TechPression

Author: Daisi Victory

  • Telecoms sector accounts for 16.06% of Nigeria’s GDP in 2023

    Telecoms sector accounts for 16.06% of Nigeria’s GDP in 2023

    The success of the ICT industry may also be attributed in large part to the contributions made by the telecoms industry.

    In the second quarter of 2023, the telecoms and information services sector became the third largest contributor to Nigeria’s GDP. The Nigerian Bureau of Statistics (NBS) commissioned a comprehensive report on the country’s economy, and this result is just one of several. 

    The survey found that telecommunications contributed 16.06% to GDP growth across the country. First place went to crop production (20.66%), followed by trade (16.80%). Nigeria’s GDP increased by 2.51% in Q2 of 2023 despite the country’s economic crisis. The country had a GDP of N52.10 trillion in nominal terms. The real GDP as of the second quarter’s end was N17.72 trillion.

    Read also: South African telco, Bam Telecoms launches smartphone line

    Telecoms not only made it onto the list of most important contributors, but they were also instrumental in the ICT industry’s remarkable performance. ICT made a 19.54 percent impact on GDP. 

    It’s important to note that ICT covers four subfields. These include the fields of broadcasting, publishing, motion pictures, sound recording, and music production. The NBS study found that the IT industry increased by 41.67 percent in nominal terms. There was a 27.56 percentage point gain from Q2 2022 to Q2 2023. The information and communications technology industry grew nominally by 11.6%.

    Telecom Blazes The Trail

    The present economic crisis has had an impact on Nigeria’s telecoms sector, as it has on many others. According to the NBS report, it has shown resilience in its recent performance. The number of internet users in Nigeria will increase by 9 percent in 2022, according to research by the Nigerian Communications Commission. 

    In June of 2023, MTN had more subscribers than any other company (84,663,653). The next three largest were Airtel (27.39%), Globacom (27.1%), and 9mobile (6.28%). The telecom industry, however, has hit a few speed bumps recently.

    Since May 2023 (159,598,451), Nigeria’s total number of internet users has decreased to June 2023 (159,498,836). In addition, by June of 2023, just 47.01% of American homes have broadband. There is a 1.27% change from the rate in May 2023 (48.28%) to the current rate.

    Telecom companies have been dropping hints about possible price increases for data, calls, and SMS messages during the past week. The telecommunications companies stated a review of the current pricing system was coming due to the rising cost of diesel and frequent regulatory involvement. Until further research is done, it is impossible to say if a rate increase will help or hurt its contributions to the national GDP.

  • MTN Uganda’s double digits growth due to fintech, data utilisation 

    MTN Uganda’s double digits growth due to fintech, data utilisation 

    MTN Uganda‘s service revenue reached Ush 1.25 trillion, or $335 million, in the first half of 2023. This is the equivalent of the company’s revenue in 2018.

    This demonstrates a substantial increase in the company’s growth. The growth of phone, data, and fintech services were the primary contributors to this 15% increase, as stated by the CEO Sylvia Mulinge.

    In spite of the fact that inflationary pressures are being applied, she highlighted the fact that this is in accordance with the goals of the business and demonstrates resiliency in performance.

    Read also: Safaricom Ethiopia appoints MTN Uganda CEO as its new boss

    Voice revenue, which grew by 9.4% to 568 billion Ush, was one of the most important drivers since it was the one that climbed the most. The increase in the number of customers served, from 910,000 to over 18 million, was what made this achievement attainable. MTN was successful in alleviating congestion on its network by migrating customers to its 3G service and increasing the quality of the user experience overall. Other nations, in contrast to Kenya, which has already begun delivering 5G services, continue to struggle with the difficulty of shifting subscribers to more modern networks. Kenya has already begun offering 5G services.

    Another factor that contributed was a 22% growth in data income, which totalled 290 billion U.S. dollars. This was because there was a 21% increase in the number of active data users, bringing the total number of users to 6.9 million. The number of people using smartphones climbed by a total of 24 percentage points, reaching a new all-time high of 36 percent of the population. MTN was able to increase the number of customers it had by providing financing options such as TakeNow and selling inexpensive Kaboda smartphones that came packaged with data subscriptions. Given that Mulinge was formerly in charge of consumer business at Lipa Mdogo Mdogo, it really shouldn’t come as a surprise that Safaricom has reproduced the success of Lipa Mdogo Mdogo.

