MTN, led by Zimbabwean executive Ralph Mupita, hits 300 million subscribers
MTN under Ralph Mupita surpasses 300 million subscribers, marking a major milestone in African telecoms.
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MTN under Ralph Mupita surpasses 300 million subscribers, marking a major milestone in African telecoms.
Rainbow Tourism Group plans $1.6 million upgrades at Harare’s Rainbow Towers, including solar power, restaurants, and wellness facilities.
The move underscores CEO Ralph Mupita’s push for consolidation in a market where Vodacom has already secured approval for a contested fiber deal.
The remarks came a day after reports suggested MTN was reconsidering a takeover bid for Telkom, which owns South Africa’s biggest fiber network.
The Johannesburg-based company has reopened discussions after walking away from a deal two years ago.
MTN Group grows to 298 million users, reports $6 billion revenue, with data, fintech, and Nigeria-Ghana markets leading gains.
MTN CEO Ralph Mupita’s stake rises to $11.2 million in 2025, reflecting strong company growth and his leadership impact across Africa.
MTN Group repurchases $357.8 million worth of shares from MTNZF, closing BEE scheme and strengthening its balance sheet under CEO Ralph Mupita’s leadership.
This impressive turnaround comes from growth across its key markets, particularly in Nigeria and Ghana.
Padenga’s strong performance was largely powered by its gold mining subsidiary, Dallaglio Investments, which contributed 86 percent of the group’s revenue.
While business remained stable in South Africa, Uganda, Ghana, and Cameroon, the situation in Nigeria, Afghanistan, and Sudan weighed heavily on overall performance.
MTN’s sale of its Guinea-Conakry operations underscores the company’s commitment to optimizing its portfolio.
This alliance will focus on developing Open RAN (ORAN) solutions tailored to Africa’s diverse telecommunications needs.
The move is part of MTN’s broader strategy to enhance its existing network with satellite technology.
The telecom giant is championing initiatives that promote intra-African trade and connectivity, seeking to drive economic growth across the continent.