Latest news with #MoMo
Zawya
3 days ago
- Business
- Zawya
Africa's quiet strength – what the world can learn from our way of delivering?
As someone leading a tech team here at BET Software in Africa, I've had a front-row seat to how innovation really works on this continent. It's not about chasing the next big trend or mimicking Silicon Valley. It's about solving problems that hit close to home, and that lands with a dash of passion. Using tools, building teams, and thinking rooted in our own realities. We build for reality, not ideal conditions Most of the solutions we build don't assume perfect conditions. We build for what's real: unreliable internet, power cuts, low-end devices. That shapes everything, from how we design user flows to how we architect our infrastructure. Take fintech, for example. When banking access was limited, we didn't wait for institutions to catch up. We built around them. Mobile money services like M-Pesa, E-Wallets, and MoMo didn't just support digital payments; they created an entirely new financial layer. That same practical thinking drives our own product decisions every day: APIs built to handle network drops, apps that don't break when bandwidth drops to near-zero, and services that work on basic phones without draining data. Resilience isn't a buzzword, it's the baseline In our context, resilience isn't a feature; it's the foundation. Our products are expected to perform in environments where a five-minute power cut, or network spike is a normal part of the day. That forces us to write leaner code, run efficient backends, and make smart bets on frameworks that won't crumble at scale. Technologies like DataFree have helped us reach more users by letting them access content without using their own mobile data. In a world where data is still a premium commodity for many users, that kind of solution isn't just clever, it's essential. We design with community in mind What makes African tech truly unique is that it's built with people, not just users, in mind. Many of the fintech products we've launched in Africa support things like group savings, informal lending, and community contributions. These aren't edge cases, they're central to how money moves here. This community-first approach runs deep. It's why we prioritise trust-building, transparency, and local relevance in everything we build. The result? Products that don't just get used, they get embraced. The future is already here, just not evenly recognised Africa isn't catching up. We're creating on our own terms. From mobile-first finance to ultra-efficient apps, from offline functionality to culturally embedded design; we're proving every day that innovation doesn't need perfect conditions. It needs the right mindset. As the world searches for more human, resilient, and inclusive tech, I believe Africa already has the blueprint. It is time more people started paying attention.
Nikkei Asia
14-05-2025
- Business
- Nikkei Asia
Vietnam's fintech unicorn MoMo posts first full-year profit
HANOI -- Vietnamese fintech unicorn MoMo posted its first full-year profit in 2024, quietly delivering what many of Southeast Asia's tech giants are still chasing -- profitability. The milestone comes at a time when startup valuations have cooled and investor focus has shifted firmly from breakneck growth to sustainable earnings.
Time of India
12-05-2025
- Business
- Time of India
IPO, buyback hurdles hit Airtel Africa
Kolkata: A deferral of the much-awaited initial public offering (IPO) of Airtel Africa's $4.9-billion mobile money business, and uncertainties around the timing of the second tranche of the company's share buyback plans are key concerns despite strong business resurgence of Bharti Airtel's Africa unit, analysts said. "Airtel Africa is still looking to IPO its mobile money (MoMo) business, which we value at $4.9 billion, but this is now delayed to H1, calendar 2026, which is headline negative but doesn't impact value," London-based NewStreet Research said in a note seen by ET. The IPO was earlier planned in mid-2025. Airtel Africa has grown faster than its African peers consistently over time in the lucrative mobile money space, the reason analysts have repeatedly pitched the much awaited IPO of Airtel Africa's mobile money business as a key business growth catalyst. NewStreet Research added that lack of commentary around when Airtel Africa would start the second tranche of its share-buyback is also a perceived "negative". Airtel's Africa arm had completed the first trance of its $100 million share buyback in late-April. Analysts, though, said Airtel Africa had reported a solid set of Q4FY25 earnings numbers on the back of a continued improvement in underlying trends and lower-than-expected capex. FY25 capex at $670 million was well below the $750 million guidance due to deferral of a data centre investment, they added. The FY26 capex guidance is estimated at $750 million. Swings to Profit Airtel Africa reported an $80 million net profit in the March quarter - compared with a $91 million net loss in the year-ago period - while quarterly revenue rose 18 % on-year to $1.31 billion on the back of tariff adjustments in the key Nigeria market and easing of currency headwinds. "The March quarter results indicate a positive underlying operational growth trajectory for Airtel Africa, driven by a growing customer base and increasing data customers penetration," Macquarie said in a research note. Airtel Africa's leadership, though, expects the full impact of recent tariff hikes taken in Nigeria to come through only in the June quarter.
