Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

4G/5G

MTN Looks Set for Nigeria IPO -- Report

Article Image
MTN is once again considering an IPO of its business in Nigeria, according to a Reuters report.

The company had previously considered such a move in 2017 but abandoned the move. Now, according to the report, a listing on the Nigerian stock exchange is once again under consideration.

Such a move would signal even further change in Nigeria's mobile market, which is awaiting a decision about the successful bidder for 9mobile. It's now expected that the successful bidder will be unveiled in March. (See Teleology in Driving Seat to Buy 9mobile.)

Speculation about a potential IPO comes as the MTN Group, which operates in more than 25 countries across Africa, gears up to report improved financials for 2017. Having reported a loss for the full year 2016, due mainly to a "the Nigerian regulatory fine and losses on MTN's 51% equity interest in the Nigerian tower company," the company recently announced that it expects to report a net profit and positive earnings for 2017. (See Making MTN Great Again.)

The company has also set itself ambitious targets for mobile finance growth in the coming years. (See MTN Targets 3x Growth in Mobile Money Subs by 2021.)

— The staff, Connecting Africa

Innovation hub

Story

Connecting Africa Podcast: S2 Ep. 4 – Agri-fintech, from kibbutz to Kenya

The Connecting Africa Podcast team speak to Israeli-Kenyan startup Avenews' co-founder and CEO, Shalom Ben-Or, about his fintech super-app that has been built specifically for Africa's agriculture industry.

Story

Hot startup of the month: Cloud-native developer Deimos

This month's hot startup is pan-African cloud technology and professional services company Deimos which is on a mission to be the leading cloud-native technology company in Africa.

More Innovation hub

Flash poll

All polls

Partner perspectives

All Partner Perspectives

Africa Tech Perspectives

Story

Women in Tech: Spotlight on inclusivity with Digital Council Africa's Juanita Clark

Digital Council Africa founder and CEO, Juanita Clark, talks to Connecting Africa as part of our Women's Month series about her career and what needs to be done to make the tech industry intentionally inclusive.

Story

Women in Tech: Spotlight on legal tech with Life.file's Sinal Govender

Life.file co-founder, Sinal Govender, talks to Connecting Africa as part of our Women's Month series about her career and how we can encourage more young girls to enter the legal tech field.

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

More AfricaCom perspectives

Latest video

More videos

Industry announcements

More Industry announcements

Guest Perspectives

Story

Omdia View: July 2022

By Omdia Analysts

Kenya and Zambia move towards 5G with new spectrum allocations while Tunisie Telecom plans to shut down its 3G network - that and more in this month's Omdia View.

Story

Omdia View: June 2022

By Omdia Analysts

5G was the major news trend across Africa in June, as Orange became the first operator to launch 5G in Réunion and operators in Senegal accelerated their 5G plans despite spectrum delays.

More Guest Perspectives

Sponsored video

More videos

Like us on Facebook

Newsletter Sign Up


Sign Up