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chaimaa-rachid

Summary of MTN Ghana consolidated annual results for the year ended 31 December 2019 - ... - 0 views

  • MTN Ghana (Scancom PLC or MTNGH or the Company) delivered a strong performance for the year in a competitive industry, maintaining market leadership with 55.21% market share.
samielbaqqali

NCA-Sanctions-MTN-for-Failing-to-Comply-with-Directives.pdf - 0 views

shared by samielbaqqali on 13 Feb 21 - No Cached
  • The National Communications Authority (NCA) has sanctioned Mobile Network Operator (MNO), MTN Ghana for failing to comply with directives which were sent to them following some challenges with their network recently. In the directive, the Authority directed MTN to submit a report on the challenges within 24 hours of receipt of the directive among other directives.
    • samielbaqqali
       
      This sanction illustrates that with legislation, MTN needs to be vigilant. Any bad move will damage the company's reputation, which can result in some bad results, such as losing some major market share.
samielbaqqali

Improved ICT infrastructure in Ghana raises data penetration | Ghana 2018 | Oxford Busi... - 0 views

  • In 2017 MTN Ghana – the local subsidiary of the South African mobile operator, and the market leader – redefined what constitutes a subscriber, removing 3.4m inactive lines from its network in the first quarter of the year. However, in the same quarter the company gained more than 800,000 new active customers. The net effect was a drop of 2.5m in its subscriber base, leaving it with 16.9m voice subscribers, according to the NCA.
  • MTN Ghana holds the largest market share. As of April 2017 it had a 56.1% share of mobile data services and 46.9% of voice. It also held 59.7% of broadband wireless access through its 4G services.
  • The firm saw revenue growth of 19.8% in 2016 on the back of its strong performance in the data segment. According to the company’s financial results, data revenue increased by 66% and accounted for 42% of total revenue in 2016 on the back of the launch of a 4G network.
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  • This led to a drop in the overall mobile penetration rate in Ghana. It fell from 139% in February 2017 to 127% at the end of April. However, the country has actually seen a slight increase in the number of customers. In 2016 monthly mobile subscription growth ranged from 0.22% to 1.51%, and in March 2017 the segment was growing at a rate of 0.57%. The sluggishness is a result of the fact that the voice segment is saturated, but there is still room for expansion and building revenues in data services. Data
    • samielbaqqali
       
      Businesses that are constantly planning a way to better their company will always find new ways of making decisions. You only need to pursue a certain methodology that needs a full analysis of the market or the segments of the consumer.
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    As you can see, MTN is always taking crucial decisions. I think that companies that always plan a way to improve their business can always find innovative ways to take decision. You just need to follow a certain strategy that requires a full study of the market or the customer segments.
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    MTN and Ayo engaged in a partnership in order to launch an insurance on mobile money transfer. It was called "send with care" which allowed clients to pay premiums that would cover them in some determined situations.
mohammed_ab

MTN bets on fintech and digital revenues for growth - 0 views

  • Africa’s largest telecoms operator, MTN, is looking to capitalise on increased demand and usage of digital products such as mobile money and gaming so that these units account for a quarter of revenues in the next five years.
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    MTN is aware of the new fintech trend that is continuously growing year after year. The group wants to be part of this trend and he is starting to invest heavily in fintech solutions.
chaimaa-rachid

MTN Group - 0 views

  • MTN Group Ltd. engages in the provision of network information technology services. It offers broadband and Internet products and services and converged fixed or mobile products and services.
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    MTN is the main telecom organization in Africa by offering the best solutions for its clients.
mehdi-ezzaoui

South African telco MTN looks to fintech to diversify - 1 views

  • MTN has announced a partnership with South Africa-based financial services group Sanlam to sell high-end insurance products like life cover and funeral policies into South Africa through digital-only channels.
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    Strategic Partnership of MTN with South-Africa
hindelquarrouti

MTN Group sees annual earnings nearly doubling on Ghana & Uganda tower sales | Nasdaq - 0 views

  • MTN Group MTNJ.J, South Africa's largest mobile operator by subscribers, said on Friday it expects 2020 earnings to nearly double, mainly on gains from the sale of Uganda and Ghana tower joint ventures.
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    MTN is working on achieving a simplified portfolio over the next five year. It has started by paying back its debts with the proceeds made out of selling 49% holdings in Ghana Tower 
samielbaqqali

U.S. blacklisting of Yemen's Houthis to be lifted on Feb. 16 -Blinken | Nasdaq - 1 views

