IHS will now own 70 percent of its South African towers business.
"Ralph Mupita"
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Earnings were hurt by an impairment loss of $29.8 million.
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Ralph Mupita-led MTN Group agrees to sell South Africa towers to Sam Darwish’s IHS for $411.8 million
IHS Towers is a Nigeria-based telecom infrastructure firm founded by U.S. telecom tycoon Sam Darwish.Â
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Mupita became president and CEO in September 2020.
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Ralph Mupita’s annual remuneration dropped significantly to $1.13 million in 2022, compared to the $1.4 million he received in 2021.
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The legal uncertainty cast by Baba Ahmadou Danpullo, who ranks as Cameroon’s richest man, threatens the group’s $200-million investment.
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The public offering was the largest-ever in the history of Uganda.
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Karl Toriola-led MTN Nigeria launches $206-million public offering aimed at local retail investors
MTN Nigeria is one of Africa’s largest telecom services providers, connecting 68 million people across Nigeria.
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MTN and Safaricom are fighting to clinch market share in the Ethiopian telecom sector.Â
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This Week In Review: A Snapshot of African Wealth Dynamics — Gains for the Khamis Family and Dangote, Setbacks for the Ghabbour Family and Michiel Le Roux (Jan. 29 to Feb. 2)
Join us as we delve into the highs and lows of the continent’s top business figures in our latest review of Africa’s …