Nigerian senate frees MTN on charges of corruption

Nigeria’s Senate approved on Wednesday a report largely exonerating South African telecoms company MTN Group Ltd’s Nigerian unit, after the business was accused of illegally repatriating $14 billion to its parent. But the Senate report also asked Nigeria’s central bank to sanction Stanbic IBTC Bank “for improper documentations in respect of capital repatriation and loan […]

Continue Reading

Nokia and Vodacom test for 5G future

Nokia and Vodacom have signed an agreement under which the companies will trial Nokia 5G technology to accelerate the launch of the new technology and enable Vodacom to drive digitalization for the benefit of businesses and individuals in South Africa. Nokia has a 5G portfolio that will allow operators to gain an early-to-market advantage in […]

Continue Reading

MTN , Vodacom vie for title holder of biggest digital bank in Africa

Already the continent’s biggest mobile-phone company by subscribers, Johannesburg-based MTN is adding about 500,000 active banking customers a month, Chief Executive Officer Rob Shuter, 50, said on Wednesday. About 20 million people use MTN’s mobile banking now, he said in an interview at Bloomberg’s office in the South African city. MTN, Vodacom and other competitors are […]

Continue Reading