In our series of letters from African journalists, Joseph Warungu reflects on the plight of supporters of Kenyan opposition leader Raila Odinga following his reconciliation last month with his bitter rival, President Uhuru Kenyatta. One of the games I enjoyed a lot in my childhood was called “kauka” in Kiswahili, which roughly translates as “freeze”. … Read more
Staff at a Bangladeshi company set up by microfinance pioneer Mohammad Yunus are suing the Nobel laureate over millions of dollars in allegedly unpaid dues, their lawyer said Wednesday. They say Grameen Telecom (GT), which holds a roughly one-third stake in Bangladesh’s largest mobile-phone operator, had a legal obligation to share profits with its employees. … Read more
South African mobile phone operator, MTN Group, expects to report a full-year loss due to a $1 billion regulatory fine in Nigeria and underperformance there and at home, it said on Wednesday, sending its shares to a two-month low. MTN agreed in June to pay Nigeria a 330 billion naira ($1.05 billion at the time) … Read more
Telecoms giant MTN on Wednesday denied an allegation that it had illegally repatriated $13.92 billion from Nigeria, saying the claim was without merit. Lawmakers in the upper house of Nigeria’s parliament agreed on Tuesday to investigate the allegation that MTN, Africa’s biggest telecoms company, illegally transferred the money out of the West African country. “The … Read more