Chijioke Ohuocha

Airtel sees little value in acquiring Nigeria’s 9mobile

Airtel had expressed an interest to acquire the Nigerian firm but it declined to submit a financial bid before a Jan. 16 deadline.

Abu Dhabi’s Mubadala withdraws stake in Etisalat Nigeria

Abu Dhabi state investment fund Mubadala has pulled out of Etisalat Nigeria after the telecoms firm failed to renegotiate a $1.2 billion loan taken out four years ago with 13 Nigerian banks, the central bank said on Friday. It gave no details on what it meant by “pulled out” but… Read more »

Landing with a bump? Germany’s Rocket falls back to earth

Falling sales for sites like Jumia and slower growth from Nigeria to Russia and Brazil is casting doubt on Rocket Internet’s ambition to become the world’s biggest Internet company outside the United States and China.