MTN to pour R2bn into Ghana infrastructure expansion

The Canadian software group says it is inching closer to a deal after receiving irrevocable commitment from shareholders holding 44.4% of Adapt IT shares.

The company establishes its first physical presence on the African continent, 15 years after the launch of the micro-blogging platform.

MTN Group records improved topline performance in the year ended December, driven by a surge in active data and Mobile Money subscriptions.

The bid for the long-awaited Ethiopian telecoms operator licence opens tomorrow and mobile operators have a month to submit their proposals.

The International Finance Corporation investment will support entrepreneurship, empower women and increase access to affordable mobility in the regions.

The fintech firm hopes the deal with the Kenyan bank will result in it contributing to economic growth and financial freedom on the continent.

The Mastercard Economics Institute says the opportunity for fintech disruption is high in Africa, with digitisation enabling financial inclusion in emerging markets.

The telco says 5G mobile tech has undergone extensive research, with numerous studies finding it has no negative impact on the environment or people.

The Nigerian regulator says urgent drastic measures have now become inevitable to improve the integrity and transparency of the SIM registration process.

The company signs a series of contracts in Kenya, South Africa, Madagascar and Benin, which it says highlights its growing footprint in the region.

The telco posts blowout half-year results, buoyed by double-digit data usage growth and higher customer demand for smart devices due to the lockdown.

The company acquires a 20% stake in the Nigerian online sports betting company, with the potential for a further R500 million investment.