Audio By Carbonatix
MTN Group Ltd., Africa’s largest wireless operator, has appointed the head of its Rwanda unit, Ebenezer Asante, to run the company’s Ghanaian operations, a source has revealed.
Asante will move to the West African country after the unit’s previous chief executive officer, Serame Taukobong, resigned.
MTN will hire an internal candidate to replace Asante in Rwanda, the source said. Ghana is MTN’s fourth-biggest market in terms of subscriber numbers, after Nigeria, South Africa and Iran.
MTN spokesman Chris Maroleng declined to comment on the appointment. MTN Ghana spokeswoman Georgina Asare Fiagbenu also declined to comment.
Johannesburg-based MTN, which has about 228 million subscribers across 22 countries as of March 31, is shuffling management for the second time in less than a year as it seeks to generate more revenue from its smaller markets.
The company is battling regulatory pressure and tough competition in Nigeria and South Africa. Its shares traded 1.1 percent higher at 233.39 rand as of 11:41 a.m. in Johannesburg, valuing the company at 431 billion rand ($36 billion).
Asante previously worked for MTN Ghana as a sales and distribution executive and helped to, more than double, its customer base to 9.9 million in five years, according to the company’s website.
The unit now has about 14.2 million subscribers, compared with 3.9 million in Rwanda
Latest Stories
-
Algeria claim first-ever podium finish after penalty shootout win over hosts Morocco
50 minutes -
NPP struggled even in traditional strongholds in 2024 – Annoh-Dompreh
58 minutes -
NPP must elect strong parliamentary candidates to reclaim Greater Accra seats – Patrick Boamah
1 hour -
Abdul-Aziz Abdu-Rahaman elected NPP Upper West Regional Chairman
1 hour -
Iddrisu Sulemana edges Clifford Braimah to become NPP Savannah Regional Chairman
1 hour -
‘Arrogance of power’ is driving voters back to NPP in Ashanti Region – Paul Adom-Otchere
1 hour -
They demolish buildings and tell us they’re building 24-hour markets – Paul Adom-Otchere
2 hours -
NPP’s 2024 Bolgatanga Central Parliamentary Candidate elected Upper East Regional Chairman
2 hours -
Incumbent Northern NPP Chair wins as new faces break through in party executive elections
2 hours -
Former Health Minister Okoe Boye elected NPP Greater Accra Regional Chair
2 hours -
Joseph Kobinah Esibu elected NPP Central Regional Chairman
2 hours -
Fernandez booed by Chelsea fans as Alonso offers glimpse of blueprint
2 hours -
PSG sign World Cup winner Torres from Barcelona
3 hours -
Odeneho Kwaku Appiah beats former EPA boss Kokofu, to emerge NPP Ashanti chair
3 hours -
TDC defends statutory mandate, says its authority to develop Tema predates TMA
3 hours