MTN’s largest business aims to grow revenue by at least a fifth even as high inflation, elevated interest rates and cash shortages continue to be risks on operations. 

“We will continue to monitor our trading environment as the year unfolds and manage the near-term effects of inflation and foreign exchange rates on the business,” MTN Nigeria CEO Karl Toriola said as the unit reported earnings for the first quarter of 2023. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.