MTN's CEO highlights positive trends amidst geopolitical uncertainties

Edward West

MTN’s management have been encouraged by trends that point to optimism about the pan-African telecoms group’s growth this year, in spite of some remaining near-term macroeconomic and geopolitical uncertainties, CEO Ralph Mupita said on Monday. The group, which serves 291 million subscribers in 16 markets and which Monday reported strong underlying operational performance in 2024 with a healthy balance sheet, has forecast a 370 cents dividend for 2025, up from the final dividend of 345 cents per share. Encouraging indicators included inflation that showed signs of abating in the second half of 2024, reduced forex volatility, particularly of the naira in Nigeria, as well as the tariff adjustments in that country that the group started to implement in February 2024. These prompted MTN Nigeria to reinstate its medium-term guidance. Anchor…

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Star South Africa (Digital) - 1 Issue, 2025-03-18

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