Cyprus News

Resilient Earnings at African Banks Offset Risks, Moody's Says

Resilient Earnings at African Banks Offset Risks, Moody's Says

Banks across Africa are expected to remain stable in 2016 as resilient earnings, adequate capital levels and deposit-based funding counter rising asset-quality risks, according to Moody’s Investors Service.

Mobile Network Towers

MTN Nigeria to transfer up to 9,151 towers to IHS-MTN joint venture

In line with continued efforts to further raise service levels for its customers in Nigeria, MTN has reached an agreement in principle with IHS Holding Limited (“IHS”) for the transfer of its towers business, comprising of up to 9,151 of MTN’s mobile network towers in Nigeria.