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.

Digital Inclusion

MTN Nigeria to connect 2,000 rural communities

Article Image
MTN Nigeria plans to connect an additional 2,000 rural communities in the West African nation during 2022. That's according to MTN Nigeria Chairman Ernest Ndukwe, who made the statement during a visit to South Africa as part of a bi-national conference.

Ndukwe said MTN Nigeria was committed to the country's socioeconomic development.

"MTN Nigeria believes that we should not only provide a service to customers, but also deepen connectivity access as well as drive financial inclusion," he said.

Ndukwe also said that MTN had secured 100MHz of 3.5GHz spectrum "to enable Nigeria's move to 5G."

"Nigeria and South Africa are our largest operations, contributing two-thirds of the value of the Group. Supporting the strengthening of economic and business relationships between the two countries is in line with our strategic priority to create shared value," added MTN Group President and CEO Ralph Mupita.

MTN's group results for the year ended December 31, 2021, show that Nigeria brought in 33.1% of overall group revenue and South Africa contributed 26.8%.

Growing business

MTN Nigeria saw massive growth in earnings and profit in 2021, despite the mobile subscriber base dropping 10.6% year-on-year (YoY) due to regulatory restrictions on new SIM sales and activations.

MTN Nigeria's profit-after-tax grew by 45.5% to 298.7 billion naira (US$718.3 million) for the year while service revenue increased by 23.3% YoY to N1.7 trillion ($4 billion).

MTN Group owns 75.6% of MTN Nigeria but is planning to reduce its shareholding to 65% as it moves forward with plans to get more local shareholders on board.

MTN has 68.5 million mobile subscribers in Nigeria and during 2021 MTN invested capex of R14.9 billion ($1 billion) in the country.

The telco also saw massive growth in data revenue, which jumped 55.3% for the year, and fintech revenue, which increased 57%. Overall digital revenue was also up 91.5% YoY.

Related posts:

*Top image source: GSMA State of Mobile Internet Connectivity Report 2020

— Paula Gilbert, Editor, Connecting Africa

Innovation hub


Hot startup of the month: Pan-African fintech KamaPay

This month's hot startup is pan-African fintech KamaPay, which helps individuals and businesses make cross-border payments on the continent.


Afretec awards $3.3M in grants to African research teams

The African Engineering and Technology Network (Afretec) has awarded grants worth $300,000 each to 11 university research teams across Africa to advance digital technologies.

More Innovation hub

Latest video

More videos

Sponsored video

More videos

Industry announcements

More Industry announcements

Flash poll

All polls

Africa Tech Perspectives


Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.


Challenges and opportunities for women's tech careers

A new survey reveals that COVID-19, the cost-of-living crisis, skills shortages and a lack of mentorship have negatively affected women's career development over the past two years.


Survey: Opportunities for Women in Tech

Take our new survey for women across Asia, Europe and Africa looking at the biggest challenges and opportunities for women-led enterprises and trends in tech careers for women.

More AfricaCom perspectives

Upcoming events

London Tech Week
June 13-16, 2023
Queen Elizabeth II Centre, Broad Sanctuary, London SW1P 3EE
Cybertech Africa 2023
August 1-2, 2023
Kigali Convention Center, Kigali, Rwanda
Africa Tech Festival, Home of AfricaCom and AfricaTech
November 13-16, 2023
CTICC, Cape Town
More Upcoming events

Guest Perspectives


Omdia View: February 2023

By Omdia Analysts

In February 2023 key events in the Middle East and Africa included a major Internet project for Africa's underserved by Liquid Intelligent Technologies and Microsoft as well as a 5G launch in Tanzania – that and more in this month's Omdia View.


Omdia View: July 2022

By Omdia Analysts

Kenya and Zambia move towards 5G with new spectrum allocations while Tunisie Telecom plans to shut down its 3G network - that and more in this month's Omdia View.

More Guest Perspectives

Partner perspectives

All Partner Perspectives

Like us on Facebook

Newsletter Sign Up

Sign Up