MTN Group appoints Tumi Chamayou as Group Executive for its Enterprise Business Unit

SOUTH AFRICAMTN Group, a mobile operator, has appointed Tumi Chamayou as Group Executive in the Enterprise Business Unit (GEBU) effective immediately.

MTN Group says Chamayou, who has been with the Enterprise Business Unit (EBU) since 2018, when she joined as general manager for large enterprise sales, will help execute the telco’s strategy across its footprint.

Her appointment is the latest by the Pan-African mobile operator, which is beefing up its team to drive its Ambition 2025 strategy.

Since December, MTN has appointed Hermann Tischendorf as chief technology and information officer for digital and fintech, followed by the assignment of Michele Gamberini as chief technology and information officer, and Megan Nicholas as MD of MTN Supersonic.

MTN says Chamayou will be part of the team of key executives to drive its strategy, as she “added immense value, overseeing client segment teams as well as the overall strategy and operational alignment with EBU teams” in MTN’s operating companies.

“Tumi has the expertise and track record to assist in bolstering the leadership capability of MTN Group,” comments Jens Schulte-Bockum, group chief operating executive.

“Critical to the realisation of our strategic imperatives is an integrated, synergistic and collaborative leadership team, whose core values and mindset are aligned with the company’s strategy. We look forward to working with Tumi in her new role.”

Chamayou holds an MBA from the University of the Witwatersrand and a Bachelor of Science degree in Computer Science from the University of the Western Cape, and has extensive experience in technology, telecommunications and management consulting.

Prior to joining MTN, she held various senior leadership roles at Ericsson, Egon Zehnder, Accenture and Decipher.

MTN’s financials

MTN announced the quarter pretax profit rose 21.1% year-on-year, supported by service revenue growth amid demand for data and financial services.

MTN, with 276 million customers in 19 countries across Africa and the Middle East, said service revenue came in ahead of its medium-term target, growing by 15.9% year-on-year to 45.8 billion rand (US$2.86 billion).

That was supported by a 37.3% increase in data revenue, with growth in data usage and active data users of 45.4% and 13.1%, respectively.

Fintech revenue grew 21.2% as active monthly users of mobile money services climbed 25.9% year-on-year and volumes processed by its fintech platform rose 32.5% to 2.9 billion transactions. The value of transactions increased 12.6% to US$59.9 billion.

After its Nigerian fintech subsidiary received final approval for a mobile money licence last month, MTN is planning to commercially launch its mobile money payment service in Africa’s most populous country before the end of the second quarter, group Chief Executive Officer Ralph Mupita said.

Mobile phone operators like MTN have been pushing into financial services on the continent, where a large part of the population does not have good access to traditional banking services.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.