MTN Rwandacell PLC (MTN Rwanda) held its 2024 Annual General Meeting (AGM) virtually this afternoon, marking the fourth AGM since the company was listed on the Rwanda Stock Exchange (RSE) on May 4, 2021.
The meeting achieved a 51 percent quorum and was opened by Faustin Mbundu, Chairperson of the MTN Rwanda Board of Directors.
Mbundu presented the shareholders with highlights from the 2023 Integrated Report, emphasizing the company’s robust performance and strategic initiatives.
He stated, “MTN Rwanda has firmly established itself as a leader in connecting Rwanda, playing a crucial role in driving economic growth and enhancing community wellbeing.”
“Our commitment to placing customers at the core of our operations has solidified our position as an innovator in providing solutions for Rwanda’s business community. Despite macroeconomic challenges, we have demonstrated resilience and achieved robust economic growth.”
“Our 2023 Integrated Report highlights our solid performance, significant community impact, and forward-looking strategic initiatives. We remain dedicated to our Ambition 2025 strategy, aiming to build the largest and most valuable platforms and to lead digital solutions for Rwanda’s progress.”
Mbundu was joined by MTN Rwanda Chief Executive Officer, Mapula Bodibe; Chief Finance Officer, Mark Nkurunziza; General Manager, Corporate Services and Company Secretary, Sharon Mazimhaka; and Stephen Sang, representing external auditors Ernst & Young.
Bodibe elaborated on MTN Rwanda’s operational achievements in 2023, stating, “We are approaching the one-year mark since obtaining our 4G license, which has enabled us to significantly increase digital access and improve the internet user experience across the country.”
“We have made substantial progress in expanding our 4G network, now achieving a 4G population coverage of 84.5%.”
“To further accelerate our growth, we are pursuing strategic partnerships and aligning with the government’s digital services strategy to ensure connectivity and access for all. Looking ahead, we will continue to grow our subscriber base, invest in our network infrastructure to enhance capacity, expand coverage, and unlock cost efficiencies, thereby improving the profitability of our business.”
Shareholders approved the final dividend distribution for the year ended December 31, 2023, amounting to Rwf 4.24 per share, totaling Rwf 5,724,860,000 (Five Billion Seven Hundred Twenty-Four Million Eight Hundred Sixty Thousand Rwandan Francs).
Shareholders recorded in the Share Register as of June 7, 2024, can expect to receive their dividends on July 3, 2024.
Other resolutions included the re-appointment of Ernst & Young Rwanda Limited as the company’s external auditors until the conclusion of the next AGM and authorization for the board to fix their remuneration, the adoption of the 2023 Integrated Annual Report, the signed Financial Statements alongside the Director’s Report, and the Audited Financial Statements for the year ended December 31, 2023.
Additionally, the approval of two new directors and the re-election of six directors of the board was confirmed.
The appointments of Director Peace Uwase and Wanda Matandela, which were made through a shareholders’ resolution effective as of January 1, 2024, were ratified at the AGM.
Directors re-elected included Faustin Mbundu, Karabo Nondumo, Michael Fleischer, Julien Kavaruganda, Yolanda Cuba, and Mark Nkurunziza.
MTN Rwanda continues to demonstrate strong leadership and strategic direction, solidifying its position as a major player in Rwanda’s telecommunications sector and a driver of digital transformation and economic growth in the region.
I was wondering if you ever thought of changing the page layout of your blog?
Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content so people could connect with it better.
Youve got an awful lot of text for only having 1 or two images.
Maybe you could space it out better?
Stop by my blog post: 슬롯사이트
Wow, this article is fastidious, my sister is analyzing such things, so I am going to convey her.
I blog quite often and I genuinely appreciate your information. Your article has
really peaked my interest. I am going to take a note
of your website and keep checking for new details about once
per week. I opted in for your RSS feed as well.