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MTN Rwanda CEO speaks on the country’s telecoms industry
Well a lot has been happening in Rwanda’s telecom industry; from the merger of Tigo Rwanda, the second biggest telecom firm in the country by market share and Bharti Airtel in December 2017, to the recent announcement of a 1 per cent growth in mobile telephone subscriptions by the utilities regulator. Joining CNBC Africa for more is Bart Hopfer, CEO of MTN Rwanda.
Thu, 30 Aug 2018 14:39:38 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- MTN Rwanda's revenue grew by 16% in the first half of the year, outpacing the country's GDP growth and contributing to the overall industry growth.
- Despite the merger of competitors in the market, MTN maintained its focus on consumer usage and revenue generation, positioning itself as a leader by revenues.
- The company's mobile money services have seen significant growth, with cross-border transactions to Uganda now available, while also actively promoting electronic payments and cashless transactions in line with the government's initiatives.
MTN Rwanda's CEO, Bart Hopfer, recently sat down with CNBC Africa to discuss the telecom industry in Rwanda. The country has seen several significant developments in recent years, including the merger of Tigo Rwanda and Bharti Airtel, as well as a 1% growth in mobile telephone subscriptions. Hopfer highlighted MTN's contribution to the industry's growth, citing a 16% revenue increase in the first half of the year, surpassing the country's GDP growth rate. Despite the consolidation of competitors in the market, Hopfer remained confident in MTN's success, emphasizing the focus on consumer usage and revenue generation. The company's mobile money services have also been a key area of growth, with cross-border transactions now available to Uganda. Hopfer discussed the challenges of enabling cross-network transactions locally, citing the need to align with regulators and competitors on interconnect fees. Additionally, MTN Rwanda has been proactive in promoting electronic payments and cashless transactions, aligning with the government's vision of a cashless society. With over 66% penetration in the market, Hopfer expressed readiness for further expansion, emphasizing the need for continued investment in innovative products and services to meet evolving consumer needs.
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