    MTN Uganda Loyalty Program Now Offers aYo Insurance

    Further Increase in Fintech Revenue

    There was an 11% increase in the number of persons using fintech, which brought the total number of users to 10.9 million. This led to a 19% increase in income, which brought the total to 358 billion Ugandan Shillings. The growth was mostly driven by monetary transactions, including payments and remittances. The amount of businesses that accept MoMoPay has climbed by 223% and now stands at 267,000. As a consequence of this, the number of transactions rose by 26%, reaching 1.6 billion, while the value of those transactions rose by 45%, reaching 62 trillion U.S. shillings. However, there were 162,000 fewer agents, a 6% decrease from the previous year.

    According to Mulinge, attempts to digitise customer value chains through MoMoPay and improve remittances have driven the advanced revenue contribution up 8.8 percentage points to 26.3%, which has enabled the company to fulfil its medium-term goals. This has allowed the company to move forward with its long-term plans.

    These numbers highlight the significance of MTN Uganda’s financial technology services to the company’s income.

  • Djembe Consultants announce 10th Anniversary in Egypt 

    Djembe Consultants announce 10th Anniversary in Egypt 

    Djembe Consultants has announced a six-month campaign in Cairo, Egypt to celebrate the Consultancy’s 10th anniversary by showcasing a diverse team, clients and partners.

    Djembe Consultants is an award-winning consultancy that specialises in the African and Middle Eastern (MEA) regions. 

    Since its founding, Djembe has successfully assembled an interdisciplinary group of foreign communications experts and homegrown talent from across the Middle East and Africa. In the Middle East and Africa (MEA), the Consultancy has emerged as a trusted advisor to local, regional, and global organisations thanks to its multinational approach, which combines local insights with global best practices.

    In addition to reaching out to significant international markets in the Americas, Asia, and Europe, the Djembe team has supported strategic communications and reputation management projects in 36 African and 13 MENA nations over the past decade.

    Read also: Students design exam papers distribution robot in Egypt 

    In the second half of 2023, Djembe will highlight ten years of achievements in funding initiatives that have spread a message of hope, prosperity, diversity, and originality. Djembe’s special place in the innovation ecosystem will be highlighted in the commemorative campaign, as will the Consultancy’s role as a driver of expansion and new business creation across a wide range of sectors in the Middle East and North Africa.  

    CEO Mitchell Gary Prather of Djembe Consultants made the following statement in honour of the firm’s 10-year anniversary: “As Djembe Consultants celebrates our 10-year anniversary, we have a great opportunity to reflect on our successes. This is a huge accomplishment that is proof of the value we provide to our clients and the excellence of the Djembe team. Our substantial presence in Africa and the Middle East has allowed us to run intensive workshops for incubator and accelerator programmes, provide guidance to hundreds of startups and innovators, and raise over $3 million for businesses in the region. To further improve trade finance and societal growth, the Djembe group has backed multi-billion dollar client commitments. 

    Djembe will use its tenth anniversary to look forward as well as backward, detailing its plans for the next decade. A diverse range of clients in key economic growth sectors and an ambitious social development agenda have helped the firm secure a steady stream of mandates from MENA-based organisations, putting it in a strong position to continue supporting the region’s socioeconomic development. 

    Djembe’s determined and enthusiastic approach to planning and executing communication programmes has proved incredibly appealing to a wide range of clients, from SMEs to trade finance and development organisations, sovereign wealth funds, promising start-ups, and innovators.  

    The International Islamic Trade Finance Corporation has renewed its five-year client relationship with Djembe as its agency of record.   

    For the past five years, Djembe has spread awareness of the Zayed Sustainability Prize throughout Africa and the Middle East. 

    Djembe’s knowledge and experience have been put to use in a variety of areas, including anti-money-laundering and African Free Trade Agreement (AfCFTA) campaigns, investment funding, product launches, trade finance and development projects, and small and medium-sized enterprise (SME) accelerator programmes. 

