African tower ownership and management company, Eaton Towers, has a US$60mn debt financing agreement in place to construct and develop new and existing telecom towers within Uganda

Mobile-advertising network InMobi has closed its Africa-based operations due to what it described as the low uptake of mobile phone-based marketing across the continent

MTN has launched a cloud-based banking software in Nigeria, called MTN XaaS, in an attempt to improve micro-finance banking operations in the country

Fountain Credit Services has introduced cloud operations to the Kenyan banking system, according to a statement from the company

India's Tech Mahindra Ltd has announced it has gained a 51 per cent stake of telecoms software company, Comviva Technologies Limited, as part of an attempt to strengthen its mobile software business