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Forbes Africa Published 2 months ago By David Dawkins, Ariel Shapiro, Momina Khan, Jennifer Wang, Chase Peterson-Withorn and Kerry A. Dolan In Africa—as elsewhere in the world—the wealthiest have come through the pandemic just fine. The continent’s 18 billionaires are worth an average $4.1 billion, 12% more than a year ago, driven in part by Nigeria’s surging stock market. For the tenth year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth $12.1 billion, up by $2 billion from last year’s list thanks to a roughly 30% rise in the share price of Dangote ...

By Reuters Staff 2 Min Read JOHANNESBURG (Reuters) - South African mobile network operator MTN Group has asked the Gauteng High court to scrap or review the telecom regulator’s auction process for awarding spectrum vital for rolling out 5G technology. The logo of MTN is pictured in Abuja, Nigeria September 11, 2018. REUTERS/Afolabi Sotunde/File Photo MTN is the latest mobile operator to take the Independent Communications Authority of South Africa (ICASA) to court, after smaller rival Telkom sought the court’s help in December to halt the sale, a move ICASA says it will challenge. The le...

28 january 2021 - 23:29:24 AO/WA Panafrican News Agency Liquid Telecoms acquires stake in Quattro Business Solutions Nairobi, Kenya (PANA) - Liquid Telecom, a subsidiary of Econet Global, owned by Zimbabwean telecom enterpreneur Strive Masiyiwa, said Thursday it had acquired a stake in Quattro Business Solutions (QBS), a major provider of digital services. "The strategic acquisition of this international partner allows Liquid Telecom to increase the breadth of digital service offerings to local partners," Liquid Telecoms, which is registered in London, said. Liquid Telecoms, which opera...

Icasa will meet MTN in court over 5G spectrum challenge Communications regulator Icasa said on Friday that it will oppose MTN South Africa’s urgent court application challenging a plan that could see smaller operators get first dibs at a crucial band for 5G telecommunications. MTN is unhappy with the way Icasa intends making access to the 3.5GHz radio frequency band available in the upcoming spectrum auction, which is set to take place in late March . The mobile provider is aggrieved because it believes smaller operators — those other than MTN and Vodacom — will get access to the ...

MTN says that Icasa is shutting it, and Vodacom, out of a crucial round of the auction, which could mean that they end up without access to 5G spectrum.