    Djembe has been closely working with several organisations to help them recover from the consequences of the COVID-19 pandemic from the years before the outbreak.   

    Prather said, “As soon as the pandemic unfolded, Djembe leveraged our broad network to join forces with organisations large and small, public and commercial, to focus on helping communities realise the advantages emerging from attaining the UN Sustainability Development Goals.  Djembe’s vast capabilities go well beyond merely supporting client efforts; they also advance a social development agenda by closing the digital divide, boosting financial literacy, fostering the adoption of green solutions, campaigning for the advancement of marginalised communities, and more. We can’t wait to show off all of our hard work and successful outcomes during our ten-year anniversary party later this year. 

    Egypt fintech Masroofi secures $1.5 million for expansion

    About Djembe Consultants

    Djembe Consultants, taking its name from a traditional West African drum, is a leading communications firm serving the Middle East and Africa. The company’s goal is to become the communications partner of choice in the MEA region by providing clients with world-class services that leverage the company’s global expertise, local market capabilities, and tailor-made solutions. A network of in-house specialised consultants in developed and emerging markets in Asia, Europe, North America, and the Middle East complements Djembe’s home-grown teams in Ghana, Egypt, Kenya, Morocco, and Nigeria. 

    Djembe is a full-service reputation management firm that aims to alter the public’s perception of Africa and the Middle East through its crisis communications, digital engagement, event management, expert positioning, international stakeholder engagement, media engagement, public affairs advice, brand development, and design application. The Consulting Firm provides guidance on global market entry strategies that account for the specifics of different MEA countries. Djembe’s reputation management services are founded on effective, data-driven communications strategies that frequently coincide with multifaceted stakeholder contexts.

  • Battery health deteriorates as date of new iPhone approaches 

    Battery health deteriorates as date of new iPhone approaches 

    There is a common belief that iPhones’ batteries begin to perform less well as the release date of a new iPhone approaches. 

    When a new iPhone model is due to be introduced, many people mistakenly believe that the battery life of their current iPhone is deteriorating.

    Despite the jokes, there are indications that the value of an iPhone can diminish with age. This isn’t only an issue with battery life; it also raises concerns about potential app restrictions imposed by iOS. Alvin reported an odd example where the health of the battery in his iPhone 14 Pro Max was decreasing by one percent per week.

    Read also: Apple launches iPhone 15 series on September 13

    Not only did Alvin have this condition, but numerous others did as well. Matt Navarra, a well-known tech blogger, said that his iPhone’s battery health had been at 95% up until recently, but has dropped to 90% in the weeks leading up to Apple’s expected debut of a new iPhone model.

    The correlation between battery life and the number of days before a new iPhone is introduced begs the question. Or maybe the iPhone’s battery life indicator isn’t as accurate as we believe it is. This line of thinking compelled me to look into the matter further and discover an explanation for Apple’s reliance on Lithium cells.

    The rest of this article delves into the long-term behaviour of lithium batteries like those found in smartphones and laptops, as well as the trade-offs involved and the reasons why some businesses, like Apple, build products to charge the battery to 100%.

    Lithium batteries lose capacity over time due to normal wear and tear from use and charging. When a battery is first manufactured, it has the potential to store a full charge. But the battery’s capacity to retain a full charge gradually declines as it ages. Degradation describes this process. As a result, battery life expectancy shortens when it’s taxed to its absolute limit (100%).

    iPhone 14 Review: Pros And Cons

    Explanation Of How the iPhone Battery Works 

    Batteries lose capacity with time, making it harder to use them to their full potential. This results in a gradual decrease in the rate at which the battery’s capacity depletes. And because the battery has trouble charging to its full capacity, the pace of degradation slows down with time.

    Methods used by Apple Although it may hasten the battery’s initial decline, Apple gadgets are built to be charged to their maximum capacity. The rationale for this is that a fully charged battery will last longer before needing to be recharged. Therefore, while the battery may begin to degrade a little more quickly while it’s brand new, customers enjoy the benefit of a longer period before needing to charge their gadget.

