Author Loni Prinsloo

Loni Prinsloo is deals reporter at Bloomberg, based in Johannesburg.

News

Cell C affirms 2020 listing plans

Cell C is planning a share sale in Johannesburg by the first quarter of 2020 as South Africa’s third largest wireless company seeks funds for acquisitions.

News

MTN may sell shares in Jumia

MTN Group is exploring a sale of shares in African online retailer Jumia and values the company at as much as US$1-billion, according to people familiar with the matter.

News

Helios eyes DRC after scrapping listing plans

Helios Towers is investing tens of millions of dollars in the Democratic Republic of Congo and looking for acquisitions as the African phone-tower operator seeks to move on from a scrapped initial public offering earlier this year.

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Debt, Iran worries send MTN shares tumbling

MTN Group has warned that renewed US-led economic sanctions against Iran had once again tied up funds in its second biggest market, scuppering plans to turn the country into a cash cow after years of troubles.

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