• Latest
  • Trending
MTN Rwanda earned $102,000 in H1 2023.

MTN Rwanda earned $102,000 in H1 2023.

August 16, 2023
Jiji’s expansion in Africa: Anton Volianskyi on scaling, trust, and the future of e-commerce

Jiji’s expansion in Africa: Anton Volianskyi on scaling, trust, and the future of e-commerce

September 26, 2025
Healthcare Innovation Summit Africa 2025 returns to Johannesburg with focus on digital transformation

Healthcare Innovation Summit Africa 2025 returns to Johannesburg with focus on digital transformation

September 26, 2025
Pearl Nkrumah becomes the first female MD of Access Bank Ghana

Pearl Nkrumah becomes the first female MD of Access Bank Ghana

September 26, 2025
Verto opens new strategic hub in Nairobi to simplify global trade for emerging markets

Verto opens new strategic hub in Nairobi to simplify global trade for emerging markets

September 26, 2025
Revolut seeks South African banking license

Revolut seeks South African banking license

September 26, 2025
Nokia, Nscale partner to facilitate the deployment of AI infrastructure

Nokia, Nscale partner to facilitate the deployment of AI infrastructure

September 26, 2025
PayPal commits $100 million to boost digital economy in Middle East and Africa

PayPal commits $100 million to boost digital economy in Middle East and Africa

September 26, 2025
Mastercard, Smile ID partner to launch fraud-prevention digital identity solutions

Mastercard, Smile ID partner to launch fraud-prevention digital identity solutions

September 26, 2025
Google combines Android and ChromeOS for a new PC system

Google combines Android and ChromeOS for a new PC system

September 26, 2025
Orange Egypt partners with mnGm to introduce gold trading via mobile wallets

Orange Egypt partners with mnGm to introduce gold trading via mobile wallets

September 26, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

MTN Rwanda earned $102,000 in H1 2023.

Modupeoluwa Olalere by Modupeoluwa Olalere
August 16, 2023
143 7
0
MTN Rwanda earned $102,000 in H1 2023.
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

MTN Rwanda released its unaudited financial data for the first half of 2023. Since last year, the telco’s service income has gone up by 14.7%. 

The company’s service income, number of mobile money customers, number of active internet subscribers, and more all went up.

Between H1 2022 and H1 2023, its service income went from Rwf 105 million ($89k) to Rwf 120 million ($102k). The money that MTN makes from its base transmission station (BTS) is called “service revenue.”

The carrier got more people to sign up for mobile service. 7 million people had signed up for it, the story said. Year over year, the amount before ($6.6 million) went up by 6%.

RelatedPosts

MTN Nigeria gets NCC’s approval to lease frequency spectrum from T2 Mobile

Rwanda launches first self-flying electric air taxi in Africa

MTN, ZTE deploy first 5-band Remote Radio Unit in South Africa’s Western Cape Province

In one year, the number of active internet users went from 2.2 million to 2.3 million, an increase of 5.1%. It made more people use MoMo, which is a banking tool owned by a company. Rwanda will have 4.4 million MoMo users in the first half of 2023, which is 14.4% more than in the first half of 2022. Last year, it was used by 3.9 million people.

To be clear, mobile users are people who have used their phones for at least 90 days. MTN puts together users of both the internet and MoMo who have done something in the last 30 days.

Read also: Safaricom Ethiopia appoints MTN Uganda CEO as its new boss

MTN Rwanda remains positive

The first half of 2023 saw “solid financial performance” for MTN Rwanda, according to CEO Mapula Bodibe. She also said it indicated that the corporation was determined to lead in providing digital solutions to help the country grow.

In the past month, 4G LTE has been made available in eighty percent of MTN Rwanda’s locations. The previous month, Airtel followed suit. This put an end to KTRN’s monopoly in the 4G market.

Up until recently, KTRN provided MTN, Airtel, and other companies with wholesale 4G services. This transaction will no longer be valid now that their services are available to the public.

MTN Announces Skills Academy

Bodibe went over the business plan for the telco’s second half. She went on to say that MTN Rwanda would be concentrating on mobile money services. The addition of more MoMo users will be beneficial for Rwanda’s company.

Rwanda is working towards becoming a cashless society, much like many other countries in Africa. The importance of MoMo and other financial businesses now operating in the country cannot be overstated. By 2023, MTN Rwanda’s network will be accessible to 99% of the population.

Tags: MTNRwanda
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.