    Balancing Apple may have to compromise by designing its batteries such that they can only be charged to 80% of their capacity. Even if the battery life might be extended in the long run, customers would have to charge their smartphones more frequently because they would have less juice to begin with.

    Like Alvin and many others, have you observed that the health of your iPhone’s battery has been deteriorating? If your Apple device employs lithium-ion cells, the aforementioned variables may be to blame for the battery’s declining health. Your device’s battery will gradually lose some of its ability to hold a charge as time goes on due to natural degradation. Some iPhone users have noticed a decline in battery life, which may be attributable to this occurrence in addition to other factors.

  • Tech companies drive AI development for Africa’s languages

    Tech companies drive AI development for Africa’s languages

    There is a determined effort being made to ensure that those who speak Shona, Hausa, Xhosa, Kiswahili, and a variety of other African languages have equal access to the most recent advancements in technological fields. 

    Among these languages are Swahili, Xhosa, and Kiswahili.

    An early innovator in the field of technology named Kathleen Siminyu, who currently resides in Kenya, was once reported as saying, “It’s puzzling that there are so few AI tools for African languages.” Through the work that she does at the Masakhane Research Foundation, she has made it her mission to make artificial intelligence (AI) tools as accessible as possible to those who speak African languages.

    Read also: Alibaba Cloud unveils Qwen-VL and Qwen-VL-Chat for AI 

    The authors of the research highlight how important it is to provide assistance for material that was produced in Africa. They emphasise how important it is to develop fundamental resources such as dictionaries, spell checkers, and keyboards for these languages, in addition to lowering the financial and administrative barriers that prevent government statements from being translated into a variety of national tongues, including African languages.

    The organisation’s goal is to broaden the scope of its investigation and find solutions to problems that could make it more difficult to use the technology. Their discoveries have the potential to contribute to the preservation of African languages that are native to the continent.

    They did agree that there were certain limitations within their group, but they pointed out that “all of the researchers who participated in this study are Anglophone.” According to what was mentioned by them, “because of this, the participation of Francophone and Lusophone African stakeholders from relevant groups is absolutely necessary.”

    OpenAI, Scale AI partners to advance AI technology

    About Artificial intelligence 

    The simulation of human intelligence processes by machines, most notably computer systems, is referred to as artificial intelligence (AI for short). Expert systems, natural language processing, speech recognition, and machine vision are all examples of specific uses of artificial intelligence.

    The term “artificial intelligence” (AI) is often used to refer to the process of recreating human intelligence in computer programmes or systems. Learning, reasoning, and perception may all be improved with the help of computers, which is one of the goals of artificial intelligence. Today, artificial intelligence is being employed in a wide variety of fields, from banking to healthcare.

     

  • Kobo360 appoints Ciku Mugambi Head supply chain logistics

    Kobo360 appoints Ciku Mugambi Head supply chain logistics

    The Nigerian company in the logistics industry known as Kobo360 has appointed Ciku Mugambi to the position of CEO. 

    This decision was made subsequent to the recent appointment of Obi Ozor as the commissioner of transport in Enugu State. Obi Ozor was one of the co-founders of Kobo360.

    Mugambi, who was born in Kenya, started working for the Nigerian logistics firm in October 2021. 

    At that time, she held the position of Chief of Staff and was responsible for managing Investor Relations. Her resume also includes positions held at IFC (International Finance Corporation), most notably those of Associate Investment Officer and Investment Analyst, both of which she held at that organisation.

    When reviewing her LinkedIn profile, it is easy to deduce that the majority of her work experience has been concentrated in the areas of investment and financial analysis. She has a proven track record of competence in doing exhaustive due diligence and actively contributing to the expansion of technology-driven enterprises in Sub-Saharan Africa as well as other locations around the world.

    Read also: Enugu State appoints Kobo360 CEO as commissioner for transportation

    Ciku Mugambi Strategic Leadership

    It is anticipated that Mugambi would provide a significant amount of knowledge to the activities of the organisation. Because of her participation, Kobo360 will make considerable progress towards achieving its aim of revolutionising supply chain logistics and fostering inter-regional trade through the application of technical innovation.

