MTN makes executive changes as South Africa CEO Godfrey Motsa departs

SOUTH AFRICA – MTN Group has announced the resignation of Godfrey Motsa, its South African Chief Executive Officer, who leaves the unit at the end of December 2021. He will be replaced by the current group chief technology information officer (CTIO), Charles Molapisi. MTN Group says the broad changes will help the telco accelerate its Ambition 2025 strategy. “MTN remains…

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MTN appoints Hermann Tischendorf as its new Chief Digital and Fintech Officer

SOUTH AFRICA – MTN Group has announced the appointment of Hermann Tischendorf as its Chief Technology & Information Officer for Digital and Fintech.   “We are delighted to have a seasoned executive of Hermann’s caliber joining our growing DigiFin team. He brings the skills and experience that will accelerate innovative digital and fintech advancements in line with our strategic intent of…

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MTN Uganda falls short of target, raising only US$150.5m in IPO

UGANDA – The MTN Group has said that the initial public offering (IPO0 of its Ugandan unit raised US$150.5 million, less than two-thirds of its target. Investors bought only 64 percent of the shares in the deeply discounted initial public offering (IPO) by MTN Uganda, a statement from the company showed. The telecom sought to raise US$245 million from the…

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MTN exits Yemen as it shifts focus on the African market

SOUTH AFRICA – MTN Group has announced the Group’s exit from our operation in Yemen in a transaction that furthers the delivery of our Ambition 2025 strategy and is in line with our intention – first announced in August 2020 – to exit the Middle East. Effective 17 November 2021, MTN Group transferred our majority shareholding in MTN Yemen to…

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MTN Group to sell shares of its Nigerian unit, expands its data and digital revenue

NIGERIA – MTN Group Ltd. plans to sell shares in the carrier’s Nigeria unit worth about 101 billion naira (US$244 million), continuing a plan to dispose of assets and pay down debt. Africa’s largest mobile-phone operator will offer 575 million shares in MTN Nigeria Communications Plc, which listed in Lagos in 2019, according to a statement on Thursday. The move…

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MTN Group appoints Adekunle Awobodu as new Chief Financial Officer for Digital and FinTech

AFRICA – MTN Group, a telecommunication company, has announced the appointment of Adekunle Awobodu as our new Chief Financial Officer for Digital and FinTech. Kunle is a seasoned business and finance professional who has spent most of his career at MTN, including serving as CFO for MTN Nigeria and for the MTN Irancell joint venture. “We are thrilled that Kunle…

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MTN announces new appointment to drive expansion of digital services

SOUTH AFRICA – Mobile operator MTN Group has announced the appointment of Burak Akinci as Chief Executive Officer of Simfy (ayoba), reporting to the MTN Group Chief Digital and Fintech Officer Serigne Dioum and responsible for the super app ayoba.   Effective 1 September 2021, Burak joins Africa’s leading mobile operator from Turkcell, where he was Chief Executive Officer of BiP,…

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MTN Group set to deploy 5G internet connectivity in Ghana in partnership with Vodafone

GHANA – MTN Group in partnership with Vodafone, Google and Facebook are looking to bring 5G internet connectivity in Ghana, Chief Executive Officer (CEO) of MTN Ghana, Selorm Adadevoh, said. The 5G network he noted, will be enabled through the completion of the 2Africa Submarine Cable Project. The 2Africa is one of the largest subsea cable projects in the world…

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MTN Group appoints Eliane Houphouet-Boigny as the CEO of MTN Guinea-Bissau

GUINEA-BISSAU – MTN Group, the South African multinational mobile telecommunications company, has announced the appointment of Eliane Houphouet-Boigny as the CEO of MTN Guinea-Bissau, effective 1 July 2021. “I would like to welcome Eliane to the MTN family and look forward to her taking MTN Guinea-Bissau to new heights, as we work to lead digital solutions for Africa’s progress,” said…

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