30 results
- 15 Mar 2024
Helios Towers Aims at Cash Flow Inflection Point this Year
Helios Towers, which is listed on the London Stock Exchange, anticipates the financial year (FY) 2024 to be the tipping point for free cash flow, and to continue growing beyond that. Tom Greenwood,…
- 28 Sept 2015
BlackBerry Targets Software Licensing to Increase Revenue
BlackBerry Limited on Monday released its ‘Fiscal 2016 Second Quarter Results’ showing continued progress in key financial metrics including software growth, EBITDA and free cash flow. BlackBerry, a…
- 2 Apr 2016
BlackBerry Reports 106% Software, 113% Services Growth for for Fiscal 2016
BlackBerry Limited, a global leader in mobile communications, today reported financial results for the three months and fiscal year ended February 29, 2016 (all figures in U.S. dollars and U.S. GAAP,…
- 21 Apr 2021
Airtel Secures $500m Loan to Repay €750m Bond
Airtel Africa Plc has secured a new $500 million loan with a group of relationship banks to partially refinance its €750 million bonds maturing on May 20, 2021. The banks are Bank of America, BNP…
- 4 Jun 2013
Exposure to Overseas Markets Dampens MTN's Debt Ratings
Fitch Ratings has downgraded MTN Group's National Long-Term Rating to 'AA-(zaf)' from 'AA(zaf)' but the Outlook is Stable. Fitch has affirmed the National Short-Term Rating at 'F1+(zaf)'. Fitch said…
- 12 Nov 2025
IHS Holding Chairman, Sam Darwish Credits Nigeria for Strong Q3’25 Earnings
New York Stock Exchange listed IHS Towers, the largest independent owner, operator and developer of shared communications infrastructure in Africa and one of the largest in the world by tower count,…
- 26 Feb 2026
Telecom Giant MTN Injects N1.0 Trillion CAPEX into Network Expansion
In a bold move to future-proof Nigeria’s telecommunications infrastructure, MTN Nigeria embarked on a massive N1.0 trillion Capital Expenditure (CAPEX) drive, backed by its record-breaking 2025…
- 10 May 2014
Capital Investment Improves Network Performance, Better RoI-Survey
Increased level of investments in network quality and performance create sustainable competitive advantages and improved financial returns for network operators, a new study commissioned by Ericsson…
- 17 Mar 2026
Nigeria, Ghana Trigger Stunning 45 Percent Surge in MTN Dividends
MTN Group delivered impressive financial and operational achievements for 2025, boosted by strong performances in MTN Nigeria and MTN Ghana, as well as solid earnings from MTN South Africa. The three…
- 31 Aug 2021
Zoom Posts First Billion Dollar Revenue in a Single Quarter
For the first time, Zoom Video Communications posted over $1 billion revenue in a single quarter. The video communications company has announced financial results for the second fiscal quarter ended…
- 7 Jul 2013
Standard & Poor Lowers Nokia's Ratings on NSN Buyout
Standard & Poor's Ratings Services has lowered Nokia's long-term debt rating to 'B+' from 'BB-' and affirmed its 'B' short-term corporate credit rating. The outlook is stable. ¬The rating action…
- 31 Jul 2022
Nigeria Contributes 18.3% to Double-digit Revenue Growth in Airtel Africa Q1 Results
Airtel Nigeria total revenues for mobile services and mobile money combined grew by 18.3 per cent in Airtel Africa PLC released financial statement for its Q1 period ended June 30, 2022. Key…
- 12 Jul 2022
Tizeti Declares First Dividend of 2.00 NGN for the Year Ended December 2021
Tizeti Network Limited, Pioneer solar-based internet service provider in West Africa, is set to pay its shareholders its first dividend after it declared a dividend of N2.00 per share in respect of…
- 27 Feb 2026
MTN Nigeria Posts Record N1.70 Trillion Pre‑Tax Profit, Declares N20 Dividend for 2025
MTN Nigeria Communications Plc has recorded a landmark turnaround in 2025, posting a pre‑tax profit of N1.70 trillion, reversing a loss of N550.3 billion in 2024 as the company emerged from a rough…
- 13 Jun 2021
MultiChoice Hits Record Profit with Huge Increase in DStv Subscribers
