The Big Story

CEO Ali Monzer Drives MTN Rwanda from Loss to Profit in Nine Months Former MTN Uganda CTO—and ex–MTN South Sudan CEO—Ali Monzer steers MTN Rwanda back to profit as MoMo and data growth power a 2025 turnaround.

Ali Monzer- MTN Rwanda CEO

After a turbulent 2024 that saw MTN Rwanda plunge into a full-year loss, the company has staged a powerful turnaround under its new Chief Executive Officer, Ali Monzer. The former MTN Uganda Chief Technology & Information Officer, who took charge earlier this year, has not only stabilised the business but returned it to profitability, driven by a disciplined focus on fintech growth, operational efficiency, and digital inclusion. A veteran of the MTN Group, he had spent years building and optimizing networks across Africa and the Middle East. Before Rwanda, he served as Chief Technology Officer at MTN Uganda, where he…

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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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