MTN Rwandacell PLC (MTN Rwanda) shareholders who were recorded in the Share Register as of 09 June 2023 can expect to receive their dividends on 26 June 2023, according to a resolution from the Annual General Meeting (AGM) that took place on Friday afternoon.
The resolution approved the final dividend distribution for the year ended 31 December 2022 of Rwf7.04 per share totaling Rwf9,512,100,616 only.
The AGM that took place for the 3rd time since MTN Rwanda listed by introduction on the Rwanda Stock Exchange (RSE) on May 4, 2021, received 51% quorum and was opened by Faustin Mbundu, MTN Rwanda Chairperson of the Board of Directors.
Mbundu took the shareholders through the 2022 Integrated Report highlights.
He said the company has achieved significant progress so far especially in driving digital and leading financial inclusion, and “we hope to continue working towards our key objectives.”
MTN Rwanda was able to achieve noteworthy operational performance growth with GSM and Mobile Money (MoMo) subscribers increasing by 5.9% and 16.3% respectively.”
The company’s total revenue increased by 19.2% to Rwf224.27 billion and EBITDA increased by 20.8% to Rwf108.39 billion.
The Chairperson was also joined by MTN CEO, Mapula Bodibe, CFO, Mark Nkurunziza, the General manager, Corporate Services and Company Secretary,Sharon Mazimhaka, and representing external auditors from PwC, Moses Nyabanda.
Bodibe expounded on the Operational achievements MTN Rwanda saw in 2022 commenting.
“We expanded our network infrastructure further across Rwanda during the year, offering broader access to a modern connected life,” she said.
She added, “We rolled out 120 network new sites to bring our coverage to an estimated 13 million people in the country. By the end of the 2022 fiscal year, we had achieved 98.7% population coverage.”
Other business that was resolved at the AGM included the approval to appoint Ernst and Young Rwanda Limited as the Company External Auditors and to authorize the board to fix their remuneration, the adoption of the Integrated Annual Report, signed Audited Financial Statements for the year ended 31 December 2022, as well as the re-election Directors of the Board.
The Board of Directors who were re-elected included Mbundu, Karabo Nondumo, Adriaan Wessels, Michael Fleisher, Julien Kavaruganda, Yolanda Cuba, Mapula Bodibe and Mark Nkurunziza. 
