Author: Loni Prinsloo

Telecommunications group MTN started a R9,9bn empowerment plan that will boost black ownership of its South African unit to more than 30% and allow Africa’s biggest mobile operator to bid for high-speed Internet

A planned sale of shares in Vodacom by the Public Investment Corp to black investors has been abandoned, according to two people familiar with the situation. The proposed sale by Africa’s biggest

MTN Group shares gained the most in more than five weeks after Africa’s biggest mobile phone operator booked the full value of a 330bn naira (US$1bn) fine in Nigeria, drawing a line under a 10-month saga that

Inside a packed Vodafone Group store in the Zambian capital of Lusaka, a group of the city’s tech-savvy students wait in line for wireless modems they hope will transform their ability to surf the Internet. They don’t even

Naspers increased the compensation of CEO Bob van Dijk by 5% as the company prepares to further boost its international Internet business in the face of falling pay-television customers in sub-Saharan Africa. Van Dijk was paid US$1,67m

South Africa will start the process of selling broadband spectrum after a delay of several years, a significant step toward introducing high-speed Internet in the continent’s most industrialised economy

Naspers named Akash Bhatia chief financial officer of its ShowMax video streaming business as Africa’s biggest company by market value expands the service to 36 new countries in a challenge to Netflix, which is also growing in the

Naspers is seeking to further boost its international Internet business as it grapples with falling pay-television subscription numbers in sub-Saharan Africa. The company, which usually spends half a billion dollars

MTN Group named Vodafone Group’s Rob Shuter as CEO, turning to a seasoned executive to lead Africa’s biggest mobile-phone company following the settlement of a record fine in Nigeria. Shuter, a South African who leads Vodafone’s

MTN Group’s record US$1,7bn Nigerian fine is about to get a whole lot cheaper. MTN rose the most in a week on Friday as investors prepared for a slump in the Nigerian naira after Africa’s second-biggest crude producer’s central bank said it will