MTN Group, Africa’s biggest wireless operator by sales, and minority shareholders in its Nigerian business are seeking to raise about US$1bn in an initial public offering, a condition tied to the settlement of a record fine imposed by the West African government, people familiar with the plan said.

Denmark’s Jyske Bank became the second money manager to say it won’t lend to Eskom after the nation’s biggest specialist fixed-income manager said it had stopped extending credit to state-owned companies amid

The courts are the last place South Africans should be negotiating the future of the information and communications technology sector, yet that is exactly what is happening, a prominent businessman

Instant messaging appplications WhatsApp and Facebook Messenger will not combine and will operate independently, Facebook CEO Mark Zuckerberg has said. The statement was made after WhatsApp’s recent announcement that

Facebook founder and CEO Mark Zuckerberg has said the “future of the world” will be built on the African continent. Zuckerberg made the statement during his first visit to sub-Saharan Africa, where he visited Lagos, Nigeria. A small group

Facebook will launch a satellite later this week to extend Internet access to rural parts of sub-Saharan Africa, CEO Mark Zuckerberg said. The satellite will “beam down connectivity”, the CEO said in a presentation on