Jumia Technologies said on Monday that Mastercard has agreed to invest €50-million in a private placement ahead of the Africa-focused online retailer’s planned initial public offering in New York.
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Snapp, also known as the Uber of Iran, said its ride-hailing app is generating two million fares a day as young people in Tehran embrace technology in a market that’s off-limits for western investors.
On the TalkCentral podcast this week, Duncan McLeod and Regardt van der Berg unpack Apple’s big services event and wonder if the company has done enough to be a meaningful competitor to Netflix.
MTN said on Friday that it will increase the price of some of its post-paid plans from 1 May and 1 June.
MTN Group CEO Rob Shuter was paid R42.9-million in the financial year ended 31 December 2018, up from R40.6-million in 2017, while other top executives were also handsomely rewarded.
Shares of MTN Group recovered from their biggest decline in more than five months to close little changed as Nigeria urged a Lagos court not to block a $2-billion penalty it imposed on the mobile carrier.
MTN South Africa has launched a new service on WhatsApp that allows its customers to check their balances, top up their airtime and buy data bundles without having to leave the Facebook-owned messaging app.
MTN Group’s South Sudan unit said it’s investing at least R430-million in revitalising and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country.
Eskom’s rolling blackouts are placing severe strain on mobile network operators trying to keep base stations up and running.
MTN Group plans to push ahead with an initial public offering of its Nigeria unit in April or May once Africa’s biggest wireless carrier resolves a $2-billion tax dispute in the country.