MTN Rwandacell PLC (MTN Rwanda) has released the resolutions from the 2023 Annual General Meeting (AGM) that took place on 23/6/2023.
The AGM that took place for the 3rd time since MTN
Rwanda listed by introduction on the Rwanda Stock Exchange (RSE) on 4 May 2021,
received 51 percent quorum and was opened by Mr. Faustin Mbundu, MTN Rwanda
Chairperson of the Board of Directors.
Mr. Mbundu took the shareholders through the 2022
Integrated Report highlights stating “We have achieved significant progress so
far especially in driving digital and leading financial inclusion, and we hope
to continue working towards our key objectives. MTN Rwanda was able to achieve
noteworthy operational performance growth with GSM and Mobile Money (MoMo)
subscribers increasing by 5.9% and 16.3% respectively. The company’s total
revenue increased by 19.2% to RWF 224.27 billion and EBITDA increased by 20.8%
to RWF 108.39 billion.”
The Chairperson was also joined by MTN Rwanda Chief
Executive Officer, Mrs. Mapula Bodibe, MTN Rwanda Chief Finance Officer, Mr.
Mark Nkurunziza, MTN Rwanda General manager, Corporate Services and Company
Secretary, Ms. Sharon Mazimhaka, and representing external auditors from PwC,
Mr. Moses Nyabanda.
Mrs, Bodibe expounded on the Operational achievements
MTN Rwanda saw in 2022 commenting “We expanded our network infrastructure
further across Rwanda during the year, offering broader access to a modern
connected life. We rolled out 120 network new sites to bring our coverage to an
estimated 13 million people in the country. By the end of the 2022 fiscal year,
we had achieved 98.7% population coverage.”
Shareholders resolved the approval of the final
dividend distribution for the year ended 31 December 2022 of Rwf 7.04 per share
totaling Rwf 9,512,100,616 (Nine Billion, Five Hundred Twelve Million, One
Hundred Thousand Six Hundred and Sixteen Rwandan Francs) only.
Shareholders who were recorded in the Share Register
as of 09 June 2023 can expect to receive their dividends on 26 June 2023.
Other business that was resolved at the AGM included
the approval to appoint Ernst and Young Rwanda Limited as the Company External
Auditors and to authorize the board to fix their remuneration, the adoption of
the Integrated Annual Report, signed Audited Financial Statements for the year
ended 31 December 2022, as well as the re-election Directors of the Board.
The Board of Directors who were re-elected included
Mr. Faustin Mbundu, Ms. Karabo Nondumo, Mr. Adriaan Wessels, Mr. Michael
Fleisher, Mr. Julien Kavaruganda, Ms. Yolanda Cuba, Mrs. Mapula Bodibe and Mr.
Mark Nkurunziza.
MTN Rwandacell Plc (MTN Rwanda) is the market leader
in mobile telecommunications in Rwanda. Since 1998, we have continuously
invested in expanding and modernising our network and leading digital solutions
for Rwanda’s progress. As the country’s No 1 network, we offer various services
to subscribers, including innovative propositions such as personalised voice
and data offers for individuals and corporates with a clear vision to lead the
delivery of a bold, new digital world to our customers because we believe
everyone deserves the benefits of a modern connected life.
MTN has released the resolutions from the 2023 Annual
General Meeting (AGM) that took place on 23/6/2023. 
The Board of Directors who were re-elected included
Mr. Faustin Mbundu, Ms. Karabo Nondumo, Mr. Adriaan Wessels, Mr. Michael
Fleisher, Mr. Julien Kavaruganda, Ms. Yolanda Cuba, Mrs. Mapula Bodibe and Mr.
Mark Nkurunziza
Kin
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