South African streaming services threaten Multichoice premium base
Aggressive investment in local content, pricing, and new entrants in over-the-top (OTT) services – like Netflix – are driving a dramatic shift among premium customers, posing a threat to pay-TV providers like Multichoice, according to analysts. Multichoice Group CEO Calvo Mawela recently told analysts that “after almost 40 years since we first launched pay-TV in
Lagos is the number one city for online shoppers in Sub-Saharan Africa
The report, which ranks cities based on the highest volume of electronic commerce (eCommerce) orders, ranked Cairo (Egypt) in the second position, followed by Nairobi (Kenya) in the third position. Below are the top 10 African cities by order volume. Lagos – Nigeria Cairo – Egypt Nairobi – Kenya Casablanca – Morocco Abidjan – Cote
MTN’s Earnings Jump, Gets Offer for Afghanistan Business – USNews.com
JOHANNESBURG (Reuters) -South African mobile operator MTN Group said on … 4.1% in MTN South Africa, 19.9% in MTN Nigeria and 29.3% in MTN Ghana …
Network International Reports Strong H1 2022 Results with Revenue Up 31% and Profit Increasing 113% Reflecting Strong Trading and Strategic Delivery
The company, which operates across Africa and the Middle East, has seen financial outcomes that reflect solid trading and strategic delivery, driving strong cashflow generation; Figures include new financial institution wins and merchant signups; accelerated transaction growth; cross-selling and launching of new value-added services; and new products and capabilities gaining momentum; Customer wins in the
MTN secures Afghan unit sale for $35m – Developing Telecoms
Data revenue saw strong growth of 35.9% due to increased due to units in Nigeria, Ghana, Cameroon and South Africa.
MTN Group posts double-digit first-half growth
JSE-listed telecommunications giant MTN has delivered double-digit growth during the first six months of 2022. In the six months ended June 30, the group’s earnings before taxes, depreciation and amortisation (Ebitda) before one-off items expanded 13.7%, while the Ebitda margin increased 0.5 percentage points to 45.3%. In constant-currency terms, Ebitda increased by 15.1% to R43.9-billion
Dangote Cement Grows Revenue By 17% To N808bn In Q2
Chief executive officer of Dangote Cement Plc, Michel Puchercos, has revealed that the company is ramping up production in its Okpella plant, Nigeria and progressing well to deploy grinding plants in Ghana and Cote d’Ivoire. This is in a bid to ensure that Cement becomes available in all African countries, Ghana and Côte d’Ivoire is
MTN Group lifts revenue, EBITDA in H1 on cost efficiencies, growth in data revenue
… its expense efficiency programme and 35.9 percent growth in data revenue driven by MTN Nigeria, MTN Ghana, MTN Cameroon and MTN South Africa.
Ahead of World Jollof Day, here are where to find Liberian, Nigerian and Ghanaian versions in Phoenix
Jollof rice recipes can be traced back to 19th century Senegal. The red rice is said to have been created when Penda Mbaye, a Senegalese cook who worked in the home of a French colonial governor, ran out of barley. ollof rice is the heart of Africa,” said Patience Ogunbanjo, a Nigerian chef at Lasgidi Cafe in
MTN’s earnings jump, gets offer for Afghanistan business
JOHANNESBURG, Aug 11 (Reuters) – South African mobile operator MTN Group (MTNJ.J) said on Thursday its first-half earnings surged 46.5% and it had received a $35 million binding offer for its Afghanistan business, nearing an exit of the Middle East. Without disclosing the buyer, Group Chief Executive Officer Ralph Mupita told journalists on a news