MTN Group is one step closer to exiting its business interests in the Middle East, announcing that it has received conditional approval from authorities in Kabul to sell its Afghanistan unit. The sale is expected to conclude by the end of 2023. 

MTN, which has developed a reputation for conquering emerging-market countries that few dare to touch, is in the process of exiting businesses in the Middle East region — including Syria, Yemen and Iran — as part of a five-year slim-down plan unveiled in 2019 to reduce risk, sell noncore assets such as towers and masts, and raise about R25bn...

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