MTN says it has reached an agreement to exit Yemen through a transfer of its stake to minority shareholder as part of a plan by  Africa’s biggest mobile operator to pull out of the Middle East region and focus on its business in Africa.

Yemen, blighted by seven years of brutal civil war, is the second country in the region where MTN has pulled the plug after leaving Syria last year as part of a wider strategic shake-up aimed at boosting returns, reducing risk and consolidating its leading position on the continent.  ..

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