MultiChoice Group (MCG), Africa’s leading video entertainment company, has revealed a big increase in trading profit and subscribers on DStv, its pay-TV service in its latest financial results, ended…
- 31 Jul 2026
MTN Nigeria Posts N707.5bn H1 Profit, Declares N26 Interim Dividend
MTN Nigeria Communications Plc has reported a strong financial performance for the first half of 2026, recording a 70.6 per cent increase in profit after tax to N707.5 billion, driven by sustained…
- 31 Jan 2017
CompexAfrica Unveils Free Online Business Valuation Tool to the Business Ecosystem
CompexAfrica, a business exit company that created the first online platform in Nigeria for buying and selling businesses (www.compexafrica.com) last year, has announced the launch of its free online…
- 13 May 2021
Airtel Reports $3.91Bn Revenue for Q1 of 2021
Airtel Africa Plc has reported a 14.2 per cent growth in income to $3.91bn in the first quarter of 2021. The company, in its financial statement released on Wednesday, said it recorded revenue growth…
- 23 Feb 2017
Sage Foundation to Inspire Innovation in Africa with $1m Enterprise Fund
Sage, the market and technology leader for integrated accounting, payroll & HR, and payment systems, has today launched Sage Foundation’s Enterprise Fund. The new $1 million fund is open to…
- 21 Oct 2014
Philips Sales, Operational Revenues Hit EUR 6.036 in 3Q2014
Philips has reported third quarter 2014 sales of EUR 5.5 billion and operational results of EUR 536 million, a comparable sales growth flat, with sales in growth geographies up 2%. The Company said…
- 23 Oct 2020
Data, Mobile Money Revenues Buoy Airtel Africa Half-Year Result
Shareholders of Airtel Africa will receive an interim dividend of $1.5¢ (one and a half cents of the US dollar) per share for the half-year ended September 30, 2020, the board of the telco has…
- 7 Sept 2016
MTN Tests Nigeria’s IPO with Bond Offer
MTN Group Ltd. plans to gauge investor interest in a possible bond offering as Africa’s biggest mobile-phone company by sales seeks funds to pay for dividends, capital expenditure and a record 330…
- 29 Jul 2016
Tech Revolution: Sage Sets out Vision for African Businesses
Sage, a market leader in cloud accounting software used its global Sage Summit 2016, held this week in Chicago, to outline its strong commitment to future technologies, with a focus on new and…
- 1 Mar 2024
Breaking....MTN Recommits to Nigeria after Plunging Naira Deals Heavy Blow on Profit
MTN Nigeria Plc has reported a N177.8 billion pre-tax loss in its 2023 financial statement. Karl Toriola, chief executive officer, MTN Nigeria The loss compared to a N518.8 billion pre-tax profit it…
- 19 Jul 2016
Sage Volunteers Support School with Career Readiness Day
Volunteers from Sage – the global market leader for integrated accounting, payroll, and payment systems – have partnered with Sesôr Africa, a Nigerian non-profit organisation, to provide career…
- 6 Aug 2020
MTN to Exit Middle East, Intensify Focus on Africa
The MTN Group expects to sustain its growth in the medium term, despite the continued impact of COVID-19 on global markets, as it readies an exit strategy for the Middle East and affirms focus on…
- 23 Dec 2013
UPS Declares 9.4% EPS Growth In 3Q
United Parcel Service (UPS), a global leader in logistics, offers a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced…
- 4 Oct 2019
HP to Sack 9,000 Workers in Restructuring Exercise
HP has announced that it will be letting go approximately 7,000 to 9,000 employees as part of a company restructure that will begin in fiscal year 2020. The company said the restructuring…
- 28 Mar 2017
FXTM: Reflation Trade Took Its First Hit, Is Trumps’ Honeymoon Over?
FXTM Chief Market Strategist Hussein Sayed comments on the impact on equities as Republicans pull healthcare bill: U.S. equities suffered their worst weekly performance since the U.S. election back…
- 31 Oct 2013
Airtel Announces Consolidated Total Revenues up by 10% YoY
Bharti Airtel Limited on Thursday announced its audited consolidated IFRS results for the quarter ended September 30, 2013. The consolidated revenues for Q2‟14 at ₹ 21,324 crore grew by 10% over the…