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.
Author: Loni Prinsloo
Loni Prinsloo
Loni Prinsloo is deals reporter at Bloomberg, based in Johannesburg.
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.
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.
Uber Technologies is partnering with insurance company Chubb to cover its South African drivers in case of death or injury as violent attacks plague the country’s cities.
MTN Group’s R10-billion plan to extend fibre home broadband connections to Iranian cities has been put on hold because of looming economic sanctions imposed by US President Donald Trump.
MTN Group’s sale of its Cyprus unit is just the start of a broader exit from small or problematic markets, with the Liberian unit leading a number of West African divisions being considered for disposal, according to sources.
Naspers has put aside the proceeds of share sales in Chinese Internet giant Tencent and India’s Flipkart to pay for new investments due to the abundance of opportunities in its preferred media and technology markets
Vox Telecom shareholders are looking to sell the South African network provider for about R3-billion to take advantage of consolidation in the industry, according to two people familiar with the matter. Owners including
Vodacom Group has cut its dividend and reported earnings that missed estimates as Africa’s biggest wireless carrier by market value absorbed the acquisition of a stake in Kenya’s Safaricom and expanded its network
MTN Group plans to borrow as much as 400bn naira (US$1.1bn; R13.8bn) in Nigeria this year as Africa’s largest wireless carrier by sales seeks to fund local investment and replace existing debt in the continent’s