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 unit, its fastest-growing new area of business. ..