In the first half of 2023, MTN continued to demonstrate resilience in its business model through the execution of their Ambition 2025 strategy. The MTN Group’s H1 23 results published by the Johannesburg Stock Exchange (JSE), indicate that operating conditions remained challenging due to ongoing pressures in the macroeconomic, geopolitical and regulatory environments across markets. Growth of Data Traffic and Fintech TransactionsDespite the challenging trading environment , MTN continued to grow. The Group delivered service revenue growth of 15.1% (H1 2022: 14.8%), in line with medium-term guidance. MTN experienced 181 days of loadshedding in H1 2023 compared to 68 days in H1 2022.

Source: The North Africa Journal August 14, 2023 12:24 UTC