MTN

MTN Backs Africa’s First Metaverse

Africa’s homegrown telco giant MTN is creating a village in Ubuntuland, Africa’s first metaverse. The telco is keeping a promise it made 18 months ago. Ubuntuland takes its name from the Zulu and Xhosa word Ubuntu, which means ‘humanity to others’. It’s an appropriated word to encourage respect and tolerance. It has been a much-needed […]

MTN Commits to $1 Billion Ghana Investment after Government Scraps Tax Claim

MTN Group will invest $1 billion in Ghana over the next five years, the mobile operator said on Wednesday, after the government exempted its Ghanaian unit from tax claims worth about $773 million. The investment comes on the heels of the Ghana Revenue Authority exempting the company’s bill for back taxes earlier this month after […]

Africa Telecoms: Representation on the Global Stage

Nowadays, every corner of the world exhibits competition between its telecom giants, and the Africa Telecoms industry is no different. However, in the Middle East and Africa (MEA) regions, it is not a competition as much as it is exposure and representation of the community on the global stage. Orange Egypt, MTN, and Safaricom are […]

5G and the Metaverse: Powering the New Social Connections

Despite multiple tech giants working on it, the metaverse has yet to arrive in all its virtual glory. In addition, the fifth generation of mobile networks (5G) has yet to be adequately adopted worldwide due to the public being satisfied and content with 4G. But once the metaverse is deployed, 5G adoption will skyrocket as […]

MTN Uganda sets East Africa’s biggest IPO

East Africa’s largest telecom operator, MTN Uganda, announced on Monday its initial public offering (IPO) news of selling a 20 percent stake of 4.5 billion shares, setting the stage for the country’s largest IPO to date for the region’s leading telco. The operator’s IPO valuation was approved by the Capital Markets Authority of Uganda (CMA), […]

MTN backs out of Ethiopia, as it renews operating license in Rwanda

South Africa’s MTN have expressed their unlikeliness to resubmit a bid to enter Ethiopia’s telecoms market, Bloomberg reported citing sources familiar with the matter.   The company’s possible move, came after Ethiopia announced earlier this week plans to re-open bidding on second operator license including the right to operate mobile financial services.  This comes as a surprise to many, as […]