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MTN Nigeria: Shareholders must exercise caution

October 30, 2015 8:21 am0 comments
Sifiso Dabengwa, Former  MTN Group CEO

JOHANNESBURG, (CAJ News) – THE MTN Group reported its Chief Executive Officer, Sifiso Dabengwa, was now part of negotiations to resolve its problems in Nigeria, where its unit has been heavily fined. The Nigeria Communications Commission earlier this week slapped MTN Nigeria with a landmark fine equaling US$5,2 billion for the mobile network operator’s […]

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Canadian finance agency expands to Africa

October 29, 2015 9:06 am2 comments
Canadian finance agency expands to Africa

JOHANNESBURG, (CAJ News) – AEXPORT Development Canada (EDC), that country’s official trade finance agency, has opened an office in South Africa as a commitment to facilitating business in sub-Saharan Africa. The facility has been opened in Johannesburg. With Africa’s massive infrastructure demands and a growing loan market, EDC is looking […]

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EXCLUSIVE: Record fine leaves SA’s MTN in a quandary in Nigeria

7:32 am3 comments
EXCLUSIVE: Record fine leaves SA’s MTN in a quandary in Nigeria

from AUGUSTINE OSAYANDE in Lagos and SAVIOUS KWINIKA in Johannesburg LAGOS, (CAJ News) – MTN, the continent’s largest network operator by market share, finds itself in a lurch in its biggest market after the Nigeria Communications Commission fined it heavily for allegedly undermining efforts by the government to tackle security […]

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