At the heart of these changes is the appointment of Dr. Karl Toriola, CEO of MTN Nigeria, to an expanded role as Vice President of Francophone Africa, where he will oversee growth and market share expansion across Cameroon, Côte d’Ivoire, Benin, and Congo Brazzaville.

Toriola, who previously held responsibilities across MTN’s West and Central Africa operations, brings deep experience to this new assignment.

His dual role underscores the Group’s commitment to Francophone markets, which remain key growth engines within Africa’s evolving digital economy.

Adapting to a Shifting Landscape

The announcement follows months of strategic review by MTN’s board, which evaluated the progress of Ambition 2025 in light of shifting geopolitical, macroeconomic, and technology trends.

While challenges remain, MTN sees enormous opportunity to accelerate Africa’s digital future by focusing on three core platforms: Connectivity, Fintech, and Digital Infrastructure.

Group President and CEO, Ralph Mupita, explained:

“These leadership changes illustrate the depth of talent and experience across MTN. They position us to execute with greater focus, deliver accelerated growth beyond 2025, and create long-term value for all stakeholders.”

Key Executive Changes

To strengthen execution, the Group has restructured its executive committee (Exco) effective 1 November 2025:

• Karl Toriola – CEO, MTN Nigeria and VP of Francophone Africa, leading operations in Nigeria, Cameroon, Côte d’Ivoire, Benin, and Congo Brazzaville.
• Ebenezer Asante – VP of Ghana and Southern & East Africa (SEA), focusing on accelerating growth in Ghana, Uganda, Rwanda, Zambia, South Sudan, Sudan, Liberia, and joint ventures in Eswatini and Botswana.
• Ferdi Moolman – appointed CEO and Executive Director of MTN South Africa, succeeding Charles Molapisi.
• Yolanda Cuba – moves from Group Exco to Deputy CEO and Executive Director of MTN South Africa.
• Tsholofelo Molefe, Group CFO, takes on expanded responsibilities, now overseeing mergers & acquisitions alongside capital allocation.
• Selorm Adadevoh – becomes Group Chief Commercial, Strategy and Transformation Officer.
• Mazen Mroué – remains CEO of Digital Infrastructure, with sharper focus on fibre, data centres, tower partnerships, and non-terrestrial networks.
• Charles Molapisi – returns to his former role as Group Chief Technology and Information Officer, with a new mandate to accelerate AI adoption across MTN operations.

Strengthening MTN South Africa

MTN’s South Africa operations also enter a new era. Ferdi Moolman, who led MTN Nigeria between 2016 and 2021, now takes the helm of MTN South Africa to drive growth and maximize returns, supported by Yolanda Cuba as Deputy CEO.

Together, they will build on the resilience demonstrated under Molapisi’s leadership during a period of crippling power outages.

In governance changes, Sindisiwe (Sindi) Mabaso-Koyana will succeed Mike Harper as Chairperson of MTN South Africa in Q1 2026, ensuring a smooth leadership transition as Harper prepares to retire.

Unlocking Africa’s Digital Future

The leadership shuffle reflects MTN’s sharpened focus on growth opportunities across its three platforms. Within Connectivity, the Group will target homes and streamline digital offerings; in Fintech, it will scale its digital-first business; and through Digital Infrastructure, it will expand fibre, data centres, and leverage AI to create value.

“As we look beyond 2025, our strategic focus on Connectivity, Fintech, and Digital Infrastructure will allow us to unlock Africa’s digital future. These leadership changes strengthen our ability to deliver,” Mupita added.

Looking Ahead

With its new executive structure, MTN is positioning to scale emerging businesses, deepen financial inclusion, and accelerate digital adoption across Africa.

By placing experienced leaders like Karl Toriola at the forefront of strategic regions, MTN aims to build resilience, seize structural growth opportunities, and reinforce its position as Africa’s leading digital operator.

The post MTN Group Unveils Strategic Leadership Changes, Expands Karl Toriola’s Role as VP of Francophone Africa appeared first on Tech | Business | Economy.

MTN Group and Ericsson have strengthened their partnership to enhance mobile financial services and financially empower millions of citizens across Africa.

The partnership is set to broaden the scope of financial inclusion from first-time users to high-end business applications, utilising MTN’s Mobile Money (MoMo) service on the Ericsson Wallet Platform.

The comprehensive suite of services will provide MTN’s customer base across Africa with access to a world-class mobile connectivity-based financial ecosystem.

In addition to ramping up MTN’s goal of advancing financial inclusion for the unbanked, the service provider will offer advanced financial services to address the rapidly evolving digital financial needs of individuals and enterprises.

Powered by the Ericsson Wallet Platform, MTN Mobile Money enables individuals and businesses to conduct secure and convenient banking and payment transactions with ease, directly from their mobile devices.

MTN MoMo customers can securely manage funds, pay merchants and utility providers, and access loans and insurance services with ease and affordability, promoting financial freedom and stability.

The platform places a strong emphasis on financial technology (FinTech), with focus areas including the growth of merchant and e-commerce payments, facilitating national and international money transfers among family members and others (remittance services), advancing banking solutions (BankTech), and offering insurance services (InsurTech).

MTN visit to Ericsson HQ

The agreement was signed during a visit by senior MTN Group executives to Ericsson’s Group Headquarters in Kista, Sweden, where key strategic priorities and collaboration between the two companies was discussed.

More than 63 million MTN active subscribers already use its Mobile Money platform in some form across 16 African countries.

MTN MoMo annual transaction value has almost tripled since 2018, growing from USD 76 billion in 2018 to USD 204 billion in 2022.

Transaction volumes increased by almost 300 percent during the same period – from 3.5 billion transactions in 2018 to 12.7 billion in 2022.

Ericsson Wallet Platform supports more than 400 million registered mobile wallets and processes more than 2.8 billion transactions, worth more than USD 40 billion, every month through communication service providers and financial institutions globally.

Serigne Dioum, Chief Fintech Officer, MTN Group, says:

“At MTN, we are not just connecting people, we are unlocking a world of financial possibilities for every African. With 63.5 million active users, our Mobile Money platform is advancing economic empowerment across the continent. MTN Mobile Money offers a spectrum of mobile financial services, encompassing money transfers, payments, savings, and loans for every consumer, actively driving financial inclusion, and advancing economic empowerment across the continent. Our collaboration with Ericsson is a significant milestone in the execution of our Ambition 2025 – building the largest and most valuable platform business and create shared value for our customers in Africa.”

Michael Wallis-Brown, Head of Mobile Financial Services, Ericsson, says:

“Ericsson’s partnership with MTN is a world-leading example of the ability of mobile financial services to financially empower people and business – from giving the unbanked their first opportunity to control their finances, making it easier for women to access financial services and promoting digital inclusion – to enabling more advanced users to access high-end services. This model can be applied in any market anywhere in the world to genuinely empower mobile subscribers of all financial standings. Our valued MTN partnership also supports Ericsson’s AfricaInMotion vision to promote a sustainable and connected Africa.”

Other technical details

The partnership extension includes a transition to public cloud deployments and the refinement of the Open API services framework, fostering the acceleration of fintech innovation in Africa.

It will give entrepreneurs an opportunity to develop revenue-generating applications and, by utilising Continuous Integration/Continuous Deployment (CI/CD), will enable an automated software development and deployment workflow for the MTN Mobile Money (MoMo) fintech platform across all of its African operations.

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