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Safaricom, Kenya’s biggest telecommunications operator, posted a drop in its full-year core earnings as the impact of the Covid-19 pandemic cut revenue from financial services and calls, though it predicted a recovery based on second-half numbers. The firm, partly owned by South Africa’s Vodacom and Britain’s Vodafone, said on Thursday its earnings before interest and taxes...

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Telco giant MTN Nigeria (MTNN) Communications Plc says it has completed the issuance of a N110 billion fixed rate bond due in 2028 under a N200 billion bond programme. It will help refinance existing debt as well as back the deployment of critical network infrastructure, and has a coupon of 13 per cent. “The total...

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Revenue for Telkom Networks Malawi (TNM) declined by 6% during a difficult 2020 period characterised by COVID-19 disruptions, although data income offered some degree of comfort after strengthening by 17%. According to a report released by TNM on Saturday, the company experienced the decline despite a 28% surge in mobile money revenues, along with data...

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Visa Inc, the leading global payments technology company, has affirmed its commitment to expanding digital payments in Ethiopia by working closely with the financial ecosystem to bring the benefits of digital commerce and money movement to consumers, merchants, financial institutions and government partners. Marking a one-year anniversary since opening its Addis Ababa office, the company...

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MTN Group remains committed to negotiating a US$65-million (R1-billion) sale of its 75% stake in its Syrian unit, the South African mobile operator said on Sunday, despite the business being placed under judicial guardianship last week. MTN Syria was placed under guardianship by a court in Damascus over alleged MTN violations of the terms of its...

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Maroc Telecom, Morocco’s largest telecoms operator, on Friday reported an adjusted profit of 6 billion dirhams ($674 million) in 2020, down 0.4%. RABAT: Maroc Telecom, Morocco’s largest telecoms operator, on Friday reported an adjusted profit of 6 billion dirhams ($674 million) in 2020, down 0.4%. Revenue rose to 36.7 billion dirhams, up 0.7%, as an improvement...