The decision could have wider implications for how regulators approach competition issues, particularly in sectors dominated by multinational corporations.
This move marks the end of the freemium banking era for millions of Nigerians, who have long enjoyed cost-free electronic transactions from the country’s fast-growing financial technology sector.
Currently, recipients of remittances in Ethiopia have a variety of options, including mobile money services, cash pickups through agents, and direct bank deposits.
The offer is available on both prepaid and postpaid plans. Young people registered with the Mauritius Revenue Authority (MRA) will automatically receive 30 days of unlimited internet access (capped at 6GB per day) each month.
The deal reflects Amazon’s execution of a right first agreed in May 2022, when the U.S. tech giant secured an option to buy $10 million worth of global depositary receipts convertible into equity in ValU — contingent on a qualified offering event, such as today’s listing.
Despite the proliferation of fintech, e-commerce, and logistics platforms across Africa, a lack of formal addresses remains a blind spot in infrastructure.
The deal reflects Amazon’s execution of a right first agreed in May 2022, when the U.S. tech giant secured an option to buy $10 million worth of global depositary receipts convertible into equity in ValU — contingent on a qualified offering event, such as today’s listing.
