Ralph Mupita, MTN Group’s chief financial officer, will replace Rob Shuter as the CEO of the telecommunications provider on 1 September.
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Wireless towers operator IHS Holding is exploring a potential IPO, shareholder Wendel said on Tuesday, in a deal that could be the biggest listing ever by an African company in the US.
Revenues for African e-commerce heavyweight Jumia slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the Covid-19 would lead to a flood of online orders.
MTN Group is considering selling its stake in Iran’s ride-hailing app Snapp as it trims its e-commerce portfolio and plans an exit of the Middle East.
Liquid Telecom South Africa has made no decision yet about retrenching staff but has begun a consultation process with employees that could – and probably will – lead to job losses in the months ahead.
MTN Group will exit its operations in the Middle East to become an Africa-only-focused telecommunications operator, CEO Rob Shuter announced on Thursday.
MTN South Africa is feeling the impact of the lost revenue from former roaming partner Telkom, with the company’s service revenue declining by 2.5% year on year despite a strong operational performance.
MTN Group is planning to sell part or all of its R4.2-billion interest in Jumia Technologies as it looks to pay down debt and enter new markets, according to people familiar with the matter.
MTN Group is opening an application programming interface marketplace for software developers. Called Chenosis, it’s meant to allow developers and businesses to discover and subscribe to open APIs.
Telkom Financial Services managing executive Sibusiso Ngwenya joins the TechCentral podcast to unpack the news at the weekend that the company is launching a range of financial services products.