MTN

MTN Group has big ambitions for its mobile money business and is presently considering publicly listing that side of the business in an initial public offering (IPO).

Yesterday, the telecommunications company, MTN Nigeria announced ten alternative channels for its customers to buy airtime for their mobile devices after commercial banks disallowed MTN subscribers to use their channels. All banks in Nigeria, except Zenith Bank, have taken MTN off their platform. Customers can now recharge airtime through fintech solutions platforms such as Flutterwave, […]

For the first time in 23 years, South Africa’s Johannesburg Stock Exchange (JSE) plunged by more than 9% at the close of trading on Thursday, thanks to coronavirus. The most notable slumps happened to shares of the country’s biggest technology companies. MTN Group plunged 13.9% to R54.39 ($3.36) per share, Vodacom was 5.3% lower at […]

MTN Nigeria has shut down its stores and service centres across Nigeria as reactions from xenophobic attacks in South Africa continue to grow. In a press release posted on Wednesday, the Nigerian subsidiary confirmed that its facilities and stakeholders have been subject of attacks since Tuesday. It announced that all its stores and service centres […]

A subsidiary of MTN Nigeria, Yello Digital Financial Services (YDFS), has secured a licence from the Central Bank of Nigeria to operate financial services in the country.

This is an edited version of the TechCabal daily digest for September 5, 2017. Subscribe to get it in your mailbox every day around 7am (WAT).