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Transnet is currently burdened with a staggering debt of R130 billion ($7.30 billion), a situation exacerbated by years of under-investment that have led to equipment shortages and maintenance backlogs.

The loyalty scheme, known as the d.light Points Programme, was officially launched in Kenya this month, with plans to expand to Uganda, Tanzania, and Nigeria by the end of the year. The company aims to engage over 500,000 customers through this programme before the close of 2024.

This strategic collaboration aims to revolutionize Nigeria's Point of Sale (POS) payment infrastructure by integrating cutting-edge blockchain technology, significantly enhancing the interoperability and efficiency of the payment value chain.

This collaboration aims to bring advanced 5G connectivity solutions to Africa, the Middle East, and the Gulf, marking a new era of technological transformation in these regions.