Kenya to locally assemble smartphones
Kenya is edging closer to local smartphone assembly. According to the ICT Cabinet Secretary, the smartphones will cost the proposed amount of $40, and will be released in July.
Nigerian telecoms may disconnect USSD
Nigerian telecoms are set to stop facilitating banks’ USSD services due to the banks’ failure to pay over ₦120 billion ($260 million) in USSD debts.
SA to pay citizens for saving electricity
Eskom plans to reward South Africans with as much as R3 million ($154,000) for every megawatt of power they save. This is to reduce the increasing hours of blackouts in the country.
Zimbabwe sells $39 million of gold-backed token
Zimbabwe took a leap of faith and landed right on its feet! The Reserve Bank of Zimbabwe’s first gold-backed digital currency sale sold 14 billion Zimbabwean dollars’ worth of gold-backed digital tokens—worth around $39 million.
MTN’s $320 million project
MTN has kicked off a new project, Project East2West, which will invest R6 billion ($320 million) to connect 10 African countries between 2023 and 2025 with a fibre cable network.
Egypt sells stake in Telecom Egypt
The Egyptian government has sold 9.5% of its stake in Telecom Egypt to pay its debt. The government wants to raise $2 billion by selling its stake in 32 companies by June.