Vodacom Group affiliate Safaricom has appointed MTN’s Wim Vanhelleputte as CEO of its Ethiopia business.
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MTN Uganda has set its initial public offering price at 200 Ugandan shillings (R0.83) per share.
Uganda has deported the CEO of MTN’s Ugandan subsidiary, less than a month after the East African country did the same to its chief marketing officer, its head of sales and distribution, and its head of mobile financial services.
The continent is being hailed as a global cellphone banking and payments innovation hub, but it seems the sector will be coming under increasing regulatory scrutiny as the relationships between cellphone operators and banks are placed under the spotlight. A survey of players in the African