Chancy Nanadzunda Airtel Malawi on Tuesday launched a new promotion called Timaitha Fiesta with an aim of enriching its customers’ day to day lives. Speaking at the launch, Airtel Malawi Deputy Managing Director Maurice Newa the promotion will see 32 people from every district winning a scholarship valued at K100 000 every week . The promotion will run for 13 weeks which translates to 416 beneficiaries. “In addition, 10 winners from each district will get a ZTE handset each week while another ten customers will also get K1000 worth of airtime weekly,” said Newa He added, “We are launching this promotion because we appreciate that during this time of the year, our customers have many financial commitments such as farming, Christmas as well as taking care of other b...

20Nov

By Africa BusinessNo Comments

African News, Kenya News

Airtel introduces new service in Africa

By Thandisizwe Mgudlwa Bharti Airtel says its customers in Africa will now get Free incoming calls while roaming on its South Asia Network. This is the worlds’ first intercontinental roaming facility offering free incoming calls leverages Airtel’s network reach in India, Sri Lanka and Bangladesh To benefit African businessmen, tourists and students traveling to the Indian sub-continent, The announcement was made last week in Nairobi, Kenya. Airtel, a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, introduces the world’s first free intercontinental incoming roaming service by including India, Bangladesh and Sri Lanka to its current bouquet of "ONE NETWORK" services for its African customers. Also, Airtel c...

8Nov

By Africa BusinessNo Comments

African News, Malawi News

Airtel Malawi delights two customers with cash prizes

By Chancy Namadzunda Airtel Malawi handed over K1.5 million to two customers who were grand winners in the Airtel Rising Stars Promotion which ended a few months ago. The two, Pamba Ngulube and Nancy Kuntha Yolamu came tops in the ARS and Lololo Fiesta respectively. They were supposed to fly to England to watch the English Premeir League game this month but failed to travel because they have denied a Visa. Airtel Malawi Public Relations Manager Edith Tsilizani said the company is proud because the prizes will make a difference in their subscribers' life. "What matters most to us is to make our customers happy. Though they failed to fly, the altenative prize will make a difference. "We want to demonstrate that everybody in Malawi can unleash the opport...

3Nov

By Africa BusinessNo Comments

African News

Airtel Nigeria appoints Segun Ogunsanya as Chief Executive Officer

Segun Ogunsanya will be responsible for defining and delivering the business strategy and providing overall leadership for Airtel Nigeria LAGOS, Nigeria, November, 2012/African Press Organization (APO)/ – Bharti Airtel (http://www.airtel.com), a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, today announced the appointment of Segun Ogunsanya as the Chief Executive Officer of Airtel Networks Ltd, Nigeria (“Airtel Nigeria”). Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/airtel.jpg Mr. Ogunsanya, who will be responsible for defining and delivering the business strategy and providing overall leadership for Airtel Nigeria, will report to Manoj Kohli, CEO (International) and Joint MD, Bharti A...

17Oct

By Chancy NamadzundaNo Comments

African News, Malawi News

Teacher wins Airtel Malawi grand prize

By Chancy Namadzunda A 40 year-old secondary school teacher, Albert Kamoto, has emerged a lucky winner of the K5 million grand prize for Airtel Malawi Yabooka SMS promotion during a draw held on Tuesday in Lilongwe. “I am very happy to win such a lot of money, my life will really be changed since I will use it to par for my further studies at the University of Malawi,” said Kamoto who teaches at Machinga Community Day Secondary School. The K29 million SMS promotion was launched following the success of the Yabooka mega promotion which the company held for three months. “Airtel believes in empowering Malawians by coming up with meaningful promotions whose prizes change their lives. We conduct promotions that impact positively on people’s lives and it is for that reason tha...