MTN marks three decades
of operations, celebrating a legacy of connecting people, changing lives, and
driving economic growth across South Africa and the African continent.
“As we reflect on
this significant milestone, we express our sincere gratitude to all our
stakeholders, past and present, across multiple jurisdictions, for their
support,” said MTN Group President and Chief
Executive Officer Ralph Mupita. “We
couldn’t have achieved this remarkable success without you.”
Since its inception in 1994, MTN has evolved from a
small South African start-up with 20 employees into a global telecommunications
leader, employing over 17,500 individuals representing more than 70
nationalities across 18 diverse markets.
In South Africa, MTN’s impact has been profound. The
company’s network now reaches 97% of the population, providing a foundation for
digital inclusion and economic empowerment. By investing in cutting-edge
technologies like 4G and 5G, MTN has ensured that South Africa remains at the
forefront of technological advancement. A recent study by KPMG showed that MTN
South Africa’s contribution to the country’s GDP is substantial, making it a
key player in the national economy.
The evolution of handsets and the proliferation of apps
have democratised access to information and essential services, from financial
solutions to healthcare, education, and entertainment. This has been a
game-changer for individuals and businesses alike.
MTN’s influence extends far beyond South Africa. In
2023, the MTN Group recorded over R220 billion (more than US$11 billion) in
revenue, a testament to its market leadership and the growing demand for
digital services across Africa. This success has driven the company’s market
capitalisation to over R150 billion, solidifying its position as one of the
continent’s most valuable companies.
Across Africa, MTN connects millions, empowering them
with essential communication tools and access to vital services. More than 149
million people rely on MTN’s network for data access, fuelling a digital
transformation that is reshaping industries and societies. Additionally, MTN
Mobile Money (MoMo) provides over 65 million individuals with access to
financial services, driving financial inclusion and economic empowerment in
underserved communities.
MTN’s commitment to socio-economic development is
evident everywhere. In 2023, the Group’s total tax contribution to governments
across markets was nearly R62 billion (over US$3.3 billion), supporting
vital public services and infrastructure development. MTN’s operations also
generated some R159 billion in economic value, creating jobs, stimulating
economic activity, and fostering digital innovation.
From the outset, the Group has been driven to make a
social impact. Launched in 2001, the first MTN Foundation had an annual budget
of R22 million. In 2023, MTN spent ten times that – R220 million – in
corporate social responsibility across markets, with a special focus on
developing digital skills to enable the digital economy.
Furthermore, both MTN Group and MTN South Africa have
achieved Level 1 Broad-Based Black Economic Empowerment status, underscoring
their commitment to diversity, inclusion, and social transformation.
MTN’s dedication to giving back is embodied in the
annual “21 Days of Y’ello Care” initiative, which has been extended to 30 days
this year to commemorate the 30th anniversary. Kicking off on 01 June 2024
under the theme “Learn Today, Lead
Tomorrow: Education for Rural and Remote Communities,” this initiative
mobilises MTN employees across the continent to dedicate their time and resources
to enhance educational opportunities. This year, the focus is on bridging the
educational divide in rural and remote areas, providing digital learning tools,
and supporting educational infrastructure to empower the next generation of
leaders within these communities.
MTN’s 30-year journey is a testament to the
transformative power of technology and the unwavering spirit of innovation.
Looking to the future, MTN remains dedicated to bridging the digital divide,
empowering individuals and communities, and driving Africa’s sustainable and
inclusive progress through cutting-edge digital solutions.
