MTN Group remains committed to negotiating a $65 million sale of its 75% stake in its Syrian unit, the South African mobile operator said on Sunday, despite the business being placed under judicial guardianship last week.
The company reported after-tax profit growth of 38.4% for the year to end-December 2020 BL PREMIUM 25 February 2021 - 17:28 Mudiwa Gavaza
MTN Ghana has reported a profit jump of 38%, driven by Covid-19, which has boosted demand for digital and communications services.
The pandemic and its lockdowns have heightened the need for reliable and resilient data and digital services, the group said. This put pressure on network infrastructure, prompting the telecoms provider to roll out additional sites to improve coverage.
BL Premium
This article is reserved for our subscribers. A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Daily Monitor
Saturday February 20 2021
Mike on the wheel. Mutebi is under pressure to deliver results at Lugogo and Myda’s arrival looks like the
ultimate template. PHOTO/John Batanudde
Advertisement
Mike Mutebi could count himself lucky. With pressure and speculation concerning his future at 13-time league champions KCCA in overdrive, basement dwellers Myda’s arrival to the MTN Philip Omondi Stadium in Lugogo couldn’t have come at a better time.
The only downside is that such a “sure win” match can turn out to be the noose handed to Mutebi if he cannot negotiate past the Malaba-based stragglers of the StarTimes Uganda Premier League today.
Race is on between banks and mobile operators for your money Low levels of formal banking services in emerging economies, together with high smartphone penetration, provide near perfect conditions for growth of mobile payments BL PREMIUM 17 February 2021 - 20:35 Mudiwa Gavaza
A new partnership between MTN and MasterCard has given mobile payments in Africa yet another boost. Over the past decade, emerging market economies in Asia and Africa have been at the forefront of mobile payments innovation, with the likes of China’s WeChat or Kenya’s M-Pesa seen as leaders in their fields.
Low levels of formal banking services in these economies, together with high smartphone penetration, has provided the perfect recipe for the growth of mobile payments. That said, mobile wallets and other related services have had limitations on the extent or type of payments that can be made. Internet transactions, where the majority of e-commerce is done, has been one such limit.