Ali Monzer, CEO of MTN Rwanda, detailed the company's ambitious 2025 targets at its fifth Annual General Meeting yesterday.
Among the telco's priorities this year are driving commercial growth by expanding the subscriber base and meeting rising demand for data and digital services; accelerating the platform business by positioning fintech and enterprise as engines for sustainable growth and diversification.
Additionally, the company wants to modernise infrastructure through continued investment in coverage, quality, and digitisation; and improve operational efficiency by optimising costs and adopting smarter, more cost-effective technologies.
Yesterday, MTN Rwanda shareholders were presented with the company’s 2024 Integrated Annual Report and a clear roadmap for renewed growth, innovation, and value creation in 2025.
The session was opened by Chairperson Faustin Mbundu, who shared highlights of the 2024 report and presented the meeting resolutions.
He said: “2024 tested our resilience, but it also reaffirmed our commitment to inclusive, digital-led growth. Through strong governance and a clear strategy, MTN Rwanda delivered tangible results across connectivity, fintech, and sustainability. We enter 2025 with cautious optimism and a firm belief in our ability to unlock long-term value for Rwanda and our shareholders.”
CFO Dunstan Ayodele Stober added, “Despite a challenging 2024, MTN Rwanda remains strong and future-focused.”
Key highlights for MTN Rwanda during the 2024 financial results included: service revenue growth of 4.6%, with MoMo revenue up 30%, investments that modernised our network and supported 5G readiness, as well as positive fourth quarter performance, which it says signalled recovery momentum.
The telco said: “With clear priorities and a shared commitment to innovation, MTN Rwanda is ready to restore profitability and continue building the country’s most trusted digital platform.”
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