MTN boss Ralph Mupita undertakes first visit to Nigeria since becoming CEO

accreditation
0:00
play article
Subscribers can listen to this article
MTN chief executive Ralph Mupita. (Supplied)
MTN chief executive Ralph Mupita. (Supplied)

MTN group CEO Ralph Mupita is on his first working visit to Nigeria since taking office in September 2020, the company announced on Thursday.

Nigeria is the company's largest market and it where pan-African telecommunications firm has faced several challenges, including difficulty in repatriating cash. The company said in May it had struggled to take out R4.3 billion in dividends from Nigeria due to challenges securing foreign currency in that country.

The operator has also been impacted by the Nigerian government's directive to telecoms operators to register mobile phone users, amid concerns that unregistered SIM cards are being used by criminals and insurgents. The process slashed MTN's subscriber numbers, but the company said it had made good progress with the verification of users.

Mupita is accompanied by the group chief financial officer Tsholo Molefe on this three-day visit. The company said in a statement the leaders together with their Nigerian counterparts would be meeting with "select partners and key stakeholders in the country".

"This visit demonstrates MTN’s continued commitment to supporting the socioeconomic development of Africa’s largest economy,"  said MTN Nigeria chairperson Ernest Ndukwe.

Mupita, who was the company's chief financial officer before replacing his predecessor, Rob Shuter, described Nigeria as one of the company's "most important markets".

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
14.62
-0.5%
Rand - Pound
20.33
-0.1%
Rand - Euro
17.34
-0.2%
Rand - Aus dollar
10.75
+0.2%
Rand - Yen
0.13
-0.2%
Gold
1,821.93
-0.3%
Silver
25.49
-0.1%
Palladium
2,645.50
-0.1%
Platinum
1,045.00
-1.9%
Brent Crude
76.05
+1.8%
Top 40
62,867
-0.8%
All Share
69,006
-0.8%
Resource 10
70,683
-2.0%
Industrial 25
88,051
-0.4%
Financial 15
12,898
+0.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
In light of the recent looting, do you think a basic income grant is the right approach to deal with SA’s hunger and poverty problems?
Please select an option Oops! Something went wrong, please try again later.
Results
It will go a long way in helping fight the symptoms of SA’s entrenched inequality, especially for those who are starving right now
20% - 1470 votes
SA’s problems are complex, and we instead need to spend that money on building and growing our economy, which will help the country in the long run
31% - 2287 votes
All grants are a problem as they foster a reliance on handouts
49% - 3613 votes
Vote