MTN Group published a suite of 2020 reports – including the Integrated, Sustainability, Transparency and Tax Reports – covering how the Group performed in the year and how it delivered on its commitments to stakeholders.
Telecom Operators
Safaricom to initiate new mobile health records system
Safaricom has partnered with Nakuru County to improve health services for over 100,000 people through an integrated electronic medical records program named Afya Moja.
Hormuud Telecom aims big with Somalia’s first mobile money app
As a first in Somalia, Hormuud Telecom, the country’s largest telecommunications provider, has announced the rollout of its first indigenous mobile money application, WAAFI.
Telecom Egypt, Sudatel sign deal to boost international connectivity
Telecom Egypt and the Sudatel Telecom Group signed a memorandum of understanding (MoU) to enhance cooperation in the field of international connectivity between Egypt and Sudan.
Orange Group registers growth driven by Africa and Middle East markets
Orange group revenues were up 0.5% in Q1 2021 thanks to the recovery of equipment sales and an excellent performance in fixed broadband and IT and Integration services.
MTN Group targeting $5bn mobile money unit valuation and IPO listing
According to MTN Group CEO Ralph Mupita, MTN Group is targeting a valuation of its mobile-money arm at about $5-billion, and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly popular on the continent.
MTN Rwanda announces listing on Rwanda Stock Exchange
MTN Rwandacell Plc (MTN Rwanda) has announced that it will list on the Rwanda Stock Exchange (RSE) on 4 May 2021.
Airtel Africa to receive $100 mn investment in mobile money unit
Mastercard Inc is ready to invest $100 million in Airtel Africa’s mobile money operations valuing the business at $2.65 billion, the London-listed company said.
Millicom pulls back from African markets to focus on Latin America
Millicom International Cellular S.A. (“Millicom”) announces that it has signed agreements for the sale of its operations in Tanzania and for its stake in the AirtelTigo joint venture in Ghana. Once closed, the transactions will complete Millicom’s multi-year plan to divest its African operations and focus on its Latin America markets.
MTN Zambia to migrate 274 sites to enhance quality of service
Having recently secured spectrum on the 800 MHz band, MTN Zambia expects migrating 274 sites which will lead to enhanced quality of experience for customers “through improved indoor coverage and network capacity,” according to the company’s statement.