MTN Group announced recent modifications in its leadership. They announced the establishment of an advisory board, following recent regulatory agreements with the Nigerian government. MTN Nigeria contributes the largest share of MTN Group’s market share. It accounts for over 67 million customers and 35% of the total number of subscribers. MTN Group has also increased Nigerian ownership in the company from 20% to 35%.
MTN Group announces changes to the Board and establishment of International Advisory Board https://t.co/KqoEiHdK1D
— MTN Group (@MTNGroup) May 3, 2019
In a bid to list on the Nigerian Stock Exchange, MTN Group Limited has appointed the Emir of Kano and former Governor of the Central Bank of Nigeria, Lamido Sanusi, as a non-executive director. MTN also appointed Mcebisi Jonas as Chairman of the board of directors. Mcebisi is the former Deputy Minister of Finance in South Africa. After he was removed from his ministerial role by President Zuma in 2017, he joined MTN Group as a non-executive director last year. He will resume his new office as the chairman of MTN Group Ltd., after Phuthuma Nhleko steps down on 15th December 2019.
Furthermore, Dr. Khotso Mokhele will be the Lead Independent Director while Alan Harper, Jeff Van Rooyen and Koosum Kaylan will step down from the Board on the 15th of Dec 2019, after an orderly transition to incoming directors. Peter Mageza and Dawn Marole will step down from the Board on 30 April 2020.
An International Advisory Board will be set up to come up with strategies to increase MTN’s market share and to support digital inclusion across Africa and the Middle East. The IAB will ensure that the general board is guided and assisted to achieve the company’s vision and mission. It will be inaugurated on July 1st, 2019.
The members of the board includes the former president of Ghana, John Kufuor; Dr Aisha Abdullahi, former African Union Commissioner of Political Affairs; Dr Mohamed ElBaradei, former Director General of the International Atomic Energy Agency; Dr Momar Nguer, president of Marketing & Services Total South Africa, and Phuthuma Nhleko, current Chairman of MTN Group. The board will be chaired by Thabo Mbeki, the former president of South Africa.
More on TechGist Africa:
- WorldCover Raises $6 million Fund to Provide Insurance for Smallholder Farmers
- Instagram Now Testing Feature that Hides Number of Likes and Allows Influencers Sell Items Directly
- Huawei Takes Over Data Center and Smart City Projects in Kenya
- World Bank Channels $200 million to Support Egyptian Startups, Women and Youths
- DHL Seeks to Ease Africa-World Transactions Using MallforAfrica’s Platform