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All about MTN
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Our reporting suite
Our approach to materiality
Navigating this report
About this report
Who we are
Our products and services
Where we operate and how we perform
Views from our Chairman
Q&A with the Group President and CEO
Q&A with the CFO
Key financial tables
Our market context
Operational performance summary
Our outlook
Investment case – a compelling African growth story

How we create and preserve value
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Creating and preserving value through our business model
Material matters impacting value creation
Social, Ethics and Sustainability Committee Chair's review
Stakeholders with whom we partner to create value
Audit Committee Chair’s review
Risk Management and Compliance Committee Chair’s review
How we manage risk
Top risks to value creation
Delivering value through our strategy
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Finance and Investment Committee Chair’s review
Our Ambition 2025 strategy
Our strategic performance dashboard
Connectivity
Fintech
Digital infrastructure
Create shared value
Portfolio optimisation

Governance and remuneration
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Directors Affairs and Governance Committee Chair’s review
Governance in support of value creation
Our Board of Directors
How the Board transformed our values into actions
Our Executive Committee
Definitions for assured non-financial data
Remuneration Report
Independent assurance practitioner’s limited assurance report
Glossary
Administration

Investment case – a compelling African growth story

Ambition 2025 highlights the Group's key differentiators and how we leverage these to capture opportunities. Among these are: our exposure to growth markets with a youthful population; our established leading brand with a solid infrastructure base; a strong and experienced management team; and a leading position in our markets. Our focus on efficiencies to optimise our capex and cashflows is to ultimately support attractive returns and shared value for all stakeholders, which will all ultimately translate into attractive returns and shared value for all stakeholders. Our compelling investment case is underpinned by the growth opportunities arising from the structural demand for data and fintech in our markets. We aim to capture these opportunities through disciplined capital allocation and by strengthening our risk and regulatory frameworks. We are committed to executing our strategy while creating shared value in our host markets, with ESG at the core.

Our pan-African focus allows us to advance the digital and financial inclusion agenda, living up to our purpose and strategic intent and accelerating Africa's digital future.

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Exciting demographic opportunity

  • Fast-growing, youthful population.
  • Low data, fintech and digital adoption.
  • Partner in socioeconomic development of our regions.
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02

Exciting demographic opportunity

  • Fast-growing, youthful population.
  • Low data, fintech and digital adoption.
  • Partner in socioeconomic development of our regions.
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03

Exciting demographic opportunity

  • Fast-growing, youthful population.
  • Low data, fintech and digital adoption.
  • Partner in socioeconomic development of our regions.
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04

Exciting demographic opportunity

  • Fast-growing, youthful population.
  • Low data, fintech and digital adoption.
  • Partner in socioeconomic development of our regions.
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