MTN Group, Africa’s largest telecommunications operator, has announced a significant leadership reshuffle and raised its midterm service revenue growth target. These strategic moves are part of the company’s efforts to accelerate its growth and adapt to the evolving telecommunications landscape across Africa and the Middle East.
Leadership Changes to Drive Strategic Goals
Effective November 1, 2025, MTN Group will implement several key leadership changes aimed at strengthening its operations and strategic focus:
Ferdi Moolman Takes Over as CEO of MTN South Africa
Ferdi Moolman will succeed Charles Molapisi as the CEO and Executive Director of MTN South Africa. Moolman, currently serving as the Group Chief Risk Officer, brings extensive experience, having previously led MTN Nigeria from 2016 to 2021. His appointment is expected to provide strong leadership and drive the company’s growth in South Africa.
Charles Molapisi Returns to Technology Role
Charles Molapisi will return to his former role as the Group Chief Technology and Information Officer. In this capacity, he will focus on accelerating the adoption of artificial intelligence (AI) across the business, particularly in network operations, customer service, and workforce productivity.
Tsholofelo Molefe Expands Responsibilities
Tsholofelo Molefe, the Group Chief Financial Officer, will now oversee the mergers and acquisitions (M&A) portfolio. This consolidation aims to align capital allocation with MTN’s long-term growth priorities.
Kholekile Ndamase Shifts Focus to Capital Allocation
Kholekile Ndamase, the current Chief M&A and Business Development Officer, will step down from the group executive committee and report directly to Molefe, focusing on managing the capital allocation framework.
Karl Toriola Takes on Additional Role
Karl Toriola, CEO of MTN Nigeria, will take on additional responsibilities as the Vice President of Francophone Africa. He will oversee key markets including Cameroon, Côte d’Ivoire, Benin, and Congo Brazzaville, while continuing his role in Nigeria.
Yolanda Cuba Appointed Deputy CEO of MTN South Africa
Yolanda Cuba, currently the Vice President for Southern and East Africa, will step down from the group executive committee to become the Deputy CEO and Executive Director of MTN South Africa.
Ismail Jaroudi to Focus on Special Projects
Ismail Jaroudi, the current Vice President for the Middle East and North Africa, will assume the role of Vice President of Special Projects in the office of the Group President and CEO. He will focus on portfolio optimization initiatives while continuing his role as CEO of MTN Dubai.
Strategic Focus on Core Platforms
These leadership changes are part of MTN Group’s broader strategic review, which includes a renewed focus on three core platforms: connectivity, fintech, and digital infrastructure. The company aims to leverage its expertise and resources to drive growth and innovation in these areas, adapting to the shifting geopolitical, macroeconomic, and technological landscapes.
Financial Performance and Outlook
MTN Group’s decision to raise its midterm service revenue growth target follows a strong financial performance in the first half of 2025. The company reported a significant increase in earnings per share, reflecting its successful strategies and operational efficiencies.
By implementing these leadership changes and strategic initiatives, MTN Group aims to position itself for sustained growth and value creation in the competitive telecommunications market.
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