TN Group increased its overall fintech revenue in the nine months ended September, buoyed by wins in Ghana, Uganda, Benin, Cameroon, and Rwanda. The five countries are critical fintech markets for MTN Group, which aims to develop the continent’s largest and most valuable fintech platform. Africa’s largest telecom provider reported performance for the period, stating...
MTN Group wants to exit Afghanistan by the end of next month, a move that’s been coming for some time, with Guinea-Bissau, Guinea-Conakry and Liberia likely next in line to go. “The process to exit Afghanistan is in the regulatory approval stages and remains on track to be finalised by year-end,” the telecommunications group said in...
AUS district court refused, in part, MTN Group’s move to dismiss Anti-Terrorism Act (ATA) charges filed against the company. The anti-terrorism complaint against MTN Group, and others, has been playing out in a New York court, over the last few years. MTN has denied allegations of supporting terrorism, based on its operations in Afghanistan, which began in 2006, being...
MTN Group CEO Ralph Mupita earned almost R15-million less last year than he did in 2021, but still walked away with R69.3-million in remuneration – excluding new long-term share awards that will vest later. The JSE-listed telecommunications group revealed in its integrated annual report, published this week, that Mupita’s “earned” remuneration – which includes salaries, pension,...
Pan African mobile operator MTN Group today reported runaway success in full year 2022 results, expanding return on equity and an increase in dividends. MTN Group, which has a footprint in 19 markets, side-stepped a challenging macroeconomic environment of elevated inflation across its markets, to report a strong 2022 financial performance. In the year to...
MTN Group plans to start a dispute resolution process if talks with Ghanaian authorities over a surprise US$773-million (R13.2-billion) back-tax bill it received last week fail. Before starting that process, the company is engaging with authorities to resolve the unexpected bill that came after the Ghanaian tax agency switched to a new methodology to track call...
Turkish telecommunications group Turkcell’s long-running litigation against MTN over a disputed licence in Iran has been dismissed by the high court with costs – a significant victory for the South African-listed group. The litigation, over a dispute that goes all the way back to 2005, saw Turkcell suing MTN for US$4.2-billion in damages. Over the years,...
As part of its Ambition 2025 strategy, MTN Group has announced the appointment of new CEOs for its operations in Cameroon, Rwanda and Uganda. As outlined in a statement released by the operator, MTN Rwanda CEO Mitwa Ng’ambi becomes CEO of MTN Cameroon, replacing Stephen Blewett, who is leaving the Group. According to MTN, Ng’ambi...
MTN Group CEO Ralph Mupita earned total remuneration in the 2021 financial year of R84.2-million, the telecommunications giant’s integrated annual report, published on Monday, shows – and he wasn’t the only one of its top executives to get handsomely rewarded for their work. Mupita’s 2021 financial year remuneration is an increase of 133% over what he...
MTN Group has joined forces with several global organisations, including the Internet Watch Foundation (IWF) Meta, ICMEC (the International Centre for Missing and Exploited Children) and Child Helpline International, to launch the Help Children be Children campaign and the Child Safety Online Africa Portal. According to information supplied to the media, the initiative has the backing...
