Telco firm exits towers businesses in Ghana, Uganda
MTN Group (MTNJ.J) has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses on high-growth markets on the continent and in the Middle East.
CBN awards MTN subsidiary licence to provide financial services
The Central Bank of Nigeria (CBN) has awarded a subsidiary of MTN a licence that would allow it to provide financial services. CBN last year announced that it would allow telecom companies to provide banking services that are aimed at giving Nigerians without bank accounts access to mobile money services in order to bridge the…
MTN’s major investor pushes for board reorganisation
MTN Group’s biggest shareholder, Public Investment Corp (PIC), is pushing for changes at the board level to avoid the regulatory...
NSE woos other networks as MTN lists shares
Hope for increased market liquidity on the Nigerian Stock Exchange (NSE), brightened yesterday, when the local...
MTN appoints Sanusi, Abdullahi board members
MTN Group has announced the appointment of the Emir of Kano, Muhammadu Sanusi 11, to its Board of Directors effective July this year.The telecommunications firm also listed Dr. Aisha Abdullahi, a former African Union (AU) Commissioner for Political Affairs and a former Nigerian Ambassador to Guinea as a board member. Welcoming the new directors to the…
MTN may rake in $600m from sale of Jumia shares
Jumia, Africa’s online retailer, is planning an initial public offering (IPO) in New York this year that could value the business at about $1.5 billion, according to those in the know.
Negative sentiments, socio-economic uncertainties lull capital market buoyancy
In an ideal economy, an efficient and vibrant financial system mobilises savings and allocates them to investments by private entrepreneurs...
MTN Group meets FG, others over Nigerian IPO
MTN Group has met with the federal government as part of its commitment to Nigeria and assures the government of its commitment on the planned IPO and diversification of shareholding to Nigerians.
MTN, Ecobank partner on Africa’s financial inclusion
In the bid to increase the level of financial inclusion across the continent, MTN and Ecobank have signed a Memorandum of Understanding (MoU) to put together expertise and advocate more patronage of digitalised financial services.