East Africa’s biggest company sees no compelling case for splitting its mobile money service M-Pesa into a separate unit.
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The dispute over taxes might seem niche, but in the case of Congo the stakes are enormous.
Operators in Nigeria will stop providing dedicated text message services to banks until the lenders pay ₦120-billion in arrears.
Helios Investment Partners is in talks with African telecoms operators and banks about ways it can help them cash in on their mobile money and digital payments platforms.
MTN’s Nigerian unit has been awarded a 5G licence, paving the way for the continent’s largest wireless carrier to supply faster Internet to consumers and businesses.
Since much of Africa’s population has limited access to financial services, the continent is one of the world’s most attractive banking opportunities as incomes rise.
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.
MTN Group’s shares surged in Johannesburg after it moved a step closer to getting a licence to operate lucrative mobile money services in Nigeria.
MTN Group and Airtel Africa were given the green light to resume the sale of new Sim cards in Nigeria following the implementation of a new policy linking them to national ID numbers.
Mastercard will invest $100-million in Airtel Africa’s mobile money operations, valuing the business at $2.65-billion, the London-listed company said on Thursday.