MTN shares soared on Friday after the announcement that Nigerian authorities had approved its licence for the Mobile Money (MoMo) payments service - which is is likely to be a significant revenue stream for the pan-African mobile operator.

Mozambique ruled out reworking its sole $900 million Eurobond, even as delays in giant liquefied natural gas projects because of an Islamic State-linked insurgency cost it revenue, the Finance Ministry said.

Work is due to begin on Botswana’s second privately-owned coal mine in the first quarter of next year, the CEO of Maatla Resources told Reuters, despite calls to abandon coal.

Zimbabwe stocks have paused for breath after soaring about 370% in 2021, a breakneck rally spurred by investors turning to the bourse as a haven against inflation.

MTN Group plans to sell shares in the carrier’s Nigeria unit worth about 101 billion naira (R3.7 billion), continuing a plan to sell assets and pay down debt.