MTN Rwanda Sets 2025 Agenda with Focus on Fintech, Infrastructure, and ESG
With clear strategic direction and strong leadership, MTN Rwanda says it is committed to restoring profitability while building Rwanda’s most trusted digital platform.
MTN Rwanda has reaffirmed its ambitions to build a more resilient, inclusive, and digitally-driven future following its fifth Annual General Meeting, where the company presented its 2024 Integrated Annual Report and outlined a forward-looking strategy for 2025.
Speaking at the AGM, Chairperson Faustin Mbundu reflected on the past year as one of both pressure and progress.
“2024 tested our resilience, but it also reaffirmed our commitment to inclusive, digital-led growth. Through strong governance and a clear strategy, MTN Rwanda delivered tangible results across connectivity, fintech, and sustainability. We enter 2025 with cautious optimism and a firm belief in our ability to unlock long-term value for Rwanda and our shareholders.”
-Faustin Mbundu, Independent Non-Executive Director Chairperson of the Board of Directors, MTN Rwanda.
The meeting served not only to review performance but to signal intent. CEO Monzer A. laid out a refreshed strategy for 2025:
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Commercial Growth: Expanding the subscriber base and catering to the increasing demand for data and digital services.
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Platform Acceleration: Scaling fintech and enterprise offerings as pillars for diversification and long-term growth.
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Infrastructure Modernisation: Continued investment in network coverage, service quality, and digitisation to improve customer experience.
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Operational Efficiency: Cost optimisation through smarter technologies and leaner operations.
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ESG Impact: Strengthening environmental, social, and governance initiatives to deliver inclusive, lasting value.
Chief Financial Officer Dunstan Ayodele Stober underscored the company’s resilience, noting, “Despite a challenging 2024, MTN Rwanda remains strong and future-focused.”
Performance highlights from the 2024 financial year included:
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A 4.6% increase in service revenue, driven by growth in key segments
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A 30% surge in Mobile Money (MoMo) revenue, underlining fintech’s rising importance
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Continued strategic investment to support 5G readiness and network modernisation
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A strong Q4 performance, signalling early recovery and momentum heading into 2025
With clear strategic direction and strong leadership, MTN Rwanda says it is committed to restoring profitability while building Rwanda’s most trusted digital platform.
MTN Rwanda now enters 2025 with a sharper focus on cost optimisation and digitisation to enhance operational efficiency. The company is also reinforcing its ESG agenda, aiming to create more inclusive value through community engagement, responsible governance, and digital access.