  • MTN is in the middle of a 25 billion rand ($1.67 billion)divestment plan aimed at simplifying its portfolio over the next three to five years. Part of this entailed selling its 49% holdings in Ghana Tower Interco B.V. and Uganda Tower Interco B.V. to AT Sher Netherlands Coöperatief U.A. for $523 million last year.
  • Adds quotes, backgroundSponsored LinksSponsored LinksPromoted LinksPromoted LinksBabbelThis App Can Get You Speaking Spanish in 2021BabbelUndo WASHINGTON, Feb 12 (Reuters) - U.S. Secretary of State Antony Blinken announced on Friday that he will revoke - effective Feb
    • samielbaqqali
       
      In Ghana, MTN's excellent work resulted in earnings being doubled. I can say that MTN has shown the world that Ghana is a location that totally praises digitalization.
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    MTN great job in Ghana resulted in doubling the earnings. I can say that MTN showed to the world that Ghana is a place where digitalization is totally praised.
mehdi-ezzaoui

Diversity Management for Improving Performance in Mobile Telephone Network (MTN) Ghana ... - 2 views

  • MTN was chosen for the study because of its multinational nature and the fact that even at the top level of management MTN Ghana Ltd the membership of directors and manager was made up a blend of diverse nationalities. This made it more appropriate for this study on diversity. On the other hand, the study chose the above population because the management of diversity revolves around them.
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    The key results were that the management of diversity has a good effect on MTN Ghana Ltd' s performance. While the organization has diversity management, it is poorly handled. The Top Management Team should then promote diversity management and implement a holistic plan for diversity management in the business.
chaimaa-rachid

Absa Group and MTN enable POS mobile wallet payments - FinTech Futures - 0 views

  • Absa Group, the African banking group, has partnered with MTN to enable its customers to pay on POS machines using their mobile wallet.
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    This partnership will help customers to make payments easily, they just need to enter the phone number connected to their mobile wallet on PoS, and by confirming the deposit, the customer receives the notice on their phone.
mohammed_ab

Fintech, bank partnerships will deepen financial inclusion - 1 views

  • MTN believes that the power of partnerships should never be underestimated. As the central bank finalizes the National Payment Systems Act regulations, we foresee more possibilities for partnerships between banks, Fintech, and Mobile Network Operators that will further drive financial inclusion.
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    I like how MTN sees partnerships with banks and other financial institutions as a way to become more reliable and trustworthy in the eyes of customers. I agree that without such partnerships, it will be very hard for fintech companies to achieve financial inclusion.
mohammed_ab

Fintech alliance facilitates MoneyGram MoMo transfers in Cameroon | ITWeb Africa - 2 views

  • MTN Mobile Money (MoMo) subscribers in Cameroon can now receive international money transfers through MoneyGram directly into their mobile wallets. This is thanks to a recent partnership between MoneyGram and MFS Africa, which extends the inbound international money transfer service to MTN MoMo payment accounts on new channels.
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    This article shows how partnerships are essential for the growth of a company. MTN Mobile Money is already a successful and high growing fintech service with over 22.2 million subscribers in over 15 countries. Even with its established success, MTN needed the partnership between MoneyGram and MFS Africa to offer its subscriber in Cameroon the benefit of receiving international money transfers through MoneyGram. This partnership will allow MoMo to capture new revenue streams.
chaimaa-rachid

MTN South Africa Collaborates with Ozow to Further Simplify MoMo Transfers - NaijaTechG... - 0 views

  • ‘’Clearly, Ozow is another step towards making it more secure and safer for millions of South Africans to perform mobile transactions conveniently through a USSD code or the MoMo app,’’ says Felix Kamenga, Chief Officer of MTN Mobile Financial Services, South Africa.
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    This service seems interesting as it permits you to move cash utilizing your cell phone and you can also pay your bills in an easy manner.
mehdi-ezzaoui

MTN advances fintech ambitions - 1 views

  • A comprehensive fintech ecosystem has become a key focus and a major driver of new value creation for the JSE-listed company, with fintech revenue increasing by 30.7% to R4.7-billion during the six months to June.
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    MTN focusing on Fintech solutions
mehdi-ezzaoui

The value of mobile banking: the case of MTN mobile money in Accra, Ghana - 1 views

  • The convergence of mobile telephony, banking services, and information systems creates significant economic opportunities on a global scale. While the adoption of mobile banking and mobile money emerged on the global scene as a tool to promote financial inclusion, new developments in the industry have created additional possibilities for this type of technology to revolutionize the practices and experiences of business owners in the Third World. This paper calls attention to the different ways in which mobile banking services and mobile payment systems are able to create value for their consumers. An empirical case study is developed using the Accra Metropolitan Assembly (City of Accra) that details the experiences of MTN Mobile Money users.
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    mobile banking services and mobile payment systems are able to create value for their consumers. An empirical case study is developed using the Accra Metropolitan Assembly (City of Accra) that details the experiences of MTN Mobile Money users.
chaimaa-rachid

