South Africa’s MTN said on Friday it had now exited its 18.9% stake in the continent’s online retailer Jumia, making R2.3 billion ($142.31 million) in net proceeds. MTN said in
South Africa’s MTN said on Friday it had now exited its 18.9% stake in the continent’s online retailer Jumia, making R2.3 billion ($142.31 million) in net proceeds.
MTN said in August it had filed with the New York Stock Exchange to prepare for a secondary sale of Jumia shares as part of a R25 billion divestment plan aimed at simplifying its portfolio over the next three to five years.
Follow us on:
Easily access major global news with a strong focus on Africa. As well as the main stories of the day, we like to accentuate positive stories about Africa across all genres including Politics, Business, Commerce, Science, Sports, Arts & Culture, Showbiz and Fashion.
We broadcast 24 hours a day from our studios in London and New York and can be seen here in the UK and across Europe on the Sky platform (Sky channel 516), Freeview (Channel 136) as well as in the USA on the Centric channel and also on the Hot bird platform, which transmits to Europe, North Africa and the Middle East.
© 2023 Arise News - Part of the Arise Media Group.
 in net proceeds. MTN said in</p>
){kind=link}