Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Investment

Karl Toriola appointed new MTN Nigeria CEO

Article Image
MTN has announced that Karl Toriola will be taking over as CEO of MTN Nigeria and the current Nigeria CEO, Ferdi Moolman, will be returning to South Africa to take up the role of group chief risk officer.

Toriola is the current vice president for MTN Group's West and Central Africa (WECA) region, a role he has had for five years. He will transition to leading the Nigerian operation at the beginning of March 2021.

MTN credits Toriola with overseeing the steady progress of the operating companies in the WECA region, particularly the turnaround of MTN Ivory Coast and MTN Cameroon over the past two years.

"In addition, the WECA markets have made significant commercial and strategic strides, including the improvement of market share and the development of mobile financial services. The latter in particular is an important driver of the group's medium- to long-term growth strategy," MTN said in a statement.

"Karl brings extensive technical and commercial experience, as well as a deep understanding of the Nigeria market to the role," commented MTN Group President and CEO Ralph Mupita. "Karl started his MTN career in his home country at MTN Nigeria 14 years ago and has all the attributes necessary to lead this very important business into the future."

Since joining the group in 2006, Toriola has also held a number of senior operational roles at MTN, including chief technical officer of MTN Nigeria and CEO of MTN Cameroon. He is also a board member on a number of companies within the group, including MTN Nigeria.

MTN said that Toriola's successor as VP for WECA will be announced after the group strategy review is completed by the end of November 2020.

MTN Group owns 78.8% of MTN Nigeria, which is listed on the Nigerian Stock Exchange and contributes around a third of the group's service revenue. At the end of June 2020 MTN had 71.1 million subscribers in Nigeria.

CEO Ferdi Moolman will be leaving MTN Nigeria in March 2021 to take up the role of MTN Group chief risk officer.
CEO Ferdi Moolman will be leaving MTN Nigeria in March 2021 to take up the role of MTN Group chief risk officer.

Moolman joined MTN in 2002 and has held several senior positions within the group in Nigeria and in Iran. He has spent the past five years as the CEO of MTN Nigeria and as its CFO prior to that. During that time, significant progress has been made in stabilizing the business and setting it on a sustainable growth path, MTN said.

"Ferdi has been an exemplary leader of MTN Nigeria and has put the business on a sound growth platform for the future," added Mupita.

"He brings significant strategic, financial and operational experience to the new group risk role, where we want to ensure that our enterprise-wide risk management systems are continuously strengthened and remain resilient as we drive our growth strategy."

He will remain on the board of MTN Nigeria and will in due course be appointed to other material subsidiary boards given his new group responsibility.

*Top image is of Karl Toriola who will take over as CEO of MTN Nigeria in March 2021. (Source:MTN).

— The Staff, Connecting Africa

Innovation hub

Story

Connecting Africa Podcast: Ep. 8 – Edtech for the future of work

This week we are joined by Eyitayo Ogunmola, CEO of Utiva, which is a startup offering technology skills training to prepare young people for the the future of work.

Story

Hot startup of the month: Malawi's Converged Technology Networks

Startup Converged Technology Networks is focused on addressing the unmet demand for residential broadband Internet access in Malawi.

More Innovation hub

Latest video

More videos

Guest Perspectives

Story

Omdia View: October 2021

By Omdia Analysts

Across the Middle East and Africa, regulators are beginning to facilitate spectrum allocation to operators in the region for the deployment of new and innovative technology.

Story

Research Bites: Why Africans stop using mobile apps

By Chinedu Wilfred Okonkwo, Magda Huisman and Estelle Taylor

This article – in collaboration with the African Journal of Science, Technology, Innovation and Development – explores the reasons behind why Africans stop using certain mobile apps.

More Guest Perspectives

Partner perspectives

All Partner Perspectives

AfricaCom perspectives

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

Story

Accelerating women in STEM: In conversation with GirlCode's Tinyiko Simbine

GirlCode co-founder and CFO Tinyiko Simbine talks about why it's important to help girls and young women excel in science, technology, engineering and mathematics (STEM) fields.

Story

How Poa Internet is unlocking meaningful connectivity in East Africa

Poa Internet's CEO Andy Halsall shares his views on what it takes to develop last-mile connectivity and get Africans online in a meaningful way.

More AfricaCom perspectives

Flash poll

All polls

Archived webinars

Meeting SME’s where they are - Building inclusive ecosystems for Africa’s small business owners

Micro and small businesses have been, and still are, the spine and lifeblood of the African economy, making up 90% of businesses on the continent.

Many of these businesses have still been operating in traditional ways and serving non-digital customers. With Covid-19 expediting the digital transformation process, businesses - big and small - have been forced to adapt to operate successfully in a more digital-first environment.

To ensure that the digitalization of Africa’s market doesn’t leave micro and small businesses behind, digital solutions must be inclusive and create business-ready environments. But how can we ensure that African SMEs become digitally enabled?

In this webinar we will share from our own experience on how to create such an environment, and the actions we took in vcita to get there, including:

  • Closing the digital literacy gap through tech inclusion 
  • Making a positive impact on local communities
  • Building the foundations for digital inclusion and small business growth in a technology-accelerated world
  • Building the foundations for digital inclusion and small business growth in a technology-accelerated world

Register Here >>

More Webinars

Sponsored video

More videos

Like us on Facebook

Newsletter Sign Up


Sign Up