Algeria welcomes young beneficiaries of MSMEDA at SIAT    Egypt's engineering exports surge 32.3% to $1.6bn in 4M 2024    Beltone Holding reports 812% YoY increase in operating revenue, reaching EGP 1.33bn    Al-Sisi receives delegation from US Congress    Cairo investigates murder of Egyptian security personnel on Rafah border: Military spox    Egypt's President Al-Sisi to visit China, marking a decade of strategic partnership    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Russia to build Uzbek nuclear plant, the first in Central Asia    East Asian leaders pledge trade co-operation    EU greenlights law to regulate methane in gas imports    Africa needs $1.3t annually for sustainable development – minister    ECB set to cut rates, maintain restrictive policy for '24 – ECB's Lane    Gold prices rebound slightly on Monday    Abdel Ghaffar highlights health crisis in Gaza during Arab meeting in Geneva    Tunisia's President Saied reshuffles cabinet amidst political tension    Hassan Allam Construction Saudi signs contract for Primary Coral Nursery in NEOM    Sushi Night event observes Japanese culinary tradition    US Embassy in Cairo brings world-famous Harlem Globetrotters to Egypt    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    US Biogen agrees to acquire HI-Bio for $1.8b    Egypt to build 58 hospitals by '25    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Analysts confident on Airtel's Africa moves
Bikya Masr Published in Bikya Masr on 11 - 05 - 2011

Analysts in East Africa are excited over the moves being made by India's Bharti Airtel in the company's push toward a larger footprint on the African continent. That confidence received even more support after the mobile operator announced a new push for mobile-based payment services across the region.
“It is a great step for Airtel and Africa because it means there is going to be real and lasting investment from outside by companies who see the potential of the African market,” said Javed Hassan, an Indian analyst based in Nairobi.
“What we are witnessing is a truly monumental move by Airtel and Indian telecoms toward the African market with success, and all the while nobody seems to be noticing,” he added.
According to Airtel CEO for Africa Manoj Kohli in a conference call with local reporters, the company will launch Airtel Money, or M-Commerce services, into 8 countries over the next year. He added that the services will not be discontinued after this time.
The company is launching the new M-Commerce as an independent business venture in Kenya and has already received the Central Bank approval in the 8 countries it plans on launching in.
BM

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