After suspending operations around the world following a ban by the US government, ZTE South Africa is back in business, the Chinese telecommunications equipment company said on Monday.

Adapt IT will continue aggressively to buy back its own “undervalued” shares, CEO Sbu Shabalala said.

MTN Group is facing pressure to list its unit in Uganda as Africa’s largest mobile phone company seeks to renew a licence in the country.

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.

Adapt IT has reported a 14% improvement in headline earnings per share for the year ended 30 June 2018 on the back of a 36% growth in turnover, much of which flowed through from the acquisition of Micros.

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.