Saturday, September 27, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Business

MTN, a South African telecommunications company, plans a $5 billion market valuation for its mobile money business

Tech Gist Africa by Tech Gist Africa
04/12/2021
in Business, Fintech, Funding, Mobile Money, News, News - South Africa, Telecommunication
0 0
0
MTN

MTN

0
SHARES
Share on FacebookShare on Twitter

MTN, a South African telecommunications company, intends to value its mobile money division at more than $5 billion.

The business is planning to sell or list a minority stake in order to attract more international investors looking to profit from fast-growing FinTech assets.

MTN currently has 280 million global subscribers, with almost 12 million new users joining its mobile money arm in 2020, bringing the number to over 46 million.

The unit should be worth at least $5 billion to $6 billion, according to company CEO Ralph Mupita.

He mentioned that the company will spin it out over the next year.

MTN is a Johannesburg-based company that announced the separation plan last month as part of a strategic change. The move would result in a $3 billion reduction in net debt.

The group hopes to capitalize on growing consumer interest in the mobile money market, which has been built up by African telecoms over the last decade and allows phone subscribers to send and receive money outside of banks while also selling ancillary services such as microinsurance.

MTN’s mobile money market has more than double the 21 million users of rival Airtel Africa, and the company’s financial services interests include an insurance joint venture of over 10 million customers.

MTN expects some regulatory oversight in Africa as a result of the change, as more sophisticated financial services owned entirely by cell phone companies.

MTN competitor Airtel Africa recently closed a $100 million deal that gave Mastercard a 3.75 percent stake in the company, valuing it at $2.65 billion.

The investment from Mastercard, according to Raghunath Mandava, CEO of Airtel Africa, would assist the company’s goal of targeting underserved regions with new financial resources.

The company’s current partnership with Mastercard was also bolstered by the investment, which included “extended commercial agreements” and a revised “commercial framework.”

Read More on Tech Gist Africa:

Mastercard to invest $100 million in Airtel Africa’s mobile money unit

Airtel Mobile Money raises $200 million from Rise Fund 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Rulebase
Funding

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

by Tech Gist Africa
09/26/2025
0

Rulebase, a Y Combinator-backed fintech startup, has raised $2.1 million in pre-seed funding to automate back-office operations in financial services....

Read more
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Mavryk Network UAE

Mavryk Network Secures $10M to Revolutionize UAE Real Estate with Blockchain Tokenization

09/26/2025
Next Post
Apple and Google US senate hearing

Apple and Google will testify at the US Senate hearing on app stores Competition Policy

EnableMe Kenya

EnableMe, an online platform for people with disabilities, has launched in Kenya

Sustainability Green Energy Tech Gist Africa

Sustainability is the New Digital Transformation

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.