Economic Times
11-05-2025
- Business
- Economic Times
IPO, buyback hurdles hit Airtel Africa
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Kolkata: A deferral of the much-awaited initial public offering (IPO) of Airtel Africa's $4.9-billion mobile money business , and uncertainties around the timing of the second tranche of the company's share buyback plans are key concerns despite strong business resurgence of Bharti Airtel 's Africa unit, analysts said."Airtel Africa is still looking to IPO its mobile money (MoMo) business, which we value at $4.9 billion, but this is now delayed to H1, calendar 2026, which is headline negative but doesn't impact value," London-based NewStreet Research said in a note seen by ET. The IPO was earlier planned in Africa has grown faster than its African peers consistently over time in the lucrative mobile money space, the reason analysts have repeatedly pitched the much awaited IPO of Airtel Africa's mobile money business as a key business growth Research added that lack of commentary around when Airtel Africa would start the second tranche of its share-buyback is also a perceived "negative". Airtel's Africa arm had completed the first trance of its $100 million share buyback in though, said Airtel Africa had reported a solid set of Q4FY25 earnings numbers on the back of a continued improvement in underlying trends and lower-than-expected capex. FY25 capex at $670 million was well below the $750 million guidance due to deferral of a data centre investment, they added. The FY26 capex guidance is estimated at $750 Africa reported an $80 million net profit in the March quarter - compared with a $91 million net loss in the year-ago period - while quarterly revenue rose 18 % on-year to $1.31 billion on the back of tariff adjustments in the key Nigeria market and easing of currency headwinds."The March quarter results indicate a positive underlying operational growth trajectory for Airtel Africa, driven by a growing customer base and increasing data customers penetration," Macquarie said in a research Africa's leadership, though, expects the full impact of recent tariff hikes taken in Nigeria to come through only in the June quarter.
Time of India
11-05-2025
- Business
- Time of India
IPO, buyback hurdles hit Airtel Africa
Kolkata: A deferral of the much-awaited initial public offering (IPO) of Airtel Africa's $4.9-billion mobile money business , and uncertainties around the timing of the second tranche of the company's share buyback plans are key concerns despite strong business resurgence of Bharti Airtel 's Africa unit, analysts said. #Operation Sindoor India responds to Pak's ceasefire violation; All that happened India-Pakistan ceasefire reactions: Who said what Punjab's hopes for normalcy dimmed by fresh violations "Airtel Africa is still looking to IPO its mobile money (MoMo) business, which we value at $4.9 billion, but this is now delayed to H1, calendar 2026, which is headline negative but doesn't impact value," London-based NewStreet Research said in a note seen by ET. The IPO was earlier planned in mid-2025. Airtel Africa has grown faster than its African peers consistently over time in the lucrative mobile money space, the reason analysts have repeatedly pitched the much awaited IPO of Airtel Africa's mobile money business as a key business growth catalyst. NewStreet Research added that lack of commentary around when Airtel Africa would start the second tranche of its share-buyback is also a perceived "negative". Airtel's Africa arm had completed the first trance of its $100 million share buyback in late-April. Analysts, though, said Airtel Africa had reported a solid set of Q4FY25 earnings numbers on the back of a continued improvement in underlying trends and lower-than-expected capex. FY25 capex at $670 million was well below the $750 million guidance due to deferral of a data centre investment, they added. The FY26 capex guidance is estimated at $750 million. Swings to Profit Airtel Africa reported an $80 million net profit in the March quarter - compared with a $91 million net loss in the year-ago period - while quarterly revenue rose 18 % on-year to $1.31 billion on the back of tariff adjustments in the key Nigeria market and easing of currency headwinds. "The March quarter results indicate a positive underlying operational growth trajectory for Airtel Africa, driven by a growing customer base and increasing data customers penetration," Macquarie said in a research note. Airtel Africa's leadership, though, expects the full impact of recent tariff hikes taken in Nigeria to come through only in the June quarter. Economic Times WhatsApp channel )
