Telecel Group has bought two West African units from MTN Group as it scales operations ahead of a future listing.
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Ghana has granted Vodafone International Holdings approval to sell its 70% stake in Vodafone Ghana to Telecel Group.
Vodafone Group explored a sale of its Ghanaian business to subsidiary Vodacom Group in early 2021 but that deal did not materialise.
Instant messaging application WhatsApp was unavailable in Zimbabwe on Wednesday amid fears that the government was clamping down on social media as the economically and politically troubled Southern African country faced a day of national protest
Mobile network Telecel Zimbabwe says it remains committed to its nearly 2,5m subscribers in Zimbabwe after the high court granted it temporary relief against the cancellation of its operating
Morgan Tsvangirai’s Movement for Democratic Change (MDC) party said on Wednesday that an ongoing fight over Zimbabwe’s third-largest mobile operator proved the country was “a failed state”. Spokesman Obert Gutu said the fact that Telecel
Altech, a subsidiary of Altron, plans to sell its Liquid Telecom stake, acquired in January 2013, to Econet Wireless, Liquid’s parent company. The 8,6% stake will be sold to Econet for US$55m, giving Liquid an implied value of $640m. Altech says it is exercising this option because the stake
MIP Holdings, an independent software development house based in Johannesburg, has acquired Stellenbosch-based Itemate Solutions for an undisclosed sum. It hopes the deal will give it access to Africa’s vast unbanked market by allowing it to merge
Zimbabwe cellphone subscribers have increased four-fold since a unity government took office last year, but local firms say they battle to attract investors who worry the political truce won’t last. In 2008, when the local currency was ravaged by world-record hyperinflation, Sim cards were selling for up to US$220 — not including a phone.