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MTN Group on Monday said it had signed an initial agreement with global payments giant Mastercard to sell a minority stake in its fintech arm. MTN had been trying to unlock value in its financial technology and payments arm amid crippling power cuts in its home country South Africa that have forced…
MTN Group, Africa’s largest telco, said that its fintech unit grew by 22%, even as MoMo user growth remained flat.
MTN Rwanda reported an increase in revenue from $90.3 million to reach $103.6 million.
By Anthony O. Goriainoff MTN Nigeria Communications said Monday that its first-half pretax profit fell after booking higher costs, and that it expects the...
MTN has Uganda's largest subscriber base at around 15 million. It chiefly competes with a local unit of Bharti Airtel.