08 September 2023

MTN Group’s East African operating companies consolidated gains in the last six months.

In Rwanda, MTN’s mobile subscribers increased by 6.0% year-on-year (YoY) to 7.0 million, active data subscribers rose by 5.1% YoY to 2.3 million, while Mobile Money (MoMo) subscribers grew by 14.4% YoY to 4.4 million. Service revenue increased by 14.7% to Rwf 120.5 billion and earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 4.8% to Rwf 55.0 billion.

In Uganda, MTN’s mobile subscribers increased by 11.2% to 18.1 million, active data subscribers grew by 21.4% to 6.9 million, active fintech subscribers climbed by 11.6% to 10.9 million. Service revenue grew by 15.0% to Ush 1,250 billion and EBITDA jumped by 16.8% to Ush 641.0 billion, profit after tax increased by 17.8% to Ush 228.0 billion and interim dividend was up by 19.0%.