• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, August 3, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

MTN Group Reports Strong 2021 Results, Accelerates Data And Fintech Services

March 9, 2022
Stephen M.Cby Stephen M.C
in Africa
0
MTN Group Reports Strong 2021 Results, Accelerates Data And Fintech Services

MTN Group has reported a strong financial, operational and sustainability results for 2021 in a tough macro environment as economies struggle to weather the storms of the COVID-19 pandemic.

According to MTN Group, these sterling results were delivered through strong strategic execution and sustained commercial momentum across 19 markets in a year in which Africa’s leading mobile operator started implementing its refreshed ‘Ambition 2025’ strategy.

“We adapted to the extraordinary circumstances brought about by the COVID-19 pandemic and started shaping the MTN of the future through the execution of Ambition 2025” .

MTN Group President and CEO, Ralph Mupita

In constant-currency terms, service revenue grew by 18.3% to R171.8 billion; earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 23.7% to R80.8 billion; and the EBITDA margin expanded by 2.2 percentage points to 44.5%. The Group disclosed that its Board declared a final dividend of 300 cents per share.

RelatedPosts

New Wave Of Violence Displaces Thousands In Mozambique

Former Mali Prime Minister Faces Trial Over Post

Senegal Unveils Bold Plan For Economic Recovery

Ralph Mupita MTN Group CEO norvanreports
MTN Group President and CEO, Ralph Mupita

“The performance was underpinned by pleasing growth in our larger operating companies, operating leverage and the benefits of our expense efficiency programme”.

Ralph Mupita

Mupita said headline earnings per share adjusted for non-operational items increased by 26.6%; return on equity expanded by 2.6 percentage points to 19.6%; and organic operating cash flow accelerated by 35.2% to R38.3 billion in 2021.

Increase in the number of subscribers

According to the tech giant, the results were delivered despite a slowdown in subscriber additions related to industry-wide regulations in Nigeria. At year-end, MTN Group had a total of 272.4 million subscribers in 2021, up 2.9 million from end-2020. Greater adoption of data and fintech services resulted in the addition of 11.1 million new data users and 10.4 million new Mobile Money users to reach totals of 122.0 million and 56.8 million respectively.

aWk OHnUdhMcSGVKQV9rdSHzern4GXny1kd2rQoOemYM94UsIjhkST SWC2j vQedCySB8vMdvllZztD UsL5ouw SFwLLumNzoFPFUm7uYCi1iGQLFLJddkQ70

To cater for the 53.3% expansion in data traffic and 41.1% increase in fintech volumes, “we continued to invest in the capacity and resilience of our networks and platforms, deploying total capex of R32.7 billion in the year”, the Group stated in statement.

“We increased our financial flexibility to capture the opportunities identified by Ambition 2025. We deleveraged the balance sheet, paying US$1.4 billion in dollar debt and improving the holding company leverage to 1.0x from 2.2x. This was boosted by cash of R18.4 billion repatriated from our operating companies and R4.1 billion in proceeds from our Asset realization Programme (ARP) during the 2021 financial year. We anticipate further net proceeds of R8.8 billion from the public offer of MTN Nigeria shares and the sale of passive tower infrastructure, once completed”.

MTN Group

Major highlights of the Asset realization Programme

Among other highlights of the ARP – which aims to reduce debt, simplify our portfolio, reduce risk and improve returns – were the New York Stock Exchange listing of IHS Towers in which MTN Group has a 26% stake; the localizations of a number of its operating companies; and the Group’s exit from operations in Yemen and Syria.

“We progressed work to build the largest and most valuable platforms, reporting strong growth in our fintech business. It now has 57 million monthly active users and generates 10 billion transactions with total transaction value of US$239 billion within the 2021 calendar”.

MTN Group

With a change in its approach to sustainability, MTN Group created more shared value. MTN said it has connected 23 million more people to broadband and achieved rural broadband coverage of 83% against its target of 95% by 2025.

“We reduced the cost to communicate by a 15.3% average reduction in the costs of a GB of data across our markets. Our economic value added to nation states where we operate increased to R115 billion, with cash taxes paid up at R11 billion across our markets. We linked long-term incentives for executives to various ESG indicators, with a focus on reaching net zero emissions by 2040; progressing diversity and inclusion; and extending rural broadband”.

MTN Group

With growth structurally sustaining at higher levels, MTN enhanced its medium-term guidance, raising its targets for Group service revenue growth and returns. The Board also adopted a revised dividend policy to provide guidance on an annual basis in March indicating the minimum ordinary dividend expected in the financial year ahead, aligned to the group capital allocation framework.

With these achievements, Mupita said “we remain focused on providing leading digital solutions for Africa’s progress and creating shared value for our stakeholders. Our enhanced medium-term guidance reflects the growth we see across our markets, as we play our part in driving digital and financial inclusion across Africa”.

READ ALSO: Adopt Gender-Focused Interventions To Enhance Women Participation In Digital Economy – Deputy BoG Governor

Tags: COVID-19DataFintech ServicesMTN GroupRalph MupitaTelecommunications Industry
Please login to join discussion
Previous Post

We Have Over-monetised The Political System- Sam George

Next Post

Waakye Sellers Have the Right to Pay SSNIT, It’s the Only Hope for Workers- Garshong

[mc4wp_form id="1264"]

Related Posts

Pakistan, Iran Ink Deals Across Various Sectors
Asia

Pakistan, Iran Ink Deals Across Various Sectors

August 3, 2025
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
General News

President Mahama Dispels Nigerian Deportation Fears After Viral Video

August 3, 2025
DSTV Pricing under scrutiny
General News

MultiChoice Grilled On DSTV Pricing 

August 3, 2025
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Extractives/Energy

Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 

August 3, 2025
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
General News

Sam George Rejects DStv’s Proposal, Insists on Price Reduction

August 3, 2025
New Wave Of Violence Displaces Thousands In Mozambique
Africa

New Wave Of Violence Displaces Thousands In Mozambique

August 3, 2025
Pakistan, Iran Ink Deals Across Various Sectors
Asia

Pakistan, Iran Ink Deals Across Various Sectors

by Comfort AmpomaaAugust 3, 2025
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
General News

President Mahama Dispels Nigerian Deportation Fears After Viral Video

by Silas Kafui AssemAugust 3, 2025
DSTV Pricing under scrutiny
General News

MultiChoice Grilled On DSTV Pricing 

by Lilian AhedorAugust 3, 2025
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Extractives/Energy

Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 

by Prince AgyapongAugust 3, 2025
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
General News

Sam George Rejects DStv’s Proposal, Insists on Price Reduction

by Evans Junior OwuAugust 3, 2025
New Wave Of Violence Displaces Thousands In Mozambique
Africa

New Wave Of Violence Displaces Thousands In Mozambique

by Lawrence AnkutseAugust 3, 2025
Pakistan, Iran Ink Deals Across Various Sectors
President John Dramani Mahama, With Minister Bianca Odumegwu-Ojukwu, Ghana, Nigeria
DSTV Pricing under scrutiny
Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
Ghana’s Minister for Communications, Digital Technology and Innovations, Hon. Samuel Nartey George
New Wave Of Violence Displaces Thousands In Mozambique
[/vc_row_inner]

Recent News

  • Pakistan, Iran Ink Deals Across Various Sectors
  • President Mahama Dispels Nigerian Deportation Fears After Viral Video
  • MultiChoice Grilled On DSTV Pricing 
  • Newmont Finalises $770M Sale of Akyem Mine to Zijin Mining 
  • Sam George Rejects DStv’s Proposal, Insists on Price Reduction
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.