From bank-led models in competitive and more sophisticated markets to solutions enabling basic financial transactions for the masses in less developed regions, which are necessary for the fabric and socio-economic progress of rural communities to prosper - mobile money is big in Africa. Tim Guest looks at the latest developments

Essar-owned yuMobile has sold its operations in Kenya for US$100mn in a move that is expected to transform the mobile communications industry in the country

Telecom service provider Bharti Airtel has partnered with mobile giant Nokia to distribute the new Nokia X smartphone across 17 countries in Africa in April this year, according to a company statement 

Hong Kong-based PCCW Global has entered into a collaborative deal with long distance firm Phase 3 Telecom to roll out new and advanced communications solutions for countries across West Africa