Browsing: Peter Ndegwa

www.theexchange.africa
  • MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022
  • Mulinge currently serves as Safaricom’s Chief Consumer Business Officer
  • She has been at Safaricom for 16 years, where she served in different capacities, including General Manager Enterprise Business Unit and Director Consumer Business Unit

Telecommunications company MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022.

Mulinge currently serves as Safaricom’s Chief Consumer Business Officer. She has been at Safaricom for 16 years, where she has served in different capacities. These include General Manager Enterprise Business Unit and Director Consumer Business Unit, before assuming the role of Chief Customer Officer in 2018. In July 2021, she took up the role of Chief Consumer Business Officer.

In a statement, South Africa’s MTN Group announced the appointment, saying she brings on board experience in transforming customers’ lives using technology.

“A seasoned executive, …

  • Safaricom has recorded a 12.01% increase in profit after tax to hit KSh37.06 billion
  • The growth in profitability was mainly driven by a 16.91% uptick in service revenue
  • This was on the back of a recovery in Mpesa revenues coupled with a slower 14.7% growth in total operating costs

Safaricom has recorded a 12.01% increase in profit after tax to hit KSh37.06 billion in the first half of 2021/2022, from KSh 33.06 recorded in a similar period last year.

The accompany has attributed the growth in profitability to a 16.91% uptick in service revenue on the back of a recovery in Mpesa revenues coupled with a slower 14.7% growth in total operating costs.

The firm’s CEO said the pandemic dealt a major blow to the economy in 2020 but they are encouraged with the gradual recovery recorded across major sectors of the economy including the agriculture, manufacturing and tourism sector.…