MTN share price falls as Rwanda profits drop by more than a third
MTN Rwanda said its profits dropped in the March quarter due to the payment of the first instalment to renew its operating licence
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MTN Rwanda said its profits dropped in the March quarter due to the payment of the first instalment to renew its operating licence
Daily Monitor Tuesday May 25 2021 A visitor admires an exhibition of a fashion start-up at Motiv in Bugolobi. Dating back to 2012, a Digest Africa report has recorded over $55m (Shs196b) raised by Ugandan startups across 168 deals with investment activity peaking between 2017 to date. PHOTO/COURTESY Summary MTN Rwanda recently decided to consider setting up an independent company to take on and operate its financial technology operations. Advertisement The chief executive officer Mitwa Ng’ambi said financial technology was fast becoming influential in digital finance, so it has been conside...