Times Of Swaziland: MTN RECORDS ANNUAL GROWTH OF 25%

MTN RECORDS ANNUAL GROWTH OF 25%
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Mhlengi Magongo on 12/05/2022 08:32:00


MBABANE - MTN Eswatini continues to improve in the business sector, despite the
introduction of a competitor in the telecommunications industry.
The telecommunication giants have recorded an annual increase of 25 per cent in
the number of people who use their network and service. The increase will
enlighten investors and stakeholders of the company as it has contributed to the
increase in profits. MTN Eswatini Chief Executive officer (CEO) Wandile Mtshali
yesterday at MTN Headquarters during the MTN Editors Forum Business update said
they were currently incorporating new platforms like financial technology. He
said there were currently over a million MTN customers locally, with over 700
thousand being active Mobile Money (MoMo) users.
Platforms
“MoMo is one of the businesses that we will be incorporating into financial
technology platforms as other services which includes streamline and
E-payment,” said the CEO. He mentioned that there was stagnation on the use of
voice bundles, but they recorded an increase in the use of data because of the
Imfundvo Innovation which was a success. The Imfundvo Innovation is a platform
of learning which seamlessly facilitates the administration, documentation,
tracking, reporting and delivery of education courses online. Mtshali said the
use of this platform increased the usage of data as many schools locally were
using it. He said the second quarter of 2021 was difficult for them as MTN
Eswatini due to the limitations and constraints that were introduced by
COVID-19.“We plan to increase the usage and availability of our network
locally, as we will be introducing new business ventures in
telecommunications,” he said.
Introduce
The CEO also added that they would be engaging the ministry of Finance to
introduce E-payment systems that will assist government and the public in making
payments. He said the platforms would help decrease the conjunctions and the
public would be able to pay for government services online. “We want the
public to be able to pay for things like passports and certificates online
rather than queuing in lines everyday,” he said. Worth mentioning is MTN
Eswatini has invested over E5 million towards the MTN Bushfire festival. They
have also invested E850 000 towards youth empowerment and entrepreneurship, as
well as E100 000 towards digital skills for digital jobs. An excess of E500 000
thousand was invested towards women and girls empowerment to fund projects like
Vukani Bo Make. They also spent an excess of E2 million on MTN foundation. MTN
Eswatini will soon be introducing 5G network.