    Mugambi’s wide professional background suggests that the organisation could benefit from the skills and information she possesses, which could give useful contributions. Because the long-term vision of Kobo360 and her professional experiences are so closely linked, she is an excellent candidate to boost the company’s operations in several crucial ways, including the following:

    She has honed her strategic thinking and leadership abilities through her previous roles as Chief of Staff and in Investor Relations, in addition to her current role as a Venture Partner. Her experience has allowed her to develop these skills. This puts her in a position to provide clear leadership, to set lofty goals, and to devise comprehensive strategies.

    Investment and Business growth: In her job as an Associate Investment Officer at IFC, Mugambi has gained extensive insights into equity investments and methods to business growth. This priceless expertise could be the deciding factor in getting investments, forming collaborations, and increasing Kobo360’s reach in the market.

    Tech-Driven Innovation

    In her roles as an Investment Analyst in venture capital and a Senior Financial Analyst specialising in technology-focused deals, she has amassed a wealth of knowledge about technological innovation. These roles have allowed her to play an instrumental role in the development of new technologies. Her prior experience puts her in an excellent position to steer the technology-driven activities at Kobo360.

    Ecosystem Development

    Leveraging her expertise in ecosystem development and strategic execution for the digital economy, she has the potential to lead Kobo360 in the process of developing a robust and active ecosystem. This ability gives her the opportunity to take on a leadership role in the company. This ecosystem has the potential to be constructed in such a way that it fosters and encourages innovation within the logistics industry.

    Excellence in Operational Management Because of her managerial history at KPMG, where she oversaw financial due diligence and business appraisals, she offers the expertise necessary to optimise Kobo360’s operations, reduce expenses, and increase the effectiveness of the entire supply chain.

    Mugambi’s experience in a variety of countries and marketplaces, including those in Africa and India, has provided her with a worldwide perspective that would be of tremendous use to Kobo360. By drawing on her expertise, the company is able to expertly manage the complexities of cross-regional trading, thereby paving the way for an extended footprint that extends beyond Nigeria.

    Ayo Fashina, who most recently served as the company’s chief financial officer and has been promoted to the position of chief operational officer, will provide assistance to Mugambi in his new role.

  • ChatGPT Android App gains early users in Nigeria, other African countries 

    OpenAI has been keeping its word and spreading the Android version of the ChatGPT app further and further.

    Again, the West African nation of Nigeria has beaten the rest of the world to the punch when it comes to access to cutting-edge artificial intelligence software.

    The software will be available for pre-order on the Google Play Store in Argentina, Canada, France, Germany, Indonesia, Ireland, Japan, Mexico, the Philippines, the UK, and South Korea.

    Users in Argentina, Canada, France, Germany, Indonesia, Ireland, Japan, Mexico, Nigeria, the Philippines, the UK, and South Korea can now download the ChatGPT app for Android!

    Post by OpenAI (@OpenAI) dated July 27, 2023

    Nigeria was the first African country to receive access to the Chatbot after it was released for iOS in May. 

    Former OpenAI CEO Sam Altman once met with key players in Nigeria’s tech scene during an event held at Lagos’s Muson Centre. 

    The goal of the event was to make artificial intelligence technology more widely available across Africa, therefore speakers at the event highlighted new technologies and strategies to engage with the African tech community.

    The Values and Mistakes of ChatGPT

    Since its release, OpenAI’s ChatGPT has attracted a lot of interest thanks to its outstanding applications. The Android version was just released last week, and the company said it will be available in 16 countries around the world.

    The Value of ChatGPT

    Effectiveness: It can handle more data than a person could and respond to it quickly.

    ChatGPT is accessible at any hour of the day or night, every day of the year. Those in urgent need of help or information would appreciate this.

    ChatGPT’s flexibility comes from its ability to cover a wide range of subjects. It has a wide range of applications, from FAQs to customer service.

    Accuracy: The information provided by ChatGPT is generally correct. It’s capable of providing replies that are grounded in a wealth of facts.

