MTN Group has given the Ugandan unit the regulatory approval to offer 20 per cent of its stake in an initial public offering (IPO) to local investors. The move is …
Category:
Telecommunications
Mobile money users have complained about the charges being imposed on them by businesses for transactions carried out through momo-pay codes. The complaints come just weeks after the central bank …
(Reuters) – South Africa’s largest grocery retailer Shoprite Holdings SHPJ.J on Tuesday reported a 20.3% rise in annual earnings and said it hopes to conclude the sale of assets in …
MTN Group is in talks with potential international buyers for its wireless business in Afghanistan, a bid to accelerate plans to exit the country, according to people familiar with the …
South African telecommunication companies are trying to settle a wireless spectrum auction dispute with the industry regulator out of court to avoid a prolonged legal battle. “Mediation efforts” are underway …
MTN Group has decided to pull the plug on its operation in war-torn Syria after it lost control of the business. It has booked a loss of R4.7 billion on …
Zoom Video Communications Inc (ZM.O) agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated users’ privacy rights by sharing personal data with …
- Northern AfricaSpotlightTelecommunications
Kuwait’s Zain Ventures invests in Pipe, Swvl to support business growth
Kuwait’s Mobile Telecommunications Company (Zain) has launched Zain Ventures to explore future investment opportunities in the venture capital, financial technology (fintech), and the technology world, with a focus on digital …
Airtel Africa Plc has announced that it has secured a $200m investment from Qatar Holding LLC. This is in a bid to boost its mobile money arm. According to a …
MTN Nigeria Communications Plc (MTN Nigeria) mobile subscribers declined by 7.6 million to 68.9 million, impacted by the regulatory restrictions on new subscriber identity module (SIM) sales and activations, according …