MTN Group Publishes its 2021 Suite of Reports

MTN Group has announced that they have published its 2021 Suite of Reports.

MTN Group has published its 2021 suite of reports including Integrated, Sustainability, Transparency, and Tax Reports. The reports also emphasize the MTN of tomorrow, and how they’re leading digital solutions for Africa’s progress. 

“This Integrated Report is MTN Group Limited’s primary communication to all stakeholders and aims to enable them to make an informed assessment of our
performance and prospects and the value we create and preserve through our activities.”

Excerpt From the Report

“MTN’s Board of Directors acknowledges its responsibility to ensure the integrity of the Integrated Report. We, as the Board, believe that this report has been prepared in accordance with the Value Reporting Foundation’s Framework. We are of the opinion that it addresses all material matters and offers a balanced view of MTN’s strategy and how it relates to the organisation’s ability to create and preserve value in the short, medium and long term, as well as how it relates to efforts to prevent instances where value is eroded. The report adequately addresses the use of, and effects on, the capitals and the way the availability of capitals is impacting MTN’s strategic positioning.”

Approval of the MTN Board of Directors

“In executing on Ambition 2025 during 2021 we accelerated the exciting journey of shaping the MTN of the future and, encouragingly, we reported a strong overall performance and demonstrated noteworthy resilience in a difficult macroeconomic context.

We made very good progress towards meeting our strategic targets, details of which are on page 56. In driving industry-leading connectivity operations, we reported solid voice and data revenue growth, supported by strong commercial execution. In 2021, we maintained good operational momentum, closing the year with approximately 272 million subscribers – an increase of 2.9 million in the year. Excluding Nigeria, the subscriber base in the rest of the portfolio rose by 11 million. Encouragingly, subscriber additions in Nigeria returned to a positive trajectory in the fourth quarter adding around one million subscribers.

We added 11.1 million active data users, closing 2021 with 122.0 million active users connected to our network across our 19 markets. Data usage accelerated by 53.3% to an average of 6.4GB per user per month – it is remarkable that in less than three years, we have increased the volume of data traffic on our networks by five times.”

Ralph Mupita, Group President and CEO, MTN

You can find the reports here.

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