MTN Group targets 40 million SMEs across Africa

MTN Nigeria profit before tax increased by 8.5%, while profit after tax (excluding non-controlling interest) increased by 3.8%.

Fintech firm Optasia has announced the launch of a microloan service with Ecobank Guinea, via MTN Mobile Money.

Partnerships and a new loan feature have kept the platform on a steady growth trajectory.

Former JSE executive Nicky Newton-King appointed as Director of MTN Companies, effective 1 January 2023.

Despite challenges like NIM/SIM registration, rising inflation, fuel prices and supply chain issues, MTN continues to leverage strong performance of its African subsidiaries.

Operator appoints Andrew Goodrich as Executive for Banktech in Group’s Fintech team, effective 1 June 2022.

Company has also stated intention to interconnect with rival operators for roaming and airtime distribution.

Operator plans to construct new headquarters in the West African country.

Companies approved to run payment service banks pivoted on their respective Momo and Smartcash mobile financial services platforms.

Partners are looking to recruit 10 000 agents this year.

Company says NIN enrolment is an immediate priority as it outlines focus going forward in latest results.