Tag: MTN Ghana
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MTN raises IPO target to $787m
MTN has lifted its target for an upcoming initial public offering(IPO) by more than a half to 3.48 billion cedis ($787 million), according Bloomberg. Africa’s biggest mobile-phone company by subscribers is preparing to list a 35 percent stake in its Ghanaian business on the local stock exchange, valuing the unit at about $2.2 billion. While…
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Genevieve Basigha wins 2017 MTN Heroes of Change
Genevieve Basigha has been named as the winner for the 2017 edition of MTN’s Heroes of Change. The speech and hearing impaired lady, beat off competition from nine other finalists to win the coveted award. Genevieve has established a special school at Obuasi to assist deaf and dumb children with education emerged winner of the…
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Telecom operators kick against tax on mobile money
Telecom operators have strongly opposed any attempt by the government to tax mobile money services in the country. They argue that the move will be shooting down government’s efforts at achieving a cashlite economy. The Head of Mobile Money at MTN Ghana, Eli Hini speaking to Citi Business News on the matter said, “I think…
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SEC still awaiting MTN’s progress with floating of shares
Information available to Citi Business News indicate that MTN Ghana is yet to complete processes that will allow it to cede part of its operations to the public. It comes a month after the telecommunication company commenced moves to cede 35 percent of its stake to the public through the floating of shares. Though SEC…