MTN is Africa’s most valuable telecoms brand; worth $3.3bn

MTN is Africa’s most valuable telecoms brand; worth $3.3bn

MTN has emerged as Africa’s most valuable telecommunications brand in 2018, according to a new research report by brand valuation and strategy consultancy Brand Finance. The MTN brand is worth US$3.3 billion, up 9 per cent from 2017’s report, Brand Finance said. The MTN brand has also moved up two places in the past year, from 47th to 45th worldwide. Vodacom is not included in the list as it falls under Vodafone, which is 10th, down from seventh previously, with a brand value of $18.7 billion. Other African companies included in…

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Union Bank issues statement on $40m IFC deal

Union Bank issues statement on $40m IFC deal

Union Bank of Nigeria has intimated the Nigerian Stock Exchange (NSE) and the investing public on its recent finance deal with the International Finance Corporation (IFC). The IFC, a member of the World Bank Group, had recently announced a $40 million finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria. The US$40 million facility, under IFC’s Global Trade Finance Program (GTFP), will support Union Bank to establish working partnerships with nearly 300 major international banks within the GTFP network,…

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