Africa

MTN’s IPO in Ghana misses target
Africa

MTN’s IPO in Ghana misses target

South Africa’s MTN Group said its local unit in Ghana, MTN Ghana, was only abkle to raise $238.5 million through an initial public offering, IPO. While the IPO missed the target set by Affrica’s largest mobile carrier, it is still the largest of its kind in the West African country […]

Africa

Uganda threatens MTN to make company public

The Local unit of South Africa’s MTN Group Limited has been given an ultimatum to either list its shares on the local bourse or risk non-renewal of license. Reuters News quoted Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications Commission (UCC) who said Ugandans should be able to own […]

Is Djibouti’s growth a mirage?
Africa Policy

Is Djibouti’s growth a mirage?

It seems not everyone is moved by the growth story of Djibouti. EXX Africa, a policy advisory firm said the Djibouti growth story is only skin deep. The London-based firm said Djibouti seems to be an attractive investment destination in an otherwise troubled Horn of Africa region. The country’s apparent […]