MTN in talks with TEAMS, poised to launch mobile money service

16 Oct 2009

Rwandan telecoms company MTN Rwanda is in talks with The East African Marine System (TEAMS) over access to the submarine fibre-optic cable, local daily The New Times reports, citing MTN’s senior marketing executive, Yvonne Makolo. The 4,900km cable system stretches from Mombasa in Kenya to Fujairah in the UAE. Earlier this month the TEAMS management committee announced that testing across the submarine cable system had been completed and that a formal inauguration ceremony was being planned. According to Makolo, negotiations with the TEAMS authorities ‘are on a high level’, but she declined to comment on when an agreement was likely to be reached.

In a separate story, MTN Rwanda has said it will launch its MTN Mobile Money service for wireless customers by the end of the year, with pilot tests of the money transfer service to begin shortly. CEO of the company, Khaled Mikkawi, commented: ‘We are proud to be involved in this initiative that is critical to the financial deepening of the Rwandan economy and we are also fortunate that other MTN markets have launched it and we have key learnings to deliver an exciting service to the people of Rwanda.’ MTN’s Mobile Money service has already been rolled out in Kenya and Uganda and has been piloted in Cameroon, Ghana, Cote d’Ivoire and Nigeria.

Rwanda, MTN Rwanda