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MTN deposits digital economy knowledge with IMF

5 August 2026 at 16:37

Senior MTN Group executives promoted the potential pan-African economic benefits of digitalisation during a meeting with the International Monetary Fund (IMF), moves they inevitably argued are boosted by the operator’s broad footprint.

MTN president and CEO Ralph Mupita (pictured, third from right) emphasised the importance of the operator group’s scale and global clout during the meeting with IMF first deputy MD Dan Katz (pictured, centre) and various of their staff.

The conflab formed part of broader talks Katz is holding with South African authorities and private sector players.

Mupita said wide-reaching collaborations can speed “Africa’s digital transformation” and Katz’ visit is an “opportunity to engage constructively with the IMF leadership”.

The executive explained “the discussion centred on the macroeconomic outlook across our key markets of South Africa, Nigeria and Ghana”.

“In particular, we discussed the power of the digital economy to drive sustainable growth across the continent.”

MTN highlighted it is working to boost digitalisation through its Ambition 2030 programme, which includes goals of broadening consumer and business access to connectivity, expanding fintech services, and extending the reach of fibre and availability of AI data centres.

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Airtel Africa progresses money unit IPO

24 July 2026 at 11:36

Airtel Africa CEO Sunil Taldar announced London as the preferred location for listing shares in its mobile money division, with the IPO expected to take place later this year.

In a trading update, the chief said he believed the UK capital city would provide access to a broad international investor base and “support our ambition to unlock the long-term value of one of Africa’s leading fintech platforms”.

Talking-up the impact of the service on its markets, he noted it continues to expand financial inclusion with “strong engagement”, highlighting Airtel Africa’s growing product range and an increase in digital adoption throughout the region.

In its fiscal Q1 2027 (the quarter to end-June), it had a mobile money customer base of 56.5 million, up 23% year-on-year, and processed a total of $61.4 billion, almost 52% higher.

ARPU from the service stood at $2.40, up 14%.

Although the executive did not expand on the current status of the plan beyond the timeline and location, Bloomberg reported earlier this year the operator could net between $1.5 billion and $2 billion from the share sale.

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Bharti Airtel shareholders back Africa move

15 June 2026 at 12:21

Bharti Airtel edged closer to completing a deal which would take its ownership of Airtel Africa to 79%, winning the backing of almost all of its shareholders to acquire an additional 16% interest in the business.

In a stock exchange filing, Bharti Airtel described the near unanimous support for the deal as reinforcing its confidence in the strategic rationale for the move and potential for long-term benefits.

The deal would see the company issue shares to Indian Continent Investment in exchange for its 16% stake in Airtel Africa and was announced in May.

Bharti Enterprises founder and chairman Sunil Bharti Mittal noted “Airtel Africa is central to our growth strategy and is well positioned to deliver robust performance with an increasing contribution to our consolidated revenues”.

“As we look ahead, we see significant potential in Africa for long-term shareholder value creation,” he added.

The deal is subject to regulatory approval.

Airtel Africa is listed on the London Stock Exchange with a secondary listing in Nigeria. It operates in 14 countries across the continent.

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GSMA sounds alarm on mobile gender divide

11 June 2026 at 15:29

GSMA warned 810 million women in low- and middle-income countries (LMICs) still do not use mobile internet, flagging slow progress in closing the digital gender gap.

In its latest Mobile Gender Gap Report 2026, the industry association found that in comparison, 595 million men in the same markets are not connected to mobile internet. Indeed, women in LMICs were 12% less likely than men to use mobile internet, leaving 200 million fewer women online.

Smartphone ownership remains a major barrier, as women in LMICs are 13% less likely than men to own a smartphone, equivalent to around 210 million fewer female owners.

The report found awareness of mobile internet is high and almost equal among men and women, but adoption continues to be held back by handset affordability, literacy and digital skills gaps. Even after women are connected, usage remains restricted due to safety and security concerns, data affordability and poor connectivity.

GSMA explained women are disproportionately affected due to social norms and structural inequalities, including lower education and income.

The report found the divide most acute in Sub-Saharan Africa and South Asia, where mobile internet adoption stands at 26% and 25% respectively. The regions together also account for more than two-thirds of the 810 million unconnected women.

Women in rural areas continue to face a sharper divide, with the report stating the gender gap is typically two to three times wider outside urban areas. The disparity is particularly pronounced in Sub-Saharan Africa, South Asia, the Middle East and North Africa.

Looking ahead, the industry association estimated closing the mobile internet adoption gap in LMICs between 2023 and 2030 could add $1.3 trillion to GDP. Meanwhile, narrowing the wider mobile ownership and usage gap could generate $230 billion in additional revenue for the mobile industry.

It called for coordinated action on handset and data affordability, digital skills, safety, services designed for women and wider structural inequalities.

Claire Sibthorpe, head of digital inclusion at GSMA, said “much more is needed to address the persistent and significant gender gaps in mobile internet adoption and use”. She warned AI and other emerging technologies are “creating greater digital divides and inequities”, making digital inclusion increasingly urgent.

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MTN bolsters mobile finance play with Ant deal

9 June 2026 at 15:29

MTN Group Fintech signed a deal with Ant International to collaborate on a so-called super-app platform covering a range of lifestyle and commerce services based around the operator’s mobile money platform.

The MTN unit hailed the agreement with the financial technology specialist as a major step in its attempts to build a more resilient and future-ready digital ecosystem across its markets.

Nigeria will be first country to see the results of the pact with a “super-app” platform set to be launched there in Q3 intended to deepen digital inclusion and provide the basis for a range of mobile money-linked services.

It is expected to significantly enhance MTN customers’ mobile money experience in Nigeria, delivering faster transactions, improving reliability, and providing greater integration with other financial and commerce services.

The operator unit explained using Ant’s technology provides the means for it to evolve its product by means including fraud prevention measures and “richer engagement features for consumers and merchants”.

MTN Group president and CEO Ralph Mupita (pictured) said the “partnership aligns” with the company’s “ambition of leading digital solutions for Africa’s progress by leveraging scale, technology and strong global partnerships”.

He added it aims to deliver a “more seamless, secure and intuitive MoMo platform that advances digital inclusion and expands economic participation”.

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