     

    Mistakes in ChatGPT

    ChatGPT may be biassed according to the training data it was given. ChatGPT might be biased if the data it was trained on was itself biased.

    ChatGPT’s information delivery may lack context at times. The complexity of human discourse and interaction may be beyond its comprehension, resulting in inappropriate reactions.

    ChatGPT might not have access to all the data required to offer a complete answer. This could be because of restrictions imposed by the training data or by the nature of the question being asked.

    Due to its limits in understanding human language, ChatGPT may misunderstand your inquiries or statements. This may result in incorrect assessments or miscommunications.

    Offering information and “help” is a breeze with this handy tool.

    The chatbot app is now available for download on Android devices in Nigeria. Users in other African nations, such as Kenya and South Africa, will likely get the app soon.

  • Telkom’s lawsuit against SA President Cyril Ramaphosa succeeds 

    Telkom’s lawsuit against SA President Cyril Ramaphosa succeeds 

    A Presidential Proclamation gave the Special Investigation Unit (SIU) the ability to look into questionable arrangements made by Telkom, but the Pretoria High Court reversed that decision. 

    Telkom is a company in which the government owns a share; thus, in January 2022, President Cyril Ramaphosa issued a proclamation authorising the Special Investigative Unit (SIU) to look into possible wrongdoing within the company.

    According to Ramaphosa, Telkom’s sale of its failed Nigerian venture Multilinks in 2011 and its sale of iWayAfrica and Africa Online Mauritius in 2013 should be investigated by the Special Investigations Unit (SIU).

    Read also: Clickatell, Telkom launch WhatsApp “chat-2-pay” in South Africa

    According to comments made by the late Minister of Communications Roy Padayachee in July 2011, Telkom lost R7 billion as a result of its March 2007 acquisition of Multi-Links.

    In July of last year, Telkom took the matter to the Pretoria High Court, arguing that the investigation was unlawful and should be nullified. 

    Despite the fact that “SOC,” an acronym for the state-owned corporation, appears in Telkom SA SOC Limited’s full legal name, the company has contended that the President exceeded his authority because Telkom is not a state entity under the SIU Act. Despite the fact that “SOC” appears in Telkom’s legal name, this is the case.

    A year later, the High Court in Pretoria declared the proclamation null and void with no force or effect because it was issued in violation of the law. In addition, it gave Telkom responsibility for the expenses. Telkom has indicated that it has conducted the necessary investigations into the issues outlined in the proclamation and has taken the necessary corrective steps, which may include filing relevant legal procedures.

    According to Telkom, it has always been dedicated to following good corporate governance practices, and that dedication will not waver anytime soon.

    Telkom launches 5G Internet Data Plans in South Africa

    Telkom is in a bind

    The timing of the news is particularly difficult for the corporation because it coincides with the release of the fiscal year’s financial results, which left much to be desired. 

    The consolidated income statement showed that the company’s profits fell from R2.6 billion in FY22 to R346 million in FY23. This is a drop of 67.6 percent.

    However, the company also noted that some of the reported financials were pro forma because they relied on estimates of the company’s future performance and other fictitious data.

    It was noted that R13.071 billion in impairment impact and R3.47 billion in tax impact were included in the FY23 pro forma adjustments. This prevented further expenses of R1.065 billion, a tax impact of R288 million, and a write-up of invested capital of R10.479 billion for BCX and Gyro.

     

  • SA Vodacom CEO William Mzimba  resigns

    SA Vodacom CEO William Mzimba  resigns

    William Mzimba, CEO of Vodacom Business (a division of the Johannesburg Stock Exchange–listed Vodacom Group), informed his colleagues in a message that he would be departing the firm by the end of September 2023.

    William Mzimba, who has led Vodacom’s business division for the past five years, is to retire at the end of September 2023.

    Mzimba replaced Vuyani Jarana as Vodacom’s Business chief executive officer five years ago. No one at Vodacom believed in him internally. They said behind his back that this Accenture guy just couldn’t do what Jarana did for Vodacom.

