South Africa's MTN ups dividend as profit rises 20pct

South Africa's MTN Group posted a 20 per cent rise in full-year profit on Wednesday and sharply increased its dividend payout. MTN, which operates mobile phone networks across Africa and the Middle East, said its total users grew 22 per cent to 141.6 million. Consultancy Bain & Company said in a study last week that 68 per cent of Africa's population will have mobile phones in 2014, compared with 45 per cent in 2009.