MTN Group Ltd

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn, according to people familiar with the matter.

Emerging-market assets may be enjoying a strong start to the year, but one country missing out on the rally is Nigeria.

MTN Group Ltd. boosted sales ahead of targets in the third quarter, showing its ability to grow the business even with a major regulatory spat that’s rocked shares of Africa’s largest wireless carrier.

MTN Group Ltd., the wireless carrier facing a combined $10 billion in claims from Nigerian authorities, said it may no longer seek to raise capital through an initial public offering on the country’s stock exchange.

MTN Group said there is no specific date for its initial public offering yet as it is still perfecting details of the proposed listing.

MTN Group Ltd. has appointed more banks for the sale of shares in its Nigerian unit on the stock exchange in Lagos as it looks to start an initial public offering in June or July, according to people familiar with the matter.

Google is releasing an app in Africa that will help internet users overcome obstacles such as the lack of high-speed connectivity and the cost of data on the continent.

Africa’s biggest mobile-phone firm, MTN Group Ltd, yesterday said its is doing a spring clean of its empire, conducting a review to decide whether it really needs to be in all 22 of its markets across Africa and the Middle East. Some of the markets are tiny, others are war-torn while still more have regulators desperate to curb the telco’s perceived dominance.

The Securities and Exchange Commission (SEC) on Monday said that it was yet to be notified by the MTN Group on plans to raise about 500 million dollars from the Nigeria’s capital market.