MTN Group reaffirmed its commitment to Ghana, a market it has been invested in for over 25 years. Since beginning operations in the market, the business has been integral to the economy of Ghana, focusing on enabling connectivity, inclusivity and socio-economic transformation through digital technologies.

Read more: MTN Group ‘Ghana's Economy Is in Good Hands’

MTN Nigeria Communications Plc has announced audited financial results for the fiscal year ended December 31, 2022. Mobile subscribers increased by 10.5% to 75.6 million, adding 7.2 million subscribers. Active data subscribers increased by 15.3% to 39.5 million. Active fintech subscribers rose by 57.5% to 14.9 million, with 2.0 million active mobile money (MoMo) wallets since the launch of PSB. Also, service revenue was up by 21.5% to N2.0 trillion.

Read more: MTN Nigeria Releases Strong Results for Financial Year 2022

Orange is considering stake sales for its African and Middle Eastern tower business. The French telecommunications company, which operates in 18 countries across the region, could also carve out the assets into units based on geography. Also, Orange is studying a range of options, including selling the towers by country, offloading the portfolio as a whole, sharing towers with other operators or holding an initial public offering, they said.

Read more: Orange Plans to Sell Its Africa Towers Portfolio

As per the quarterly announcement of the trading update of Vodacom Group Limited, the Group revenue increased 14.8% (4.7%) to R30.7 billion, positively impacted by the acquisition of Vodafone Egypt and rand depreciation against our basket of international currencies. In addition, Group service revenue was up 16.1%, with normalized growth of 3.5%, supported by growth in data revenue and financial services.

Read more: Vodacom Group Limited Quarterly Trading Update

Orange and the German Development Cooperation inaugurated the 14th “Orange Digital Center (ODC)” in Sierra Leone, a digital ecosystem entirely dedicated to the development of digital skills and innovation. The inauguration was attended by government and regulatory authorities in Sierra Leone, the German Ambassador, members of the board of Orange Sierra Leone and Orange Foundation, representatives of Sonatel and Orange Middle East and Africa, and the executive committee members of Orange Sierra Leone, as well as the GIZ Country Director for Sierra Leone, Guinea and Liberia.

Read more: Sierra Leone Opens 14th Orange Digital Center in Africa and the Middle East

MTN Group President and CEO Ralph Mupita has called for the modernization and harmonization of regulatory frameworks across Africa as well as the collective effort of all stakeholders to ensure that the continent can deliver universal broadband coverage by 2030. “The regulatory frameworks for Africa’s telecommunications industry do not reflect our current advancement. They are still positioned for the era of voice,” said Mupita at the Africa Prosperity Dialogue held at Peduase in the Eastern Region of Ghana.

Read more: Regulatory Frameworks in Africa: A Priority for MTN

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