The covid-19 pandemic has forced the acceleration of digital transformation efforts in Africa. With the change in customer habits, several telecom companies have been forced to rethink their business model.
African MTN Group is rebranding as part of its strategy to position itself as a technology company rather than a telecom company. The official change of its visual identity as well as the launch of the related communication campaign announced for Sunday 27 February, will mark the effectiveness of this transformation. In March 2021, at the launch of its new operational strategy called "Ambition 2025", MTN Group justified the need to transform itself to tap into the opportunities offered by the Covid-19-induced change in the global operating environment. The company said that "in light of the digital acceleration taking place around the world, MTN recognizes the opportunity to lead in digital services in our markets" and the opportunity to "align our priorities more closely with the development agenda of our operating markets.”
MTN Group's transformation into a technology company comes after several strategic divestitures over the past year, including the sale of telecom towers in several countries, the divestment of shares in a few subsidiaries to focus on the development of value-added services. The company has identified four key areas to focus on. These are fixed and mobile connectivity, digital financial services, business technology services, and entertainment services.
Earlier this week, MTN Group announced plans to recruit additional 150 technology experts to strengthen its workforce. They will work in various areas such as artificial intelligence (AI), the Internet of Things (IoT), robotics, mobile applications for financial transactions, transportation, and automated utility delivery.
Through its transformation, MTN wants to leverage the accelerating digitalization in Africa and the change in people's consumption habits brought about by Covid-19. The demand for connectivity has increased, and the use of digital services such as e-payment, e-health, e-commerce, and on-demand television has also grown.
Isaac K. Kassouwi
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
Banks’ exposure to sovereign risk rose to 32% of total assets in 2024 48.8% of banks’ treasury assets were invested in public securities Cameroon,...
Carrefour to enter Ghana retail market in 2026 via franchise Shoprite Ghana stores to be rebranded Carrefour from April 2026 Plan includes opening...
(HUAWEI) - Huawei Northern Africa concludes today the Huawei Northern Africa Inclusive Energy Summit 2025 at the Four Seasons Hotel in...
Malawi plans state takeover of majority fuel imports to curb shortages NOCMA to import about 60% of fuel in 2026-27 Private importers remain active...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...