 | |
| Company 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]
MTN Rwanda was established in 1998 during the reconstruction of the Rwanda economy in the aftermath of the 1994 genocide against the Tutsi. [2]
It is a subsidiary of MTN Group, a multinational telecommunications group connecting about 232 million people in 22 countries across Africa and the Middle East, as of 2016. [3]
In May 2021, the shares of stock of MTN Rwanda were listed on the Rwanda Stock Exchange. [4] [5] This impelled the closure of Crystal Telecom Rwanda, owned by the Rwandese Patriotic Front (RPF), the party of Paul Kagame which had been a vehicle for the "public" to own shares in MTN. [6]
As of 31 December 2022, the shareholding of the stock of MTN Rwanda was as illustrated in the table below. [7]
| Rank | Name of Owner | Percentage Ownership | Notes |
|---|---|---|---|
| 1 | MTN International (Mauritius) Limited | 55.0 | [7] |
| 2 | MTN REL (Mauritius) Limited | 25.0 | [7] |
| 3 | Retail Investors | 20.0 | [7] |
| Total | 100.00 | ||
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. [8]
As of February 2022, the chairman of MTN Rwanda was Faustin K. Mbundu, an independent, non executive director. [9] The CEO/Managing Director, as of January 2024, is Mapula Bodibe. [10]
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. [11] 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). [12]