    Read also: Tanzanian businessman sues Vodacom for $4 million privacy breach

    Vodacom, Mzimba, a mobile phone firm owned by Vodafone, has produced significant value over the previous five years. He kept Vodacom Business running well, and he took it to the next level as a business unit. 

    According to reliable sources, Mzimba will soon be joining either BSG (Business Systems Group) or MTN, where he will work with former Altron CEO Mteto Nyati. Nyati will take on the role of executive chairman at BSG, a business technology consulting firm, after purchasing a 40% stake in the company in November for an unknown sum.

    Mzimba, as head of the business unit, oversaw the acquisition of IoT.net, one of South Africa’s cutting-edge IoT businesses with global expansion plans. Its Internet of Things (IoT) strategy and its dedicated IoT business unit will both benefit greatly from the acquisition.

    Congo freezes Vodacom’s account and closes offices over tax dispute

    Vodacom Contract with Amazon Web Services

    In addition, he helped Vodacom make a major investment in Cloud infrastructure by negotiating a contract with Amazon Web Services (AWS). Vodacom will join Amazon Web Services (AWS) as a customer and a reseller of AWS services in Africa. Since the cooperation expands Vodacom’s offerings beyond just connectivity, the term “game-changer” is appropriate.

    The unique product-led move to a complete Cloud solution offering will be provided by Vodacom using AWS’ highly scalable and available cloud infrastructure. Vodacom, under Mzimba’s direction and insight, has a great chance of being the leading enabler and provider of IoT and cloud services in Africa.

  • Bank of Tanzania grants authorisation to DPO Pay for digital payment services

    Bank of Tanzania grants authorisation to DPO Pay for digital payment services

    The Bank of Tanzania has licensed DPO Pay, a subsidiary of One Payment Tanzania Limited and a leading provider of digital payment services in Africa.

    Payment service providers (PSPs) in Tanzania must go through a stringent licensing application process in accordance with the National Payment System Act, 2015.

    DPO Pay has been a prominent enabler of digital commerce in the Middle East and Africa (MEA) area since 2006, and it was recently bought by Network International. Since the requirements for providing safe and uninterrupted services to merchants and partners differ from country to country, the payments provider has worked closely with regulators throughout the continent to get new licences. 

    DPO Pay has substantial experience in the travel and tourism sector, and as a result, it has achieved widespread recognition and trust among prominent businesses across a wide range of sectors, including hotels and resorts in Arusha, Dar es salaam, and Zanzibar. The organisation has also become the go-to for big regional merchants including airlines, hotels, e-commerce sites, and logistics firms when it comes to accepting payments. DPO Pay is dedicated to growing its network by partnering with industry leaders and meeting the varying demands of merchants across a wide range of sectors.

    Read also: Kenya Grants DPO Group license to Operate Payment service

    Judy Waruiru, CEO of DPO Pay, said, “We are pleased to receive this approval from the Bank of Tanzania, which highlights our steadfast commitment to compliance and regulatory standards.” The success of businesses of all sizes in the digital age is a direct result of our efforts to provide access to financial services and promote economic growth in Tanzania. We are committed to maintaining a high standard for transaction security and will continue to implement rigorous data protection protocols and follow best practises in the industry. 

    Merchants and customers alike can have faith in the organisation because of the extensive security measures in place to protect their personal data and ensure honest dealings at all times. Merchants can now accept payments from customers anywhere, at any time, with the improved DPO Pay Mobile software.

    DPO Pay’s effective payment solutions make it possible for customers all over the African continent to use a wide variety of local and international payment methods. Its integrated payments system allows businesses of all sizes in more than 20 countries to accept payments safely, quickly, and in a variety of currencies and methods, such as credit cards, mobile money, bank transfers, USSD, and electronic funds transfers (EFT).

    Two Chinese fintechs dominate Nigeria POS market

    About DPO Pay

    DPO Pay is a payment service provider and payment gateway that allows businesses to collect online payments and get paid from shoppers in Kenya and internationally. Receive payments in KSH, USD, GBP, or any currency of your choice.

    DPO Group is the leading African payment service provider (PSP), Which enable businesses and individuals across the continent to accept payments online with all currencies and payment methods, including all major cards, mobile money, and e-wallets.