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Monday, September 28, 2020

MTN

Ghana to introduce measures to reduce MTN’s dominance

Ghana will implement a set of policies to reduce the dominance of MTN in the country’s telecommunications market, the government has said in a statement.“The National Communications Authority (NCA) will in the coming days begin the implementation of specific...

MTN to go ahead with Nigeria stock sale amid market crisis

MTN will push on with a plan to reduce its majority stake in the wireless carrier’s Nigerian business, though turmoil caused by the coronavirus may require the sale to be done in smaller chunks than anticipated.The impact of the...

Nigeria apex bank governor says bank may reduce MTN repatriation demand

The Nigerian apex bank may reduce the amount it has ordered South African telecommunication firm MTN to repatriate as part of an ongoing disagreement, central bank governor Godwin Emefiele said on Sunday.MTN...

MTN says $10.1b Nigeria demand makes listing in NSE challenging

A $10.1 billion demand by Nigerian authorities from South African telecoms group MTN (MTNJ.J) makes its planned debut stock market listing in the country “pretty challenging and awkward”, the group’s chief financial officer said on Wednesday....

Uganda orders MTN Group to list locally before license extension

Uganda has asked the local unit of South African telecoms giant MTN Group (MTNJ.J) to list some of its shares on the local stock exchange as a condition for renewing its operating license, a top official...

MTN South Africa CEO Mteto Nyati resigns, to be replaced by Motsa

Africa's biggest mobile phone operator MTN Group said on Tuesday that Mteto Nyati, the chief executive of its South African unit, will be resigning on March and will be replaced by Godfrey Motsa on the same day. Motsa is...

MTN tells stakeholders, prepare for big losses from Nigerian fine and Forex

African telecommunications giant MTN warned shareholders Monday to expect big losses caused by a $1 billion regulatory fine in Nigeria, damaging foreign exchange rates and a share offering to promote black empowerment in South Africa. A statement from the...
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Post coup Mali interim president and vice sworn in

ReutersRetired colonel Bah Ndaw was sworn in as Mali’s interim president on Friday, tasked with presiding over an 18-month...
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Migrants stranded in Libya face vicious cycle of cruelty

Associated PressAmnesty International said Thursday that thousands of Europe-bound migrants who were intercepted and returned to Libyan shores this year have disappeared after being...

Unusually heavy rains in Senegal expose big gap in $1.4B flood plan

ReutersMore than two weeks after heavy rains hit Senegal, thigh-high stagnant water still fills streets in Dakar’s suburbs, as angry residents ask what happened...

Fmr French president Sarkozy to know fate in cash-from-Libya case

AFPA Paris appeals court will rule Thursday on a legal challenge by ex-president Nicolas Sarkozy and former aides against an investigation into claims that...

US Secretary of States pushes for breakthrough on Sudan deal

AFPWith weeks to go before US elections, Secretary of State Mike Pompeo is racing to make a breakthrough with Sudan that he hopes could...