Samuel Mungadze

MTN eyes Q2 to spin off lucrative Fintech business

The structural separation of the Fintech, fibre units is underway and both businesses will be operating companies in the next 18 months, says the company.
Samuel Mungadze
Mar 7, 2022

Elon Musk refuses to drop Russian news sources on Starlink

The businessman says his company will not do so unless at gunpoint because he cherishes free speech.
Feb 17, 2022

Opportune time for MTN to reposition its identity, say analysts

The telco will reveal a refreshed brand identity from 27 February, as part of its Ambition 2025 strategy.
Jan 31, 2022

MTN Nigeria records sturdy full-year growth

Data, Fintech, and accelerated digital adoption continue to anchor MTN's performance in the year ended December.

Ramaphosa orders probe of Telkom’s Africa asset sale deals

The investigation will establish if asset sales were unlawful, irregular or unapproved, as well as the losses incurred by the state, which was majority shareholder at the time.
Dec 16, 2021

MTN shuffles exco as Godfrey Motsa steps down as SA CEO

The telco says the executive changes are about enhancing the structures needed to execute on its Ambition 2025 strategy.
Nov 24, 2021

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.

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.
Nov 17, 2021

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.
Nov 15, 2021

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.
Nov 9, 2021

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.
Nov 4, 2021

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.
Oct 29, 2021

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%.