How much MTN Group finally sells stake in Jumia

How much MTN Group finally sells stake in Jumia

MTN Group disclosed it had exited its 18.9 per cent stake in African online retailer, Jumia, making R2.3 billion (equivalent to N53.82 billion) in net proceeds. MTN said in a third-quarter update that it had also exited an 8 per cent shareholding in MTN Zambia, realising R204 million. The share of the telecoms giant closed up 4.11 per cent at R57.79 on the Joannesburg Stock Exchange (JSE) and appreciated by 2.86 per cent to close at N144 per share at the Nigerian Stock Exchange (NSE) on Friday. Jumia, Africa’s first…

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