Africa’s biggest mobile operator, MTN, yesterday received the green light to list on the Nigerian unit on the Nigerian Stock Exchange today to take the value of its biggest market to 1.8 trillion nairas (R71bn). The group lists at a hefty discount as a result of unresolved regulatory disputes with Nigerian authorities and unpaid taxes. …
South Africa’s Former Deputy Finance Minister Mcebisi Jonas
MTN Group has announced it will launch an instant messaging (IM) service akin to China’s WeChat and Facebook’s WhatsApp as it seeks to expand revenue from digital services and mobile money. With the IM platform, which will form part of the group’s mobile money initiatives, MTN wants to build what group CEO Rob Shuter calls the…
Christmas has come early for MTN Group. The telecommunications operator’s shares are likely to soar when markets reopen on Thursday in Johannesburg after it announced late on Monday that it has settled a multibillion-dollar dispute in Nigeria. It will pay just US$53.2-million (about R777-million) in a settlement with Nigeria’s central bank, a tiny fraction of the…
MTN Group has announced the appointment of several executives, including the position of Chief Technology & Information Officer and Executive for Corporate Services & Sustainability. Charles Molapisi has been appointed as the company’s Group Chief Technology and Information Officer, effective 1 January 2019. His appointment follows Babak Fouladi’s resignation from the company to take up…
