Author: Loni Prinsloo

MTN Group plans to build a R6-billion terrestrial fibre cable to connect 10 countries in Africa.

MTN Group is in advanced talks with Axian Group to sell some of its West African markets, sources say.

Naspers-owned Prosus has continued its selloff of China’s Tencent, bringing its stake in the Chinese internet giant to under 26%.

South Africa risks becoming a “failed nation state” unless government resolves the energy, corruption and unemployment crises, said Ralph Mupita.

IHS Holding is weighing a bid for Telkom’s tower unit, according to people familiar with the matter.

Naspers is backing rent-to-buy car firm Planet42 in a $100-million debt and equity fundraising.

MTN Group said a R13-billion tax bill it received from the Ghanaian government has been scrapped.

The company will build a utility-scale solar farm capable of generating 100MW of power after raising R11.8-billion in funds to assist with its expansion plans.

Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest companies in global tech to announce layoffs.

The Facebook parent’s biggest content moderator in Africa, Sama, is ending its services to the US tech giant.