Telecom
$1b Fine: MTN Set for Lagos IPO

In a bid to settle $1 billion fine imposed on it by Nigerian regulators in 2015, MTN Group Ltd, has started laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months.
Rob Shuter, Group President and CEO MTN said. “We have a lot of advisers running around getting everything ready,” he said in an interview with Bloomberg TV on Wednesday.
“It’s a complicated process and there’s a lot of regulation that needs to be arranged.
“We are moving forward well with the project and anticipate concluding that in the next six months or so.”
MTN agreed to the Lagos IPO as part of the settlement of a $1 billion fine imposed by Nigerian regulators on MTN in 2015.
Africa’s biggest wireless operator by sales incurred the penalty after missing a deadline to disconnect unregistered subscribers amid a security crackdown in the West African country.
Since then, the CEO said he’s been “pleased” with MTN’s operation in Nigeria, the biggest of the Johannesburg-based company’s 22 markets across Africa and the Middle East.
Shuter, 50, joined MTN in March after holding executive roles at Vodafone Group Plc in Europe.
He is the permanent replacement for Sifiso Dabengwa, who resigned after the Nigerian fine was imposed.
Chairman Phuthuma Nhleko had run the company in the interim period.
MTN’s two other main countries are Iran and South Africa.
In the former, Shuter said the company isn’t “holding back” on expansion plans even as U.S. President Donald Trump objects to the terms of a nuclear deal that led to the lifting of economic sanctions last year.
MTN has about 49.5 million customers in Iran, just under Nigeria’s 50.3 million and has repatriated almost $1 billion from the country in the last 12 months.
“We are putting a lot of investment into the ground in Irancell,” Shuter said. “There is a huge demand for mobile data there, its one of our fastest growing data markets. It is business as usual.”
MTN has no immediate plans to expand into new countries, and is instead focused on improving operations in existing markets, which include conflict areas such as Afghanistan and South Sudan, according to the CEO.
The company needs to “build what we need to and get our networks into shape,” Shuter said. “In months to come I think there will be an opportunity to participate in the consolidation of the market.”
MTN shares rose 0.2 percent to 122.96 rand as of 10:53 a.m. in Johannesburg, valuing the company at 231 billion rand ($16.3 billion).
Telecom
Google Rolls Out Search Live AI to 200+ Countries, Including Nigeria

Google has launched its Search Live feature globally to over 200 countries, including Nigeria, where AI Mode is available, enabling voice-and-camera conversations in users’ preferred languages.

Powered by the new multilingual Gemini 3.1 Flash Live model, it delivers natural, real-time interactions via the Google app on Android or iOS—tap the Live icon under the Search bar.
Ideal for hands-free help, users can speak queries for audio replies, follow-ups, or web links. Camera integration adds visual context, like troubleshooting a shelving unit, or pairs with Google Lens for real-world chats.
From the app or Lens, Nigerians can now explore, learn, or solve tasks instantly, boosting everyday productivity worldwide.
Telecom
IFC Invests $45m to Green African Telecom Sites

Clean and reliable power for telecom networks in Ethiopia, Liberia, and Sierra Leone will be expanded following a $45 million investment by the International Finance Corporation (IFC) in IPT PowerTech.

The investment targets countries where limited power supply continues to slow digital connectivity and broader economic participation, the institution stated earlier this week.
To enable this expansion, the IFC is providing a $45 million corporate financing package consisting of an A-loan of $27 million and $18 million in blended finance.
The blended portion is sourced from the Canada-IFC Blended Climate Finance Programme and the IDA20 Private Sector Window Blended Finance Facility.
The initiative marks the IFC’s first direct infrastructure engagement in Liberia in a decade and in Sierra Leone in six years.
It will help scale solar- and battery-based power systems that reduce reliance on diesel and support greener, more resilient telecom networks.
By improving the quality and stability of power to telecom towers, the initiative will strengthen mobile coverage and ensure that households, schools, health centres, and small businesses can depend on consistent digital services, said the IFC.
The funding supports the modernisation, operation, and maintenance of 2 235 telecom sites across the three nations. More than 90% of these are located in off-grid or weak-grid locations.
With new solar and battery systems powering these sites, mobile networks will experience fewer outages and improved service quality.
Optimising the energy mix is estimated to reduce power costs for operators by up to 30% in Liberia, 26% in Sierra Leone, and 52% in Ethiopia.
This transition is also expected to cut emissions by more than 10 624 tonnes of carbon dioxide annually. Furthermore, the partnership will promote gender inclusion by expanding opportunities for women in technical, operational, and leadership roles within the sector, says the IFC.
This agreement reflects a shared vision for a greener telecom industry and empowers the company to scale its innovative energy platforms, according to Nabil Haddad, CEO of IPT PowerTech Group.
Reliable and affordable power for telecom networks is a cornerstone of Africa’s digital transformation, said Nathalie Kouassi-Akon, IFC regional director for West Africa and the Gulf of Guinea.
Through this partnership, the institution is supporting a scalable, private sector-led solution that enables mobile operators to reach underserved and fragile communities more sustainably, added Kouassi-Akon.
The project advances the World Bank Group and African Development Bank’s Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030.
Telecom
Expedier Launches Platform to Ease Cross-Border Payments for African Firms

Expedier has unveiled “Expedier for Business,” an online pro-banking platform to simplify global payments, multi-currency transactions, and financial operations for expanding companies.

Kingsley Madu
The tool centralizes payments, invoicing, payroll, and treasury into one secure dashboard, tackling challenges like fragmented systems and poor visibility that hinder international scaling.
Kingsley Madu, Co-Founder and CEO of Expedier, said: “African businesses are increasingly global… Expedier for Business was built to simplify how companies manage money across borders while maintaining visibility, control, and compliance.”
Key features include customizable dashboards for payments, invoices, and workflows; support for USD, CAD, GBP, EUR, and more; virtual cards; automated payroll/invoicing; currency swaps; and real-time tracking.
Security measures cover two-factor authentication, KYC/KYB verification, and team access controls.
As cross-border trade and remote work boom in Africa, the platform aids firms dealing with international suppliers, teams, and customers. It is now available for organizations scaling globally.
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