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MTN Makes 20 Years In Rwanda

National

MTN Makes 20 Years In Rwanda

Four years after the 1994 genocide against Tutsi, no investor could risk their capital to invest in Rwanda but MTN was ready and arrived on ground to setup what would become the largest telecom company year-on-year.

Today, MTN is tossing to two decades of operating in Rwanda and during this period, it has built a family of more than 3.51 million subscribers representing a 42% share of the market.

The telecom says it offers voice, mobile money solutions, data and digital services to retail customers.

Currently, Rwanda has 8.35 million subscribers to telecom companies.

In 2016 MTN Rwanda generated revenue worth Rwf77billion, later in 2017 the revenues scaled up to Rwf90billion.

Bart Hofker, the Chief Executive of MTNRwanda said he was optimistic about this year’s revenue that would go above $106M.

Meanwhile, through Crystal Telecom, MTNRwanda shares are traded on the local bourse by Rwanda Stock Exchange.

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