MTN Group expects Nigeria to overcome the short-term “pain” of President Bola Tinubu’s economic reforms by next year.
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MTN South Africa’s margins remain under pressure as the company invests in making its network resilient against load shedding.
MTN Group hopes to exit Afghanistan soon, with Guinea-Bissau, Guinea-Conakry and Liberia likely next to be sold.
MTN Group has revised its estimate of unrealised foreign exchange losses in Nigeria.
Covid-19 accelerated the transition among Africa’s 54 countries to wireless, remotely engaged commerce.
JSE-listed MTN Group said it’s reviewing a demand by a Nigerian tribunal for unpaid taxes.
Vodacom and MTN want big internet firms to contribute a “fair share” for carrying data traffic over their networks.
MTN South Africa is targeting 99% network availability during stage-6 load shedding, the CEO of parent MTN Group said.
MTN Group is seeking as many as three more strategic investors in addition to Mastercard for its fintech unit.
President Cyril Ramaphosa met with business leaders as concern over South Africa’s multiple crises grows.