MTN Group CEO targets smart partnerships for the future

MTN Group CEO Ralph Mupita has stated that the African telecommunications giant will focus on “smart partnerships” to reinforce its position as the leader in telecommunications services across the continent.

Reflecting on MTN Group’s 30-year journey in Africa, Mr. Mupita noted that the company has achieved significant success over the past three decades, operating in 21 markets across Africa and the Middle East. For the next 30 years, MTN aims to build on this success by pursuing strategic partnerships.

MTN Group has played a crucial role in advancing financial technology in Africa, with 63 million users of its mobile money services and a transaction volume of $273 billion in 2023 alone. Despite these achievements, the MTN Group CEO believes there is much more potential to unlock, and strategic partnerships will be key to achieving further growth.

Ralph Mupita stated, “Smart partnerships is going to be the real deal for us going forward and that is what we are readying ourselves to do.”

He also mentioned that enterprise solutions would be the next area of growth in the digital economy, emphasizing the importance of 5G technology. He highlighted that staying connected at all times, regardless of location, will become the norm, and future technologies like 6G and satellite will play a significant role in this shift.

MTN is the largest employer and taxpayer in most of the markets it serves. In Ghana, for example, MTN controls about 80% of the market, making it a major economic force. It is also the country’s top employer and taxpayer.

Watch the MTN Group CEO’s exclusive interview with CNBCAFRICA below: