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MTN Group CEO — Africa’s Fintech Market Has Room for Banks and Telcos to Play and Collaborate For nearly two decades, the entry of telcos into Africa’s financial services space has sparked everything from fierce turf wars to uneasy partnerships, with collaboration, suspicion, and rivalry varying sharply across markets. Speaking on the sidelines of the just-ended B20 Summit in Johannesburg, the MTN Group President & CEO, Ralph Mupita, spoke to CEO East Africa Magazine’s Paul Murungi, who, among other questions, asked him whether banks and telcos can truly coexist—or even collaborate—in Africa’s fast-expanding fintech landscape, including the once-unthinkable possibility of retail banking units merging or integrating with the fintech arms of telecom operators.

How do you rate Uganda’s performance with MTN’s continental portfolio, both in digital adoption but also returns, compared to other African markets?  Yes, as MTN, we are operating in 16 markets, of which Uganda is one of our key markets.  In fact, Uganda was the second market that MTN went into in its international expansion. We started in South Africa, we went into Rwanda and quickly moved to Uganda. So, MTN Uganda has been a big part of the MTN family all this time. Uganda, in many respects, is the model operation. The macroeconomic environment has been pretty stable, the…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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