Operations of MTN Group largely in Nigeria, Ghana, South Africa and Cameroun have helped the telecommunications firm to grow its revenue by 14.8 per cent to $6 billion.
24 Mar 2021
Africa’s largest cement producer, Dangote Cement Plc, has remained a major contributor to the Nigerian economy, with a tax charge of N97 billion for the financial year ended December 31...
27 Jul 2020
Africa’s largest cement producer, Dangote Cement Plc, has announced a Profit Before Tax (PBT) of N162.90 billion for the six months ended June 30, 2020, even as two block makers emerged winners in its ongoing, Spell and Win national consumer promo.
10 May 2019
Revenues from the combination of voice, data, digital, service, and Fintech operations have pushed MTN Nigeria’s first quarter (Q1) 2019 earnings increased by 149.4 per cent. In the result issued yesterday on its Q1 performance, ending March 31, 2019, the South African-based telecommunications firm, disclosed that voice operations earned it an increase of 12.7…
19 Sep 2018
In February Bharti Airtel Ltd said the holding company for its Africa operations was looking at a potential Initial Public Offering.
9 Feb 2018
African miner Petra Diamonds is likely to strike a deal with its lenders that could include a waiver or a reset of its debt covenants within the next month, its chief executive Johan Dippenaar said.
29 Dec 2017
A give-back initiative tagged, ‘Season of Surprises,’ initiated by MTN to express appreciation to Nigerians has ended, touching about 250,000 lives.
15 Aug 2017
Having suffered some input cost pressures in the 2016 financial year, due to foreign exchange losses on dollar loans, the inability to access foreign exchange, the high cost of production...
4 Aug 2017
South Africa’s state-owned airliner says it will face a liquidity crisis if it does not receive a 13 billion rand (976 million dollars) cash injection from the Treasury to meet its debt obligations and cover operating costs, it said on Friday.
3 Aug 2017
The African operations of Indian telecommunications giant, Bharti Airtel, has fetched it about $52million profit in quarter one (Q1), against $78million losses a year ago.