Saturday , October 1 2022

Tag Archives: South Africa

MTN Targets 60% 5G Coverage in South Africa by 2025

MTN Targets 60% 5G Coverage in South Africa by 2025

…Works Towards 25% Coverage in 2022 MTN South Africa is aiming to reach 25% coverage of South Africa’s population with next-generation 5G infrastructure by the end of the year, and 60% 5G coverage  by 2025. This is according to the company’s CEO, Charles Molapisi, who was speaking on a conference …

Read More »

Access Bank Completes Acquisition of BancABC

In line with its quest to be the world’s most respected African Bank, Access Bank Plc has successfully completed the acquisition of African banking Corporation (BancABC Mozambique), a subsidiary of Atlas Mara Limited. Sunday Ekwochi, company secretary of Access Bank Plc stated this in a statement on Tuesday, noting that …

Read More »

Access Bank Finally Acquires Grobank

Access Bank Finally Acquires Grobank

Following the completion of all regulatory procedures, Grobank Limited has been officially renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa. With this new development, Access Bank South Africa Limited is positioned to deliver a robust …

Read More »

CBN Grants Access Bank Approval to Become Holding Company

…As bank gains entrance into Mozambique Access Bank Plc has announced that it has received the Central Bank of Nigeria’s Approval-in-Principle for the Bank’s restructuring to a holding company (“HoldCo”). The proposed HoldCo structure would enable the Bank to further accelerate its objectives around business diversification, improved operational efficiencies, talent …

Read More »

MTN 5G Network Commercially Powered in South Africa

MTN has launched its 5G mobile network across major cities in South Africa, including Johannesburg, Cape Town, Bloemfontein and Port Elizabeth.‍ During a Youtube livestream media launch, speed tests were performed at various locations in Johannesburg and download speeds in excess of 600Mbps with latencies averaging 15ms were demonstrated. Tests …

Read More »

Orange Plans Entrance into South Africa, Nigeria

Telecoms giant Orange says it’s set to enter the South African and Nigerian markets “within months” to take advantage of their potential growth opportunities. Speaking to Les Echos business newspaper, Orange CEO Stephane Richard said that the potential growth of these markets was considerable and warranted their investment. Much of …

Read More »