👨🏿‍🚀 Daily – M-PESA is not backing down |

It’s planning season and as you plan for the new year, MTN is too! 

The telco took a beating in the first half of the year, reporting a loss after tax of ₦519 billion ($333 million) for the first half of 2024 due to FX volatility. The telco hopes to come back in the new year with new leadership changes.

Yesterday, it announced the departure of Frédéric Schepens, CEO of Bayobab, its infrastructure business, along with other departures. 

Following over seven years of service at MTN, Schepens will be succeeded by Mazen Mroue, the company’s Chief Technology and Information Officer (CTIO). In this expanded role, Mroue will concurrently lead MTN Group’s infrastructure business alongside his CTIO responsibilities. Mroue will lead Bayobab’s fibre and mobility divisions while spearheading the company’s data centre strategy.

MTN also announced major leadership changes across its subsidiaries in Cameroon and Côte d’Ivoire. Wanda Matandela, who currently serves as Chief Commercial Operations Officer at MTN South Africa, will become the new CEO of MTN Cameroon on March 1, 2025.

Mitwa Ng’ambi, the CEO of MTN Cameroon, will move to MTN Côte d’Ivoire on March 1, 2025. Ng’ambi, formerly the CEO of MTN Rwanda, will drive the next phase of growth in the country.