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Market News

  • Local Firms Partner to Sell Made in Rwanda Electronics

    Posted on :Friday , 13th November 2015

    Local entrepreneurs and investors in the ICT sector have partnered to form a wholesale distribution outlet of gadgets and electronics manufactured in the country by Positivo BGH.

     
    Constituting 15 entrepreneurs, Africa Smart Investment Distributions (ASI-D) will be involved in the distribution of devices produced by the Latin American firm with a presence in Rwanda.
  • Vietnamese Mobile Operator Viettel Invests USD 736 Million To Expand In Tanzania

    Posted on :Monday , 9th November 2015

    Viettel Group (Viettel), a Vietnamese state-run mobile network operator, has recently announced a total investment of USD 736 million to expand its businesses to Tanzania, where it will operate under the brand Halotel to offer 2G and 3G services.

     
    Vettel’s investment become Tanzania the fourth country in Africa where it has presence after the company entered th. . .

  • Telcos Seal Nigeria, Benin Partnership

    Posted on :Saturday , 7th November 2015

    Abuja — Mobile networks are poised to benefit from a new non-equity partnership two operators have established to cover Nigeria and Benin.

     
    Vodafone and Globacom Limited have sealed the partnership.
     
    Under the Partner Market agreement, Vodafone and Globacom will work together to boost significantly the experience for consumer and b. . .

  • Kenya: M-Pesa Registers Sh2.5 Trillion in Transactions at Safaricom\'s Half Year Results

    Posted on :Friday , 6th November 2015

    Safaricom's money transfer service M-pesa transacted Sh2.5 trillion in the last six months.

     
    The firm's CEO Bob Collymore made the announcement during the half year financial results release at the Michael Joseph Center in Nairobi on Thursday.
     
    Collymore attributed the 24 per cent spike in revenue from M-pesa to an increase of customers . . .

  • Tanzania: Panasonic Banks On New Smart Devices

    Posted on :Friday , 6th November 2015

    Panasonic Corporation is betting on 12 of its new smart gadgets to drive its sales in the Middle East and Africa Region.

     
    The gadgets have been deliberately designed to improve the way Panasonic's business partners conduct their daily undertakings, the Panasonic Marketing Middle East and Africa (PMMAF) Managing Director, Mr Shinichi Wakita, said at the just ended- Gu. . .

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