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


Africa can leverage GenAI for economic growth – Microsoft

A whitepaper on generative artificial intelligence (GenAI) and the future of work has found that the African continent, with its young population, can leverage AI to drive economic growth.

Registration opens for Africa Tech Festival 2024

Registration has opened for the 2024 edition of Africa Tech Festival, the continent's leading platform for technology innovators, specialists and thought leaders.

More Innovation hub

Latest video

More videos

Partner perspectives

All Partner Perspectives

Sponsored video

More videos

Follow us on X

Industry announcements

More Industry announcements

Upcoming events

Cyber Revolution Summit
August 9, 2024
Gaborone, Botswana
Africa Tech Festival 2024
November 11-14, 2024
Cape Town, South Africa
More Upcoming events

Africa Tech Perspectives


Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.


The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.


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.

More Africa Tech perspectives

Guest Perspectives


How e-mobility could transform Africa's transport sector

By Francis Hook

ICT analyst Francis Hook delves into Africa's e-mobility sector and unpacks the challenges faced locally and the benefits the move to electric vehicles could bring to urban transport systems.


Omdia View: April 2024

By Omdia Analysts

April 2024's telecoms highlights in the Middle East and Africa included a license for Starlink in Ghana, new mobile termination rates in Ethiopia, and 6G trials in Bahrain – that and more in the latest Omdia View.

More Guest Perspectives

Like us on Facebook

Newsletter Sign Up

Sign Up
Tag id test-002