South African telecom giant MTN Group is teaming up with UK-based Synamedia to launch a new streaming platform targeting African audiences
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MTN Nigeria & Airtel Africa Cut Foreign Debt to Ease FX Burden MTN Nigeria and Airtel Africa have aggressively reduced their foreign currency debt, repaying $1.2 billion in 2024. This move aims to ease foreign exchange (FX) risks, restore profitability, and strengthen their financial positions following steep losses caused by the naira’s depreciation in 2023.…
MTN Nigeria’s fintech arm, MoMo PSB, lost 2.5 million active wallets in 2024, marking a 46% decline in usage just two years after its launch.
MTN Nigeria has been crowned as the network with the fastest download and upload speeds in West and Central Africa
The introduction of 5G technology by MTN is a strategic move to strengthen Benin’s role as a technological leader in West Africa. Key benefits of the 5G rollout include:
MTN, Africa’s largest mobile operator, is exploring partnerships with low-Earth-orbit (LEO) satellite providers, including SpaceX’s Starlink, to bridge connectivity gaps in rural and remote areas
The exodus of 9Mobile subscribers to other networks reflects a growing frustration with poor network quality and service inconsistencies. For Amaka, Uche, Tunde, Kemi, and countless others, switching networks has become the only viable solution.
After facing three consecutive quarters of losses, MTN Nigeria Communications Plc has made a comeback, reporting a profit after tax of N4.13 billion in the third quarter of 2024. The telco’s strategic pivot toward managing foreign exchange (FX) exposures and optimizing operational efficiency helped it recover from the challenging environment created by the Central Bank…
MTN Foundation has made a significant investment in renovating and equipping science laboratories in secondary schools across Nigeria, allocating over N2 billion to the initiative. This effort has benefited 102 science laboratories across 32 secondary schools in 15 states as part of the foundation’s long-standing commitment to improving science education in public institutions. Gombe State…
Sifiso Dabengwa, the former MTN Group CEO and Eskom board member, who has passed away following a courageous battle with cancer.
