Smile Telecoms raised $365 million in August to expand its wireless Internet network in Nigeria, Uganda and Tanzania
While the penalty was cut to $3.9 billion earlier this year, MTN proposed to pay $1.5 billion in cash and installments to settle it
Mobile phone company agreed to withdraw the case over the fine from the High Court in Lagos as part of efforts to reach a settlement
The making of 21st century Africa: mobile phones, the bottom billion, and creating people's spaces (Part I)
Ushahidi is not 10 years old; no one would have guessed that it would be the seed that led to the birth of more than 70 innovation hubs in Africa
Lagos-based Visafone was founded in 2007 by Jim Ovia, a Nigerian businessman who also created Zenith Bank
The initial fine of $5.2 billion was more than MTN’s total sales in Nigeria in 2014 and equivalent of about 37% of the group’s total revenue.
Nigeria, Africa's most populous country, is MTN group's largest market where it had over 62.8 million subscribers by the second quarter of 2015.
The license, with an original expiry date of February 2016, has now been extended to August 2021.
The mobile-phone company sees the naira deteriorating further.
Ignore the others, it ‘s only Nigeria and South Africa that make things happen in Africa, says trade chief
Nigeria and South Africa admitted their chemistry was “not right”, and that their differences needed to be resolved.
Unfazed by xenophobia, two of South Africa's richest men raise cash to invest in African infrastructure
The Johannesburg-based Pembani Remgro Infrastructure Fund will target electricity, transport and logistics projects.
Nigeria's fuel shortage so bad mobile phones risk going off, flights diverted, but country hasn't lost its sense of humour
The country's biggest network operator warns running low on diesel, as fuel subsidy wrangle persists
Good week for Africa’s former generals, Boko Haram’s favourite drug, and a Madiba phone app, and Obasanjo seen seeking jobs from Buhari