Author: Loni Prinsloo

Prosus is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings and a net cash position of US$4.3-billion.

Vodacom Group reinstated growth targets and said it has the financial strength to take part in a long-awaited auction of broadband spectrum in South Africa.

MultiChoice Group has expanded its repertoire with an agreement to buy a 20% stake in Africa-focused sports-betting platform BetKing for as much as R1.8-billion.

Airtel Africa plans to sell about 4 500 telecommunication towers across five countries including Tanzania and Madagascar to help reduce $3.5-billion of debt and prepare for looming bond repayments.

Liquid Telecom has raised $307-million through a rights issue to fund a rapid expansion of its data centre business across Africa.

Naspers-backed cryptocurrency platform Luno is expanding into Australia as bitcoin rallied 59% this year amid the coronavirus pandemic.

MTN Group is considering selling its stake in Iran’s ride-hailing app Snapp as it trims its e-commerce portfolio and plans an exit of the Middle East.

MTN Group is planning to sell part or all of its R4.2-billion interest in Jumia Technologies as it looks to pay down debt and enter new markets, according to people familiar with the matter.

The Zimbabwean businessman is seeking buyers for 20% to 34% of Liquid Telecommunications Holdings for as much as R10-billion, though Covid-19 is frustrating those efforts, sources say.

The big deals that Prosus should be winning are slipping through its fingers. It’s not a great start for a company set up to be a deal machine.