French telecoms giant Orange has signed an agreement with Africell Holding to sell its majority stake in mobile network Orange Uganda.
Africell runs mobile networks in the Democratic Republic of the Congo, Gambia and Sierra Leone, with over 7 million customers in Q4 2013.
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A new research report from Berg Insight expects the number of mobile money users in emerging markets to grow from 61 million active users in 2011 to 381 million by 2017; a compound annual growth rate of 36%.
Meanwhile the total value of mobile money transactions is forecast to grow from $44 billion last year to $395 billion (£246 billion) in 2017, the equivalent of a 44% increase each year.
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