MTN Offers Up Regional Changes As Part Of Strategy Revision
As part of a group strategy review, MTN, Africa's largest telecommunications network, has announced that from January 01 2021, MTN Ghana will become part of MTN's West and Central Africa (WECA) region. The hitherto Southern, East Africa and Ghana (SEAGHA) region will now be referred to as the Southern and East Africa (SEA) region.
The press statement from MTN stated that these changes are a function of the strategy agreed upon by management to help drive further growth and unlock value by helping to deleverage the group's debt holdings.
Personnel-wise, the MTN announcement says that Ebenezer Asante has been appointed as the new Vice president of WECA (he is currently of SEAGHA). The MTN Group's chief digital and fintech officer, Yolanda Cuba, is being transferred to assume the leadership responsibility at SEA as the new Vice President.
Serigne Dioum, the current group's executive for Mobile Financial Services, will assume the role of MTN Group's chief digital and fintech officer with the remit to help further drive "digital innovation and financial inclusion and also help drive the success of MTN's growth strategy".
Before these new changes, MTN had already appointed Karl Toriola as its new CEO that would take over from Ferdi Moolman from March 01 2021.