• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    $1.1 Billion Senegal’s postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World
    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    Nigeria Launches National Domestic Payments Card Program
    In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
    $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years
    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report
    Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya

    Malawi, Chikhulupiliro Mphatso Appointed as Head of TNM Mpamba Limited

    Posted On 16 Sep 2019
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Suagibu –

    Photo Credit: TNM Mpamba Limited.

    NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- Chikhulupiliro Mphatso has been appointed as the first General Manager of its newly established mobile money subsidiary – TNM Mpamba Limited.

    Before its evolution into an autonomous company with its own board of directors, The new General Manager said Mpamba will remain important to TNM Plc’s zest to aggregate financial inclusion and application of mobile financial technology in the daily business and lives of Malawians.

    Mphatso noted “We will continue to provide financial liberty to our customers using the TNM Mpamba mobile money platform that enhances financial inclusion which is mostly geared towards the unbanked and underbanked.”

    Mphatso reassured Mpamba customers that, the company stretched in improving on mobile money services last year, which culminated to the contribution to about 4.3% of TNM’s total revenues.
    “The fourth industrial revolution is changing the business landscape where businesses are required to adapt to remain valid. As a company, we will keep pushing the boundaries of innovation to enable customers to transact on the trusted, secure and convenient Mpamba platform,” he said.

    TNM Plc has retained 100 percent ownership in TNM Mpamba Limited. The change is in compliance with regulatory requirements and does not affect service provision. TNM Mpamba will continue under the same network platform, and infrastructure that customers have grown accustomed to over the years.

    TNM Plc’s Chief Executive Officer Michiel Buitelaar who has taken over as Chairman of TNM Mpamba’s Board of Directors said the development underscores TNM’s long-term ambition to leverage on the growth of mobile money and the telco’s strategic direction of becoming more than just a telecoms service provider. This strategic intent was seen in the acquisition of BURCO which made TNM an Internet Service Provider (I.S.P) and more recently in the growth of Mpamba into a separate business unit.

    “The birth of TNM Mpamba Limited will fully exploit the benefits of the big synergies between TNM Plc and the mobile money business, underscoring our vision of becoming ‘more than just a telco’. The growth of Mpamba speaks to TNM’s fundamental vision and strategy which seeks to enable mobile phones to become financial outlets,” he said.

    Year on year, TNM’s Mpamba revenue contribution grew by 54 percent from MWK2.4 billion in 2017 to MWK 3.7 billion in 2018, according to TNM Plc’s 2018 annual report. TNM’s first-half results for the period ending June 2019 also show strong revenue growth for its business units.

    www.newafricabusinessnews.com
    Africa’s Most Read and Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com  

    For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

     

     

     

     

     

     

     

    NEW AFRICA BUSINESS NEWS
    COMING SOON ADVERTISING OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL ONLINE NEWSPAPER. THANK TO COMPANIES THAT WANT TO ADVERTISE.   INFO@NEWAFRICABUSINESSNEWS.COM.

     

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Ghana, AGI Pushes for Local Content Policy to Boost AfCFTA

    Next Story

    Ghana Gas Records Improvement- Owusu Bempah

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    $1.1 Billion Senegal's postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World

    Posted On 07 Feb 2023

    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    Posted On 06 Feb 2023

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

    Posted On 03 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Facebook

    Latest Posts

    $1.1 Billion Senegal's postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World

    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

    Recent Posts

    • $1.1 Billion Senegal’s postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World
    • A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    • $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    • Nigeria Launches National Domestic Payments Card Program
    • In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.