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<p>Irene Charnely, Founder and Deputy Chairman of Smile Telecoms has officially become the president of the International Women&#8217;s Forum South Africa. Irene played an instrumental role in the listing of MTN and sits on the interim PIC board, she joins CNBC Africa for more.</p>


How this power woman hopes to effect change for SA economy


<p>JOHANNESBURG (Reuters) &#8211; MTN Group Ltd said on Tuesday the chief executive officers of its Zambian and Cote d’Ivoire units would step down at the end of the month.</p>



<p>Africa’s largest mobile phone operator said Zambia’s Philip van Dalsen, who joined MTN in 2012 as CEO of MTN Cyprus, would be replaced by MTN Rwanda CEO Bart Hofker, in October.</p>



<p>Mitwa Kaemba Ng’ambi has been appointed as the new CEO of MTN Rwanda.</p>



<p>The firm said Freddy Tchala, its Cote d’Ivoire CEO, who had a 17-year stint at the firm, would also be leaving at the end of September with his replacement still to be announced.</p>



<p>Spokeswoman Karen Byamugisha said van Dalsen and Tchala are both stepping down due to personal reasons.</p>



<p>MTN has a presence in 21 countries in Africa and the Middle East.</p>



<p>Reporting by Tanisha Heiberg; editing by Jason Neely</p>


CEOs of MTN’s Zambia and Cote d’Ivoire units are stepping down

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<p>Following the spate of xenophobic attacks in South Africa, many businesses with African operations have been affected as property and stock has been damaged and violence against employees has resulted in death. The South African Chamber of Commerce and Industry has called on business leaders and the police top brass to find a solution to the ongoing violence against other Africans in South Africa. CNBC Africa&#8217;s Kopano Gumbi spoke with MTN CEO, Rob Shuter.</p>


MTN CEO Rob Shuter says more needs to be done to tackle xenophobia


<p>ABUJA (Reuters) &#8211; Shares of MTN Nigeria hit a three-month high on Friday after the telecoms company’s offices partially reopened following a shutdown due to anti-South African attacks in the West African country.</p>



<p>The local units of South Africa’s MTN Group and supermarket chain Shoprite, closed all stores and service centres in Nigeria after their premises were attacked following days of riots in their home country chiefly targeting foreign-owned, including Nigerian, businesses.</p>



<p>The violence in South Africa has strained relations between Africa’s two biggest economies, with Nigeria saying on Thursday it would recall its top diplomat to Pretoria.</p>



<p>MTN Nigeria said its stores remained closed on Friday but skeletal office operations were resuming, its spokesman said, adding that staff were asked to stay at home for safety reasons.</p>



<p>Shoprite stores remained shut except for one in an upmarket area of the capital Abuja, a manager there said.</p>



<p>Shares in MTN, Nigeria’s second-biggest listed firm, rose 5.03% to 139.80 naira each, a level last seen in June. Johannesburg-listed Shoprite shares were up 1.8%.</p>



<p>Prior to the shutdown, the telecoms firm last week launched a mobile money transfer service, targeting Nigerians without bank accounts, and said it planned to become a payment services bank once it obtains approval from the central bank.</p>



<p>Reporting by Chijioke Ohuocha; editing by Jason Neely and Emelia Sithole-Matarise</p>


MTN Nigeria shares hit 3-month high after the telecoms company partially reopens

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<p>Moody’s Investor Service assigned a provisional B1 rating to the Acorn Project, a special purpose, limited liability partnership established under the laws of Kenya to issue up to Ksh5 billion of fixed-rate, senior secured Notes due 2024 under a MTN programme to part fund the construction of student accommodation buildings and other transaction costs in Nairobi. Christopher Bredholt, Moody&#8217;s Vice President, Senior Credit Officer and Lead Analyst for the Issuer joins CNBC Africa for more.</p>


Moody’s gives greenlight for Kenya’s Acorn Project to build student accommodation

