MTN Group CEO Ralph Mupita discusses full-year earnings performance

MTN Group, Africa's largest telecommunications company, recently released its full-year financial results, showing a challenging operating period. The company reported a significant decline in headline earnings, down 72 percent, and earnings per share dropping by 78 percent. CNBC Africa's Godfrey Mutizwa sat down with MTN Group CEO, Ralph Mupita, to discuss the underlying performance of the company and the impact of external factors such as currency devaluation on its financial results. Despite the headline numbers, Mupita highlighted the strong underlying performance of the company, emphasizing growth in subscriber numbers and the fintech segment. One of the key points discussed was the impact of currency devaluation, particularly in Nigeria, which overshadowed an otherwise solid set of operating results. Mupita also addressed the challenges in Nigeria and outlined the company's strategies for navigating the current environment and driving future growth. The discussion also touched on the company's fintech business, which showed significant growth and strong prospects for the future. Mupita provided insights into the key areas driving fintech growth and highlighted the partnership with Mastercard as a strategic move to accelerate business expansion. Additionally, Mupita spoke about the company's dividend policy and its commitment to maintaining dividends, reflecting confidence in the long-term prospects of the business. Despite the difficult year, MTN Group remains focused on executing its capital allocation framework and delivering value to shareholders.