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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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A milestone moment for African connectivity MTN Group has cemented its position as Africa’s leading telecommunications company, officially becoming the first African-headquartered telco to surpass 300 million subscribers. The milestone marks the successful achievement of the Group’s Ambition 2025 strategic target to serve 300 million customers across its markets. The announcement was made by MTN Group President and CEO Ralph Mupita during the company’s annual Ambassadors Appreciation Dinner, held on October 16, 2025, in South Africa. The gathering brought together African diplomats, senior government officials, and CEOs from across MTN’s operations, alongside members of the Group Executive Committee, to celebrate…
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The structural separation of MTN MoMo Uganda, a move that will see the country’s largest mobile money business operate as an independent, Bank of Uganda–licensed fintech company is gathering significant…
MTN Uganda, through its corporate social responsibility arm, MTN Foundation,has enhanced the digital learning environment at St. Catherine Girls Secondary School in Kazo District, with the donation of a fully furnished computer lab valued at UGX 65 million. As part of MTN’s Digital Access Program, the support includes 10 computers, a year of free internet access, and backup power systems, further reinforcing the company’s commitment to fostering digital inclusion and empowering young women across the country. Andrew Tusubira, MTN Uganda Regional Commercial Head, emphasized that the initiative aligns with MTN Uganda’s Ambition 2025 Strategy, which is dedicated to advancing digital…
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MTN Group today reported a very strong set of operational and financial results for 2020, demonstrating business resilience under COVID-19 pressures and a challenging macroeconomic environment. Africa’s leading mobile operator also announced its re-positioned strategy – Ambition 2025 – to accelerate growth and reveal the value of its infrastructure assets and platforms. The Group added 29 million subscribers in the year reaching a total of 280 million across 21 markets. It reported a 52% increase in adjusted headline earnings per share, a four-percentage point increase in return on equity to 17% and more than doubled the operating cash flow to…
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