tough times

MTN, Orange, Camtel: Cameroon’s operators suffer financial pressures

By Quentin Velluet

Reserved for subscribers

Posted on June 27, 2023 10:56

jad20230622-eco-cameroun-mobilemoney-1256×628-1687534224 A promotional kiosk in Yaoundé © Maboup — A promotional kiosk in Yaoundé © Maboup

Last year, the introduction of a tax on financial transactions was greeted with an outcry. How has the mobile money market evolved since then?

At the beginning of May, the state-owned Cameroonian operator Camtel announced the forthcoming launch of its Blue Money service, hoping to challenge the hegemony of Orange and MTN, while rapidly overtaking key players such as UBA Bank, Express Union Mobile, Campost-YunusPay, EMI Money, and Express Union.

There's more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

Subscribe Now

cancel anytime

Already a a subscriber Sign In

More Business

South Africa’s Finance Minister Enoch Godongwana speaks during his 2023 budget speech in Cape Town, South Africa. (Reuters/Shelley Christians)

No money

South Africa: Tempers boil as welfare state eyes $7bn bill Political tensions are mounting in South Africa as the overburdened state welfare system becomes too expensive to maintain.

© The Congo Basin rainforest absorbs the equivalent of all of Africa’s carbon emissions. (Jens Grossmann/LAIF-REA)

Fair pay

UN joins Congo basin presidents in call for higher carbon-credit prices in Africa Developing African countries are asking for larger pollution offsets in order to preserve their environments.

Ryad Mezzour, Moroccan Minister for Industry and Trade. DR

well-rounded

Ryad Mezzour: Morocco is establishing genuine industrial sovereignty Decarbonisation, electric battery factories, renewable energies and more: the Moroccan Minister of Industry and Trade details his country’s strategy f...

The Husab uranium mine in western Namibia. 11 May 2018. Wu Changwei/Xinhua/REA

multiple agreements

From DRC to Madagascar, Japan weaves its web with critical metals From exploration to exploitation, Japan has signed a series of contracts with three African countries to secure its supplies of critical minerals.