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MTN courts strategic investors as fintech earnings grow

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Experience in the financial services sector wanted, not just capital, says CEO Ralph Mupita

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. ..

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 /  🏆 12. in ZA
 

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MTN courts strategic investors as fintech earnings growExperience in the financial services sector wanted, not just capital, says CEO Ralph Mupita
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