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<p>KaiOS, the company who has partnered with MTN to create a $20 smart phone has fast become the world’s cheapest and fastest selling mobile phone in India and Africa. Today they announced the launch of Tecno, its own smart feature phone based on the KaiOS system. Sebastien Codeville, CEO of KaiOS joins CNBC Africa for more.</p>


How this company plans to disrupt Africa’s smartphone market

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<p>MTN has a solid set of results but a weak performance in the South African market has investors spooked. CNBC Africa&#8217;s Kopano Gumbi spoke with MTN Group CFO Ralph Mupita for more.</p>


MTN CFO: Here’s why we are excited about fintech, digital opportunities across Africa


<p>LAGOS (Reuters) &#8211; A Nigerian judge on Wednesday adjourned until Oct. 29 a case to resolve a $2 billion tax dispute between telecoms company MTN Group and the country’s attorney general.</p>



<p>The attorney general demanded South Africa’s MTN pay the $2 billion in September. The company has said the tax payment demand is without merit, it does not owe the money and the attorney general exceeded his powers in making the request.</p>



<p>Reporting by Libby George and Alexis Akwagyiram; Writing by Paul Carsten; Editing by Toby Chopra</p>


Nigerian court adjourns case between MTN and attorney general over $2 bln tax dispute

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<p>MTN Group says the listing of its Nigerian unit on the local bourse is a step in the right direction towards increasing local ownership in MTN Nigeria.  Seun Ameye, Fixed Income Trader at CITI Nigeria joins CNBC Africa to discuss the expected impact of the listing on Nigeria’s capital market.</p>


MTN Nigeria plans to raise debt in future

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<p>Nigeria’s largest mobile operator, MTN Nigeria, says it has received approval to list on the Premium Board of the Nigerian Stock Exchange by way of introduction. The CEO of MTN Nigeria Ferdi Moolman says the company still intends to pursue a future public offer in order to give more Nigerians greater access to the MTN opportunity. Aigboje Higo, Managing Director of Capital Bancorp joins CNBC Africa to explain the process of listing by introduction.</p>


MTN Nigeria to list on NSE on May 16

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<p>The Federal High Court in Lagos has ruled against the preliminary objection filed by Nigeria&#8217;s Attorney General in response to the three billion Naira suit filed against him by telecoms operator MTN Nigeria. The court ruled that MTN Nigeria met the deadline to respond to the tax demand levelled by the Attorney General of the Federation. Theophilus Emuwa, Managing Partner at AELEX joins CNBC Africa to discuss this story.</p>


Understanding MTN Nigeria’s legal battle with attorney general

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<p>The Competition Commission report into the high cost of data has named the South African mobile heavyweights for exploiting consumers. The report found that Vodacom and MTN were charging far more for data in South Africa than any other countries that they operate in. Both MTN and Telkom share prices were under pressure. James Hodge a Chief Economist at the Competition Commission joins CNBC Africa for more.</p>


Competition watchdog slams Vodacom, MTN for high data costs


<p>LAGOS (Reuters) &#8211; South African telecoms firm MTN has converted its Nigerian unit into a public company before its planned listing on the Nigerian bourse in the first half of the year.</p>



<p>MTN Nigeria said on Wednesday the conversion was a legal requirement to prepare for the listing and it was engaging with the Securities and Exchange Commission and Nigerian Stock Exchange.</p>



<p>“Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019,” MTN Nigeria chief executive Ferdi Moolman said.</p>



<p>Nigeria is MTN’s biggest market, with 52.3 million users in 2017, and accounts for a third of the company’s annual core profit, but has proven problematic in recent years.</p>



<p>In December, MTN agreed to make a $53 million payment to resolve a dispute in Nigeria. The move ended a four-month multi-billion dollar dividend repatriation row that hammered its share price.</p>



<p>Moolman said last month he expected the listing on the Nigerian bourse to be “probably more towards April and May”.</p>



