Telecom
MFS Africa Rebrand to Onafriq
MFS Africa, Africa’s largest digital payments network, is thrilled to unveil its new identity: Onafriq. This rebranding is not just a name change but a reflection of the company’s evolution and its vision for the future.
As Dare Okoudjou, founder and CEO, puts it: “The name MFS Africa, just like an old jacket, was getting a little tight for us as we’ve grown. We’ve expanded beyond just mobile financial services, becoming a true omni-channel platform across the continent and beyond.
“As we embark on this next phase of our journey, we wanted a name that reflects our aspiration of wiring up the whole continent into one network of networks with pathways from and to every African and every African business.”
The decision to rebrand comes after significant growth and several acquisitions, including the recent acquisition of GTP, which expanded the company’s reach to the US market. “The trademark MFS actually belongs to another company in the US, and our ability to use it outside of Africa was becoming difficult,” noted Dare. “With this new name, we can bring everybody together under one brand and identity.
The inspiration behind the new name, Onafriq, stems from the fusion of several powerful words: “Ona”, the Yoruba word for pathways and the French word for Africa, Afrique – plus a nod to IQ, signalling MFS Africa’s commitment to being the smartest game in African fintech.
Onafriq also calls to mind the idea of One Africa, an interconnected borderless continent where access unlocks greater potential.
Okoudjou further added: “From the get-go, my goal was to build a payment infrastructure that touches every corner of Africa and that lasts for over 100 years. My hope is that we get to do that and that we get to make borders truly matter less.”
In today’s fragmented payment landscape, the complexity surrounding cross-border transactions often impedes the free flow of money and inhibits international trade. Onafriq aims to break down these barriers, paving the way for economic growth and empowerment.
As the group embarks on this exciting chapter, we invite partners, stakeholders, and the entire African community to join us on this path of innovation, collaboration, and progress to make borders matter less for millions of Africans on the continent.
ST Team has partnered with Proxy Coding School to launch the ST Tech Academy, a free training programme aimed at empowering individuals with cutting-edge tech skills.
The academy, which begins its first cohort on March 10, will provide training in full-stack web development, cybersecurity, Web3, Python, UI/UX, graphics, and more.
According to Mr.Trust Otorudo, Regional Head of Smart Treasures in Lagos, the programme is designed to bridge the gap in tech education and provide opportunities for individuals to acquire in-demand skills.
“We are excited to partner with Proxy Coding School to launch the ST Tech Academy.
“Our goal is to empower individuals with the skills they need to succeed in the tech industry, and we believe that this partnership will help us achieve that goal.”
The programme is open to ST Team members from different skill levels and background, and admission is free.
The ST Team has also announced plans to provide living wages stipends to certain categories of individuals, including teachers, public officials, the disabled, widows, and orphans, starting from April.
With the launch of the ST Tech Academy, the ST Team and Proxy Coding School are poised to make a significant impact in the tech education space in Nigeria.
Hotspot, Nigerian last-mile connectivity and tower operator, has signed a Memorandum of Understanding (MoU) with a consortium led by Clear Blue Technologies, solar-power company to deploy 312 solar powered mobile sites across Nigeria.
Under the deal signed earlier this week at Mobile World Congress 2025, the sites will feature Clear Blue’s Illumience Smart Power solar solution designed for telecoms infrastructure.
The Clear Blue consortium also includes Empower New Energy, which provides clean energy project financing across Africa, and Netis, which specialises in operating and managing telecom infrastructure and will the installation, operations, and maintenance services for the project.
Miriam Tuerk, CEO, Clear Blue, said the consortium has the expert skills and capabilities to quickly design, build and operate the network, solar power and tower sites.
“As everyone active in the telecom market in Africa is aware, it is a difficult operating environment with challenging TCO targets. And yet, it is probably the largest untapped telecom market in the world with significant growth potential”, said, Morenikeji Aniye, CEO, Hotspot.
“Clear Blue brings an innovative technology and service capability which, together with an innovative business model and structure, enables us to deploy and operate these sites while meeting stringent service and TCO targets.”
Clear Blue noted that the deal is subject to final contract negotiations and signatures.
Assuming everything goes according to plan, Hotspot will roll out the solar-powered sites at the end of this year.
Technology company, Globacom, has been experiencing substantial increase in the adoption of its Bulk Data services by enterprise clients. This surge reinforces the appeal of Glo’s innovative data solution among corporate organizations, schools, and tertiary institutions.
Glo’s Bulk Data offering is a user-friendly self-service portal that enables enterprise customers to gift data to other customers. This feature allows sponsors to allocate specific data amounts for free navigation of mobile apps or websites, with the sponsor covering the costs.
The service is particularly beneficial for educational institutions, which can purchase the Schools’ Bucket Data plan for students’ academic usage, valid for 90 days.
The Gifted Data Plan on its part, is available for a 30 days validity and offers flexibility, allowing sponsors to gift data to multiple Glo subscribers in various sizes, ranging from 200MB to 10GB, depending on the Pack the Gifting customer has subscribed to.
Sponsors can also customize SMS notifications to beneficiaries, setting Glo’s product apart from others in the market. Beneficiaries can easily check their balance by dialing *127*0# on their devices.
Glo’s Bulk Data service has become an attractive solution for enterprise clients seeking efficient data management, thanks to its flexibility, customization options, and user-friendly features.
The Bulk Data service is designed specifically for bulk data buyers, including corporate entities, schools, and tertiary institutions.
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