TOP STORY: MTN Group profit on 44 percent growth path

MTN authorities said they would raise capital expenditure to $100m in 2009 to counter competition from new players MTN Group profit rose as much as 44 percent in the year to December 2008. Africa’s largest cellphone company said on Friday last week that from the earnings, a share gained at least 39 percent, according to Bloomberg Newswire. The company is scheduled to report full earnings on March 12.