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MTN Rwanda CEO discusses company’s performance, RSE listing
MTN Rwandacell PLC shares started trading on the Rwanda Stock Exchange on Tuesday, although activity remained low on the first day of trading. MTN Rwanda CEO Mitwa Ng’ambi joins CNBC Africa for more.
Wed, 05 May 2021 10:48:46 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 sees the listing as a strategic move to engage more actively in socio-economic development and contribute to deepening capital markets in the region.
- The company's financial performance in 2020 showcased significant growth, attributed to expansion of connectivity and infrastructure, particularly in mobile money services.
- Future growth prospects include a focus on expanding internet connectivity, driving smartphone penetration, and investments in network infrastructure and digital transformation.
MTN Rwandacell PLC shares started trading on the Rwanda Stock Exchange on Tuesday, albeit with low activity on the first day. MTN Rwanda CEO, Mitwa Ng’ambi, joined CNBC Africa to share insights into the company's performance and the listing on the exchange. Ng’ambi expressed enthusiasm about the listing, stating that it fulfills a commitment by the MTN Group to actively participate in the socio-economic development of the countries where they operate. The listing, which involved floating 20% of the shares held by existing shareholders, lays a solid foundation for future growth and engagement with investors. Despite the initial low activity, with a closing share price of 269 Rwandan francs, Ng’ambi remains optimistic about increased activity in the coming weeks.
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