 | |
| Type | Public: RSE: MTN |
|---|---|
| Industry | Telecommunications |
| Founded | 1998 |
| Headquarters | MTN Center Nyarutarama Kigali, Rwanda |
Key people | Faustin Mbundu Chairperson Mapula Bodibe CEO |
| Services | |
| Website | Homepage |
MTN Rwandacell Plc, commonly referred to as MTN Rwanda, is the largest telecommunications company in Rwanda, with an estimated 7 million subscribers, accounting for 62 percent market share, as of 30 July 2023. [1]
The headquarters of MTN Rwandacell Plc are located at MTN Centre, Nyarutarama, Kigali, Rwanda. This location is in one of the upscale suburbs of the city of Kigali, the national capital. [2] The geographical coordinates of the headquarters of MTN Rwanda are 1°56'27.0"S 30°06'13.0"E (Latitude:-1.940833; Longitude:30.103611). [3]
MTN Rwanda is a subsidiary of MTN Group, a multinational telecommunications group connecting approximately 232 million people in 22 countries across Africa and the Middle East, as of 2016. [4] MTN Rwanda was established in 1998. [5] In 2023, the company marked its 25th year of existence by planting 25,000 in Nyarugenge District, as part of the parent MTN Group's ambition to achieve carbon neutrality by 2040. [6]
In May 2021, the shares of stock of MTN Rwanda were listed on the Rwanda Stock Exchange. [7] [8] As of 31 December 2022, the shareholding of the stock of MTN Rwanda was as illustrated in thee table below. [9]
| Rank | Name of Owner | Percentage Ownership | Notes |
|---|---|---|---|
| 1 | MTN International (Mauritius) Limited | 55.0 | [9] |
| 2 | MTN REL (Mauritius) Limited | 25.0 | [9] |
| 3 | Retail Investors | 20.0 | [9] |
| Total | 100.00 | ||
As of February 2022, the chairman of MTN Rwanda is Faustin K. Mbundu, an independent, non executive director. [10] The CEO/Managing Director, as of January 2024, is Mapula Bodibe. [11]
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