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All about MTN
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Welcome to our 2025 Integrated Report
Our reporting suite
Our approach to integrated thinking and value creation
Our approach to materiality
About this report
An overview of MTN Group
Where we operate and how we perform
Views from our Chairman
Q&A with the Group President and CEO
Q&A with the Group CFO
Key financial tables
Our market context
Operational performance summary
Our outlook
Investment case – Transforming Africa's growth potential

How we create and preserve value
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Creating and preserving value through our business model
Outcomes and trade-offs
Material matters impacting value creation
Social, Ethics and Sustainability Committee Chair's review
Stakeholders with whom we partner to create value
Audit Committee Chair’s review
Risk Management and Compliance Committee Chair’s review
How we manage risk
Top risks to value creation
Delivering value through our strategy
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Finance and Investment Committee Chair’s review
Our Ambition 2030 strategy
Meaningful value delivered by Ambition 2025
Our strategic performance dashboard
Connectivity
Fintech
Digital infrastructure
Create shared value

Governance and remuneration
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Directors' Affairs and Governance Committee Chair’s review
Governance in support of value creation
Our Board of Directors
Governance in support of value creation
Our Executive Committee
Human Capital and Remuneration Committee Chair's review
Remuneration Report summary
Definitions for assured non-financial data
Independent assurance practitioner’s limited assurance report
Glossary
Administration
All about MTN

Our approach to integrated thinking and value creation

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MTN creates value by harnessing our scale, innovation and commitment to sustainability to deliver strong financial performance and drive long‑term growth across Africa's digital economy. Through integrated thinking, we connect our strategy, performance and sustainability priorities across all six capitals to ensure enduring value for all stakeholders.

At MTN, integrated thinking is the foundation of how we Accelerate impact and Empower Africa. It means recognising that connectivity is more than digital infrastructure – it is a catalyst for inclusive growth, innovation and resilience. By embedding this mindset into the usage of six capitals and our strategy, we ensure that performance, digital innovation and social progress are inseparable. As such, leveraging scale, innovation and sustainability is pivotal to our purpose-led value-creation story.

Driven by our purpose

Leading digital solutions for Africa’s progress

This reflects our commitment to unlocking sustainable growth by scaling digital and fintech platforms that drive inclusion, productivity and long-term value across our markets.

Creating shared value

Through our shared-value index we measure our impact, including our efforts to advance the SDGs, which target a sustainable society with a plan to end poverty, protect the planet and ensure equality for all by 2030. We are committed to bridging the digital divide, furthering financial inclusion to advance the attainment of the goals.

Read more on Our strategic performance and our SR

Our approach to integrated thinking image

Executing Ambition 2030 strategy

As we conclude our Ambition 2025 strategy, we are accelerating our transition into Ambition 2030 to drive the next horizon of sustainable growth and value creation.
See more on our strategy.

  • Platforms of choice for consumers, homes and businesses
  • Leading customer experience
  • Leveraging AI for growth
  • Creating shared value
  • Partnering responsibly
  • Ensuring good governance
  • Providing leading customer experience

Practising excellence in integrated reporting through

  • Assessing our material matters through double, dynamic materiality

  • Mapping and ranking our top risks

  • Reflecting how our strategy integrates throughout the business

Underpinned by the usage of our six capitals

Natural
Capital
Natural Capital image We responsibly manage environmental resources, reduce emissions and implement sustainable practices to minimise our ecological footprint and support climate resilience.
Financial
Capital
Financial Capita image We maintain strong financial resources through disciplined capital allocation, enabling investment in infrastructure, innovation and sustainable growth while delivering attractive returns to shareholders.
Intellectual
Capital
Intellectual Capital image We leverage our brand strength, proprietary technologies and strategic partnerships to create innovative solutions that meet evolving customer needs and support digital transformation.
Human
Capital
Human Capital image Our people are at the heart of our success. We invest in talent development, diversity and leadership to foster innovation and deliver exceptional customer experiences.
Manufactured
Capital
Manufactured Capital image Our extensive network infrastructure, data centres, and technology platforms form the backbone of connectivity and digital services, driving access and reliability across our markets.
Social
Capital
Social Capital image We build trust and long-term relationships with customers, regulators, communities and other stakeholders, ensuring shared value creation and inclusive progress.

Enabled by our values

Lead
with Care

Collaborate
with Agility

Act with
Inclusion

Can-do with
Integrity

Serve with
Respect

Our 2025 reporting suite theme:

'Accelerating Impact, Empowering Africa'

Our theme reflects our commitment to fast-track digital and financial inclusion, driving socioeconomic progress across the continent. Through our Ambition 2030 strategy, we are scaling connectivity, fintech and digital platforms to unlock opportunities for individuals, businesses and communities. By embedding sustainability and innovation into everything we do, we aim to create shared value, strengthen resilience and empower Africa to thrive in a modern, connected world.

Sustainability goals main image

Our primary SDG contribution areas for shared-value creation:

Sustainability goals image 1

Key indirect opportunities exist in the following SDGs:

Sustainability goals image 2