MTN courts strategic investors as fintech earnings grow
Experience in the financial services sector wanted, not just capital, says CEO Ralph Mupita
21 March 2023 - 19:06
MTN’s financial services unit appears to be on track to double in size over the next two years and to contribute a fifth to the overall pie, according to Old Mutual.
Africa’s largest mobile operator confirmed last week that it had received a number of bids for investment in the unit, with negotiations continuing. The group has been working on a plan to unlock value from its various businesses, including a separation of the financial technology (fintech) unit, its fastest-growing new area of business. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.