MTN’s $280m share offer to NGX investors

mtn-nigeria-plans-share-offer-to-raise-capital-on-NGX

Telecoms firm MTN Group, based in South Africa has announced it will proceed with a public offer of up to 575 million shares in MTN Nigeria. MTN has been selling off assets and restructuring as it steps up the pace in the race to dominate Africa’s telecommunications sector.

Mobile phone towers valued at $7bn in New York

IHS Towers IPO share offer New York SE telecoms

IHS Holding Ltd (ticker IHS:US), holding company of the biggest independent operator of mobile phone towers in Africa, scored a $7 billion valuation in its initial public offering (IPO) on the New York Stock Exchange on 14 October. According to a story on website PYMNTS.com, Africa scores “eight unicorns and counting”, referring to technology companies […]

IPO report 2 – African companies raised $2.2bn in 2018

Africa-focused companies raised $2.17 billion via 18 share offers (IPO) and listings in 2018, but the number is down 25% from $2.89bn raised in 2017 with 26 share offers and listings. According to asset manager Enko Capital, the slowdown was driven by “unfavourable market conditions”. The Egyptian Exchange had 4 IPOs in 2018, and Ghana, […]