MTN Group crosses localisation milestone in Ghana

MTN says the tour strengthens bilateral ties between Nigeria and South Africa while also providing significant opportunities for learning and collaboration.

Africa's biggest telco says by paying taxes it is committed to advancing the continent and providing hope, dignity, and opportunities for its people.

MTN Group’s fintech revenue grew year on year, boosted by outstanding performance in Ghana, Cameroon, and South Africa.

Reporting its first quarter results for 2024, the company revealed the progress it has made in improving network coverage and access.

As part of its commitment to supporting national priorities and fostering sustainable societies, MTN is building up 52 basic health clinics in Nigeria.

During its first quarter results, the telco outlined plans to counter Nigeria’s economic turbulence, including engaging with the authorities for the leeway to increase pricing.

The R&D centre will focus on 5G, artificial intelligence, data analytics, cloud computing, and digital financial services.

Despite strong performances from the two countries, the volatility of the Nigerian naira harmed the telco group's overall profitability.

MTN said the naira's rapid devaluation against the US dollar last year had a negative impact on its Nigerian operation's financial performance.

The R&D centre will focus on 5G, artificial intelligence, data analytics, cloud computing, and digital financial services.

MTN Group announced changes to its executive committee and market leadership today, with Blewett appointed to lead its Ghana operations.