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.

Naspers, Africa’s largest company by value, plunged the most in almost 10 years in Johannesburg trading after Chinese Internet giant Tencent posted earnings that missed analyst estimates.

Barely four months after joining Telkom’s BCX subsidiary as chief operating officer, Michael Buttner has resigned. He will leave BCX’s employ at the end of the month.

ICT provider Vox said on Wednesday that it will shut its Waverley, Johannesburg data centre in favour of an outsourced arrangement with Teraco.