US tariffs could derail Africa’s telecom growth, MTN CEO warns
MTN Group's CEO Ralph Mupita warns that new US tariffs on technology imports could impact Africa's telecom sector. The company spends around $2 billion annually on network infrastructure, which may be threatened by rising equipment costs.
Africa’s digital payments projected to reach $1.5 trillion by 2030
Mastercard's digital payments economy in Africa is projected to reach $1.5 trillion by 2030. The MADE Alliance aims to provide digital access to 100 million businesses and individuals over the next decade.
MTN Group gains $15.8 million from Guinea-Bissau Sale, reports loss on Guinea-Conakry
MTN Group reported a gain of R287 million ($15.8 million) from the sale of its Guinea-Bissau subsidiary. The sale to Telecel aligns with MTN's strategic divestment from smaller West and Central African markets.
MTN’s $5.2B fintech spinoff moves forward, but faces regulatory delays in Nigeria
MTN Group is separating its fintech operations in Ghana, Uganda, and Nigeria, with plans to finalize by mid-2025. The fintech unit is valued at $5.2 billion as part of Mastercard's minority stake acquisition.
MTN’s Fintech Spin-Off Clears Path for Mastercard Investment
MTN Group is separating its fintech businesses in Nigeria, Ghana, and Uganda. Mastercard is set to acquire a minority stake in MTN's fintech division.
