MTN Group Announce New Board Appointments for Fintech & Bayobab
Herman Bosman appointed as independent chairman of MTN Group Fintech Nicky Newton-King and Nosipho Molope join as independent non-executive directors
Waza’s $8 million seed
Waza raised $8 million in equity and debt funding to expand its operations. Tokunboh Ishmael emphasizes the need for diversity in startups.
Fintech Is Giving Africa’s Top Telco A Lifeline Amid Setbacks
MTN Group reported a 20.8% decline in group service revenue, largely due to a drop in revenue from its Nigerian operations. MTN's fintech division saw a 27.2% year-on-year growth, with strong performances in Ghana, Uganda, and Cameroon.
MTN Group service revenue plunges 18.8% in Q1 2024, fintech revenue up 11.4%
MTN Group reported an 18.8% fall in Q1 service revenue compared to Q1 2023, but in constant currency, service revenue increased by 11.1%. MTN Nigeria's service revenue declined by 52.8% in Q1 2024.
Bayobab Expands Digital Infrastructure Footprint with Fiber Asset Acquisition
Bayobab completes structural separation from MTN Group Bayobab acquires fiber-optic assets from MTN Zambia
