Samuel Mungadze

Motsepe’s ARC joins consortium to seal R1.5bn Fintech deal

African Rainbow Capital will acquire 37% of Fintech firm Crossfin through a consortium, for R600 million, in a combination of acquisitive and growth capital.
Samuel Mungadze

MTN accelerates Middle East departure, exits Yemen

The Pan-African telecoms giant agrees to withdraw from its operations in Yemen, through a transfer of its shareholding to a minority shareholder.

MTN SA concludes R6bn tower sale, leaseback deal with IHS

The deal entails the sale and leaseback of 5 709 of MTN SA’s towers – comprising approximately 4 000 greenfield and 1 700 rooftop sites.

Vodacom in major African Fintech push, guns for 70m customers

The telco sees strong growth potential for customer adoption and is targeting 73 million financial services customers in three years.

Subdued growth for Telkom as fibre connections surpass copper

The challenging economic and trading environment saw restrained half-year growth, supported by the telco’s mobile division and masts and towers business.

MTN weathers COVID third wave as revenue soars

Africa’s biggest telco says it is committed to investing in the capacity and resilience of its networks, while scaling its platforms to drive accelerated growth.

Data, fintech, digital services lift MTN Nigeria in Q3

Fintech revenue grew by 55.2%, as customers continued to increase their use of the telco’s broader fintech services, while digital revenue surged by 56%.
Sep 22, 2021

SAP Africa’s Cathy Smith urges corporates to support start-ups

Tech is the enabler for development and it’s clear that traditional models for building economies are no longer valid, says the ICT executive.

MTN denies new tax squabbles with Nigerian authorities

Africa’s biggest telco says that as recently as last year, the Nigerian tax authorities commended it for its prompt payment of dues.
Aug 18, 2021

MTN evaluates Afghan exit plans as Taliban retakes Kabul

The telco says it is assessing its options to leave the volatile country, but for now, it will continue to offer services to its millions of subscribers in the region.
Aug 16, 2021

Phuthuma Nhleko steps down from MTN group advisory role

The former MTN CEO was earlier this year nominated as JSE chairman-designate and will assume the role of board chairman next year.
Jul 1, 2021

Industry touts blockchain tech as catalyst to lift intra-African trade

Insiders predict intra-African trade could rise 20% to 30% within the next five years with the use of digitisation and blockchain.
Jun 21, 2021

Naspers’s e-commerce revenue outpaces Tencent

The company posts blowout e-commerce revenue growth of 55% for the year, outperforming the Chinese Internet giant, which posted 28% revenue growth.