It also expects to finally exit Afghanistan in the next two months, with that process currently with regulators. MTN added it remains in discussions over the “potential orderly exit of three of our smaller operations in West Africa”, with its units in Guinea-Bissau, Guinea-Conakry and Liberia on the block. CEO Ralph Mupita pointed to signs inflation was easing across several of its markets during Q3, including in South Africa, Ghana and Uganda. In its home market of South Africa, Mupita said there had been continued issues with power outages, though reported “significant progress” in a network resilience programme designed to mitigate this. MTN does not provide net profit figures for Q3, but booked revenue including the impact of hyperinflation of ZAR50.9 billon ($2.8 billion), down from ZAR53.5 billion in Q3 2022.

Source: The North Africa Journal November 07, 2023 23:43 UTC