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Thursday, July 2, 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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Mali opposition propose reform to curb president’s powers

Opponents of Mali’s President Ibrahim Boubacar Keita on Wednesday sought an end to political crisis rocking the country, by...
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Popular Nigerian Twitter influencer and UK based doctor accused of rape

An online celebrity Nigerian medical doctor based in United Kingdom, Dr Funmilayo Ogunsanya is in danger of loosing his medical license after being accused...

Funeral for assassinated Ethiopia’s Oromo singer begins, thousands kept out

Security was high in Ethiopia’s Ambo town on Thursday for the funeral of singer Haacaaluu Hundeessaa, whose killing earlier this week sparked two days...

Group decries Nigerian AGF comments on whistleblowers and looted fund

Whistle blower not responsible for recovery of looted fund. Call for transparency and consistency in application of...

Ethiopia spiraling out of control , late singer’s uncle killed, father in critical condition

At least eight more people has died including an uncle of the late popular Oromo singer, who was gunned down in Ethiopian capital on...