<p>The company expects to list the unit without raising money from investors immediately, and has said it would simplify its capital structure before the listing.</p>



<p>Reporting by Chijioke Ohuocha; Editing by Edmund Blair and Mark Potter</p>


What you need to know about MTN converting its Nigerian unit to public company before planned listing

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<p>Jumia, an African e-commerce company that is backed by MTN is set to launch its IPO on the New York Stock Exchange later today, this could value the firm at $1.6 billion or more. Joining CNBC Africa for more on the Jumia listing is MTN Group CEO, Rob Shuter.</p>


Africa’s unicorn Jumia lists Friday; shareholder MTN reveals details

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<p>Last year telecommunications company Orange and MTN launched Mowali, pan-African mobile money interoperability, to scale up mobile financial services across Africa. Elisabeth Medou Badang, spokesperson for Orange Middle-East and Africa joins CNBC Africa to speak on challenges and opportunities of digital transformation.</p>


Why Orange is embracing new technologies

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<p>MTN reported substantial increases in in its financial year results which for the year ended 31 December. The telecommunications giant faced a tough year but were able to keep shareholders happy. MTN reported an 85.2 per cent increase in group headline earnings per share to 565 cents. The board declared a 325 cents per share dividend. CNBC Africa’s Fifi Peters spoke with Rob Shutter, the CEO of MTN.</p>


MTN delivers strong earnings despite headwinds

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<p>MTN Group CEO Rob Shuter says the big focus for MTN’s Nigeria unit is the listing on the Nigerian Stock Exchange. He added that plans are well advanced and the listing should take place by the first half of the year. He discussed this and more with CNBC Africa’s Fifi Peters.</p>


MTN

How this power woman hopes to effect change for SA economy

CEOs of MTN’s Zambia and Cote d’Ivoire units are stepping down

MTN CEO Rob Shuter says more needs to be done to tackle xenophobia

MTN Nigeria shares hit 3-month high after the telecoms company partially reopens

Moody’s gives greenlight for Kenya’s Acorn Project to build student accommodation

How this company plans to disrupt Africa’s smartphone market

MTN CFO: Here’s why we are excited about fintech, digital opportunities across Africa

Nigerian court adjourns case between MTN and attorney general over $2 bln tax dispute

MTN Nigeria plans to raise debt in future

MTN Nigeria to list on NSE on May 16

Understanding MTN Nigeria’s legal battle with attorney general

Competition watchdog slams Vodacom, MTN for high data costs

What you need to know about MTN converting its Nigerian unit to public company before planned listing

Africa’s unicorn Jumia lists Friday; shareholder MTN reveals details

Why Orange is embracing new technologies

MTN delivers strong earnings despite headwinds

MTN Nigeria set for NSE listing in H1’19

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MTN

How this power woman hopes to effect change for SA economy

CEOs of MTN’s Zambia and Cote d’Ivoire units are stepping down

MTN CEO Rob Shuter says more needs to be done to tackle xenophobia

MTN Nigeria shares hit 3-month high after the telecoms company partially reopens

Moody’s gives greenlight for Kenya’s Acorn Project to build student accommodation

How this company plans to disrupt Africa’s smartphone market

MTN CFO: Here’s why we are excited about fintech, digital opportunities across Africa

Nigerian court adjourns case between MTN and attorney general over $2 bln tax dispute

MTN Nigeria plans to raise debt in future

MTN Nigeria to list on NSE on May 16

Understanding MTN Nigeria’s legal battle with attorney general

Competition watchdog slams Vodacom, MTN for high data costs

What you need to know about MTN converting its Nigerian unit to public company before planned listing

Africa’s unicorn Jumia lists Friday; shareholder MTN reveals details

Why Orange is embracing new technologies

MTN delivers strong earnings despite headwinds

MTN Nigeria set for NSE listing in H1’19

News Tips

Advertise With Us

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