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FinanceMore Africa NewsFacebook Finally Launches WhatsApp Pay After Nearly a Year in the Works

June 16, 2020by Adrian Hall0

WhatsApp has finally launched its digital payment service on its messaging app.

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FinanceMore Africa NewsThe Gambia Gets US$30M From World Bank’s To Shore Telecom Sector

June 2, 2020by Adrian Hall0

The West Africa nation of The Gambia has received a grant of about thirty million US dollars to help firm-up its flagging telecommunications and energy industry. The award was provided to it by the World Bank.

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FinanceMore Africa NewsNetworksSA plans R350-billion infrastructure fund, including for broadband

May 28, 2020by Adrian Hall0

South Africa plans to announce a US$20.5-billion (about R350-billion) infrastructure programme after talks with the private sector and multilateral lenders, said Paul Mashatile, the treasurer-general of the ANC.

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FinanceMore Africa NewsMTN Nigeria Looks To A US$126 Million Bond Issuance

May 28, 2020by Adrian Hall0

MTN - Africa biggest mobile network by subscriber base - is looking to issue a bond to the tune of one hundred and twenty-six million US dollars in Nigeria - its largest market.

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FinanceMore Africa NewsAirtel Africa Is Inches Close To Becoming A Billion-Dollar Company

May 27, 2020by Adrian Hall0

It was not so long ago when the Africa unit of Bharti Airtel’s telecoms business was almost in shads. But now, thanks to a huge revenue boost, Airtel Africa is close to achieving a billion-dollar status.

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FinanceMore Africa NewsUncategorizedBharti Telecom selling 2.75% stake for $1bn

May 27, 2020by Adrian Hall0

Bharti Telecom, the parent company of Bharti Airtel, has announced a $1 billion stake sale to help alleviate its debt.

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FinanceMore Africa NewsUncategorizedCell C recapitalisation plan finalised

May 21, 2020by Adrian Hall0

The planned recapitalisation of Cell C, believed to involve the Buffet Consortium and other investors, has been finalised, though details are only expected to be made public next month, TechCentral has learnt.

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FinanceMore Africa NewsAirtel Africa’s Net Profit Dropped By 21% During Last Quarter – Reports

May 19, 2020by Adrian Hall0

Airtel Africa yesterday reported a 21% decline in its total net profit at $65 million for the quarter that ended on March 31. This was a significant drop in comparison to the $82 million net profit made in the corresponding period, last year, mainly due to higher finance costs.

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FinanceMore Africa NewsWorld’s largest satellite operator files for bankruptcy protection

May 15, 2020by Adrian Hall0

Intelsat filed for Chapter 11 bankruptcy and said it had obtained US$1-billion in new financing that will allow it to keep the satellite service in business while it awaits billions of dollars in proceeds from a government spectrum auction.

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FinanceMore Africa NewsAirtel Africa PLC – Year Ended 31 March 2020

May 15, 2020by Adrian Hall0

A strong set of results which delivered against our IPO aspirations with performance sequentially improving during the year

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