[REVISION HISTORY]

MTN Group Africa growth and sustainability

Updated 16 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-15 23:32 UTC → 2026-09-23 13:34 UTC · added ~~removed~~

In late July 2026, MTN Group was recognized as South Africa’s most valuable brand, valued at US$5.345 billion. This aligns with its Ambition 2030 strategy to expand digital and financial inclusion across Africa. By August 2026, MTN reported strong first-half financial growth, with service revenue increasing 17.5% to R115 billion and EBITDA rising nearly 25% to R56 billion. While Nigeria, Ghana, Uganda, Côte d'Ivoire, and Cameroon drove performance, South Africa saw modest service revenue growth of 1.5%. Despite a 21.3% rise in adjusted earnings per share to 793 cents, reported headline earnings per share fell by 5.8% due to a R3.9 billion non-cash impairment on its Irancell stake in Iran. Consequently, the Group announced a share buyback programme of up to six billion rand. MTN is pursuing a dual-track expansion into financial services and digital infrastructure. CEO Ralph Mupita announced the company is evaluating the acquisition of banking licences in select markets to allow for direct deposit acceptance and credit extension. In the first half of 2026, MTN’s fintech platforms processed 13 billion transactions valued at $330.5 billion. Regarding infrastructure, MTN is advancing the acquisition of IHS Holdings and investing in AI-enabled data centre capacity. In September 2026, the MTN South Africa Foundation launched the fifth edition of its Women in Digital Business Challenge, an initiative targeting black women-owned ICT and digital businesses through funding, mentorship, and skills training. Since 2022, the program has supported 40 businesses, generating over R14.7 million in revenue. Additionally, in Nigeria, stakeholders highlighted MTN’s role in transforming indigenous businesses through procurement and technology partnerships to strengthen domestic capacity. Furthering its social impact, the MTN Foundation expanded digital and financial literacy efforts.

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