MTN shares plunge as South African revenue falls

MTN shares plunge as South African revenue falls

Shares of MTN Group Ltd. experienced a steep decline in Johannesburg on Monday, falling by as much as 10%—the largest drop since March 2023. The plunge followed the announcement that the company’s South African revenue had fallen, leading to a management shake-up. Investors were also concerned about a U.S. Department of Justice probe into the…

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MTN shares tumble on news of US probe

MTN shares tumble on news of US probe

News that MTN Group is facing an investigation by a US department of justice grand jury sent its shares tumbling 9% on Monday, overshadowing results showing it made a half-year profit following a loss a year earlier. The probe is into its conduct and that of its former subsidiary in Afghanistan and an Iranian cellphone…

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Africa: In Their Own Words – ‘The Rebirth of My Hope’ – Young Refugee Scholar Shares Stories of Hope and Resilience

Africa: In Their Own Words – ‘The Rebirth of My Hope’ – Young Refugee Scholar Shares Stories of Hope and Resilience

Abdallah Abdelrahman Saleh is one of the 30 Sudanese refugee students who make up the first-ever cohort of Albert Einstein German Academic Refugee Initiative (DAFI) scholars in the Central African Republic, thanks to a transformative partnership between UNHCR and the Mastercard Foundation. This historic initiative is opening new pathways for refugee youth to rebuild their…

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