MTN Nigeria Communications CEO Karl Toriola MTN Nigeria’s half-year results can be read two ways, and the company would much prefer the first one. That version is a triumph: ervice revenue up 25.9% to ₦3-trillion (around R35-billion at the naira’s end-June rate); earnings before interest, tax, depreciation and amortisation up 39.2%, with the margin widening…
Nikos Angelopoulos, Nedbank Group CIO. Nedbank has appointed Nikos Angelopoulos as its new group chief information officer (CIO), effective 1 September. Angelopoulos joins the bank from MTN Group, where he has served as group CIO since 2018. In that role, he was responsible for IT strategy, investments, delivery and governance across MTN’s 16 markets, supporting…
MTN and Vodacom have launched separate legal challenges against communications regulator Icasa over new consumer protection rules – including mandatory rollover of unused data bundles – that are due to come into force in January 2027. News24 first reported that MTN served court papers on 22 July asking for the End-User and Subscriber Service Charter…
MTN South Africa CEO Ferdi Moolman MTN South Africa is targeting between R4-billion and R6-billion in savings by 2029 under a sweeping “structural reset” that its new CEO, Ferdi Moolman, insists is a restructuring of the business rather than a simple cost-cutting exercise. Presenting at MTN Group’s capital markets day on Wednesday, Moolman positioned the…
MTN Group CEO Ralph Mupita MTN Group on Wednesday unpacked its Ambition 2030 strategy under the banner “one MTN, three platforms” – with targets to triple its fibre network, grow fintech 13x and double data usage. Ambition 2030, MTN’s new five-year strategy, is built around three platforms – connectivity, fintech and digital infrastructure – with…
MTN Group Fintech has signed a technology partnership with Ant International – part of Ant Group, the Chinese company behind Alipay – to rebuild its MoMo mobile money service into a “super app”, beginning with a launch in Nigeria next quarter. Under the agreement, announced on Tuesday, MTN will use Ant’s technology to add a…
South Africa’s soaring youth unemployment rates of more than 60% and low literacy levels are indicative of structural breakdowns across education, skills, connectivity, labour market, access and governance. Marina Madale, MTN sustainability and shared value executive, speaking at the Trialogue Business in Society conference. Opening the MTN-sponsored panel discussion at the Trialogue Business in Society…
IHS Holding’s board backed MTN Group’s plan to buy out other shareholders and take the telecom tower operator private, setting up a vote on one of Africa’s largest digital infrastructure deals. MTN will offer $8.50 a share in cash through its subsidiaries Mobile Telephone Networks Netherlands B.V. and Sub-Merger Co. If approved, IHS will become…
MTN South Africa CEO Ferdi Moolman Online gambling has emerged as a surprising drag on MTN South Africa’s prepaid business, with the parent group citing the surge in betting activity as a key reason its local mobile arm is struggling to grow. In its 2025 integrated report, published on Wednesday, MTN said muted prepaid growth…
MTN Group contributed a total of R61.1 billion in taxes across the 16 markets in which it operates. In 2025, MTN South Africa’s total tax contribution (TTC) to the national fiscus was R4.8 billion, the MTN Group’s Tax Transparency Report shows. In a statement, the company says this extends beyond the corporate income taxes it…