MTNGH-2019-Annual-Report-final-10mb.pdf - 0 views

  • MTN Ghana is part of the MTN Group, a leading emerging market mobile operator, driven by the belief that everyone deserves the benefits of a modern connected life. MTN Group has operations in 21 countries in Africa and the Middle East.
mehdi-ezzaoui

Data, fintech services boost MTN Nigeria in half-year | ITWeb Africa - 1 views

  • MTN, Africa’s biggest mobile carrier, has continued to weather COVID-19 pressures in Nigeria, recording double-digit growth in data revenue and fintech services in the six months ending June.
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    The pandemic weighted benefit for the time, says MTN Nigeria, but it has sustained double-digit sales.
mehdi-ezzaoui

The perception of poaching in telecommunication firms and its effect on employee morale... - 1 views

  • This study sought to find out perceptions of employee poaching by employees in telecommunication firms and how these perceptions affected their morale. A survey was conducted in which 30 questionnaires were administered and 27 filled. Results showed that 92% of the population had a positive perception of poaching with 8% having negative perceptions. When a regression analysis was done on the data received, in order to test the significance of the relationship between the variables, p-value for significance did not meet the standard which implies that there is not significant relationship between the variables. According to these results, employee perceptions of poaching do not have any effect on morale.
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    Employee branching views and how these emotions impact their morality in telecommunications companies MTN case
mehdibella

Goldman Sachs cash confirms Jumo as fintech heavyweight - 1 views

  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
    • samielbaqqali
       
      The company asked for a big amount from an American bank in order to perfect their investment.
  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
  • The company has raised nearly $146 million since its creation from renowned players such as Google, which integrated Jumo into its accelerator in May 2017, the Mastercard foundation, development institutions such as Finnfund and Proparco (the private branch of the French Development Agency).
  • ...9 more annotations...
  • Goldman Sachs cash confirms Jumo as fintech heavyweight
  • By entering Jumo's final $55 million round of financing, the US bank Goldman Sachs is raising the South African fintech's profile
    • mehdibella
       
      the company has taken millions of dollars to secure the continuation of this project
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners.
    • mehdibella
       
      it made a lot of partnerships arround many companies that would make transactions easier
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
    • ghtazi
       
      this is once again a smart move from jumo, they diversify their activity, which can be more than benefic for them.
  • Jumo is already active in Ghana, Kenya, Pakistan, Tanzania, Uganda, and Zambia and has representation in Cape Town, New Delhi, London, Mumbai, Nairobi, Porto, and Singapore, where its founder is now based.
    • nouhaila_zaki
       
      This excerpt introduces us to the geographical scope of Jumo, which appears to be pretty large (in Africa and Asia).
  • By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
    • nouhaila_zaki
       
      This excerpt is important because it gives us a measurement of how active Jumo is in providing customers with loans (one of their products). It also gives us an idea about the size of the company (300 employees accross 11 countries).
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners. Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
  • With this new round of financing — its fourth since April 2018 — the company, which targets emerging markets and is part of the very select club of African start-ups active beyond the continent’s borders, now intends to conquer Côte d’Ivoire, Nigeria, as well as Bangladesh and India
    • sawsanenn
       
      this countries can bring new options to jumo, not only new customers but also new services. These new entrances can bring to Jumo high revenues as well
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    JUMO is opting for a good strategy which is doing a partnership with Google. Partnerships with giant companies like google are always beneficial because they offer you great technology and a big capital to improve your business.
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    I like the way JUMO chose its partners in the telecommunication industry. Partnering with MTN that is the first telecom operator in Africa and also a big fintech advocate is a good decision for JUMO to grow.
mohammed_ab

African Fintech: Growth, Profit and Forecasts - FurtherAfrica - 0 views

  • Investment in African Fintechs nearly quadrupled in 2018 to $357m USD, with startups in Kenya, Nigeria and South Africa accounting for the largest share, according to The Mobile Economy, Sub-Saharan Africa 2019 report from the GSM Association.
  • MTN announced in July that it had been granted a full Super Agent Licence in Nigeria for its Yello Digital Financial Services Limited subsidiary. This will enable the scale launch of MTN Nigeria’s Fintech strategy.
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    I liked this article as it shows the exponential growth of fintech investments in African countries. These investments have increased by 300% in 2018 compared to the previous year. It's interesting to see that the group believes that mobile will be at the center of financial inclusion in Africa.
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