Fintech lifts MTN Group in tough Q1 performance

Providing its quarterly financial results, the telco says it completed the modernisation of 140 network sites in different parts of the country during the quarter.

MTN Group says its team discussed working through partnerships to drive and advocate for accelerated digital and financial inclusion across Africa.

Reporting its first quarter results for 2024, the company revealed the progress it has made in improving network coverage and access.

As part of its commitment to supporting national priorities and fostering sustainable societies, MTN is building up 52 basic health clinics in Nigeria.

The company said the increase in data was led by improved data bundle offerings, wide network coverage and enhanced capacity.

During its first quarter results, the telco outlined plans to counter Nigeria’s economic turbulence, including engaging with the authorities for the leeway to increase pricing.

The international fibre player believes the move will help position Zambia as a digital hub in the region.

MoMo users can now send money to more than 200 million wallets, across 24 African countries.

Brand Finance named MTN as the country’s most valuable brand, followed by rival telco Vodacom.

The telco launched the various packages, including fibre-based connectivity.

The telco presented its digital human rights policy to stakeholders amid rising online abuse in the country.