Econet Group, the company founded by Zimbabwean tycoon Strive Masiyiwa, has announced the creation of a new entity that will hold many of the group’s assets.
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Vodacom Group is entering North Africa for the first time, announcing on Wednesday that it will acquire Vodafone Egypt from parent Vodafone Group for R41-billion.
Kenya’s biggest telecommunications operator has lowered its full-year forecast for earnings due to its investment in Ethiopia.
Stanlib Asset Management has invested R2.4-billion in the Khudu Pitje family-controlled company to accelerate the roll-out of broadband across the country.
Telkom CEO Sipho Maseko was responding to questions about a news report which said MTN had made an approach to buy the company.
As Telkom makes plans to list its masts and towers business, Swiftnet, next year, the unit is actively preparing for the mass deployment of 5G in South Africa.
The number of active fibre-to-the-home connections in Telkom’s network has leapt past the number of legacy copper connections.
Despite a weekend report of an approach by MTN Group, Telkom shares were trading lower on Monday, implying investors don’t believe a deal is imminent or even possible.
The International Finance Corporation has partnered withLiquid Intelligent Technologies to expand data centre capacity and roll out fibre-optic cable in Africa.
Shares of MTN Nigeria hit an all-time high on Monday after receiving approval to operate mobile money services in Africa’s most populous country.