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MTN Surges as Nigeria Nears Approval for Mobile Banking License

(Bloomberg) -- MTN Group Ltd.’s shares surged in Johannesburg after it moved a step closer to getting a license to operate lucrative mobile-money services in Nigeria, Africa’s most populous nation.  The continent’s largest wireless carrier jumped as much as 19% and was up 13.7% at 11 a.m.
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IPO Mania Skips Africa, Where Fast-Growing Firms Prefer Debt |

(Bloomberg) -- A global surge in initial public offerings has so far eluded sub-Saharan Africa. Companies have raised a record $467 billion on the world’s stock exchanges during the first eight months of this year, according to data compiled by Bloomberg. Yet in Johannesburg, home of Africa’s largest bourse, 21
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Flutterwave Partners Ethiopia Firm to Boost Cash Transfers |

Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy. Flutterwave Inc. agreed a partnership with an Ethiopian company to facilitate mobile payments into the Horn of Africa country, part of plans to grow the customer base and add products. The agreement will allow more than eight million Ethiopian diaspora to send money home through local tech firm Amole, Flutterwave said in statement on Thursday. The dea...
Ethio Telecom Flutterwave Inc Chase Coleman Tiger Global Management Prime Minister Abiy Ahmed Chase Coleman Tiger Global Management

Hedge Fund and Insider Trading News: Anthony Scaramucci, Carlson Capital, Elliott Management, Starboard Value, Ress Capital, PennyMac Financial Services Inc (PFSI), Estee Lauder Companies Inc (EL), and More

Hedge Fund and Insider Trading News: Anthony Scaramucci, Carlson Capital, Elliott Management, Starboard Value, Ress Capital, PennyMac Financial Services Inc (PFSI), Estee Lauder Companies Inc (EL), and More The past two years have not been kind to Clint Carlson‘s hedge fund manager. Carlson Capital has seen its assets fall by billions while investing talent keeps heading out the door. The latest investor update the Dallas-based manager sent out, seen by Insider, shows the damage. Compared to...
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