{"id":2000111690,"date":"2026-05-12T14:27:48","date_gmt":"2026-05-12T12:27:48","guid":{"rendered":"https:\/\/new.igihe.com\/english\/?p=2000111690"},"modified":"2026-05-13T15:40:21","modified_gmt":"2026-05-13T13:40:21","slug":"mtn-rwanda-delivers-strong-first-quarter-performance-with-466-6-profit-rise","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/mtn-rwanda-delivers-strong-first-quarter-performance-with-466-6-profit-rise\/","title":{"rendered":"MTN Rwanda delivers strong first-quarter performance with 466.6% profit rise"},"content":{"rendered":"\n

The telecom operator announced on Monday that its service revenue grew by 21.2% year-on-year to Rwf 81.4 billion, as more customers adopted digital and financial services on its network.<\/p>\n\n\n\n

The company said the performance reflected \u201cdisciplined commercial execution\u201d within what it described as a supportive regulatory environment that continues to encourage investment and innovation in Rwanda\u2019s digital economy.<\/p>\n\n\n\n

MTN Rwanda\u2019s subscriber base increased by 10.6% to 8.4 million customers during the quarter. Active data users rose by 19.6% to 2.7 million, while monthly active mobile money users grew by 20.5% to 6.3 million.<\/p>\n\n\n\n

Mobile money remained the company\u2019s strongest revenue driver, growing by 30.2% and contributing 52.7% of total service revenue.<\/p>\n\n\n\n

Transaction volumes on the MoMo platform increased by 32% during the quarter, reflecting growing reliance on digital payments among individuals and businesses.<\/p>\n\n\n\n

The company said more than four million customers are now transacting through MoMoPay, as digital financial services continue gaining traction across the country.<\/p>\n\n\n\n

During the quarter, Mobile Money Rwanda also launched \u201cMoFlex\u201d, a flexible credit product developed in partnership with Ecobank Rwanda Plc and Yabx, aimed at expanding access to credit for individuals and businesses.<\/p>\n\n\n\n

Chantal Kagame, Chief Executive Officer of Mobile Money Rwanda Limited, said customer trust in MoMo services continues to drive growth beyond payments into broader financial services.<\/p>\n\n\n\n

\u201cBeyond payments, we are deepening access to financial services, enabling businesses, supporting lenders and creating practical solutions that work for every Rwandan,\u201d she said.<\/p>\n\n\n\n

Data revenue rose by 10.7%, supported by a 64.7% increase in data traffic as more subscribers migrated from 3G to 4G smartphones. Smartphone penetration on the network reached 44.9%.<\/p>\n\n\n\n

Voice revenue also recovered strongly, increasing by 8.2% after the reintroduction of mobile termination rates, which the company said helped restore commercial balance in the interconnect market.<\/p>\n\n\n\n

MTN Rwanda Chief Executive Officer Monzer Ali said Rwanda\u2019s regulatory framework continues to provide confidence for long-term investment and expansion.<\/p>\n\n\n\n

\u201cWith a clear policy direction and unwavering focus on equality of access to digital services for all Rwandans, investment decisions are easier and we can focus on what matters most: product innovation, providing quality customer experience and delivering second to none connectivity operations,\u201d he said.<\/p>\n\n\n\n

The company\u2019s earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 32.8% to Rwf 34 billion, while EBITDA margins improved to 41.5%.<\/p>\n\n\n\n

MTN Rwanda also invested Rwf 11.2 billion in capital expenditure during the quarter to expand network coverage and improve service quality.<\/p>\n\n\n\n

Beyond commercial performance, the telecom firm continued supporting Rwanda\u2019s digital agenda through partnerships in education and skills development.<\/p>\n\n\n\n

During the quarter, MTN Rwanda signed a memorandum of understanding with Rwanda\u2019s Ministry of Education to explore digital solutions for the education sector and launched a Digital Skills for Digital Jobs platform under the MTN Skills Academy.<\/p>\n\n\n\n

The academy offers free access to more than 500 courses in digital literacy, data analytics and financial capability.<\/p>\n\n\n\n

\"\"
MTN Rwanda Chief Executive Officer Monzer Ali said Rwanda\u2019s regulatory framework continues to provide confidence for long-term investment and expansion.
<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

MTN Rwanda recorded a sharp rise in profitability in the first quarter of 2026, with profit after tax increasing by 466.6% to Rwf 8.3 billion, supported by growth across voice, data and mobile money services.<\/p>\n","protected":false},"author":3,"featured_media":2000111691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[151,72],"byline":[160],"hashtag":[],"class_list":["post-2000111690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-editors-choice","tag-featured-news-home","byline-theophile-niyitegeka"],"bylines":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":3}],"contributors":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":3}],"featured_image":{"id":2000111691,"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/f8obde2w0aazna5-c5103.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":600,"height":400,"sizes":{"thumbnail":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/f8obde2w0aazna5-c5103.jpg","width":150,"height":100},"medium":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/f8obde2w0aazna5-c5103.jpg","width":300,"height":200},"medium_large":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/f8obde2w0aazna5-c5103.jpg","width":600,"height":400},"large":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/f8obde2w0aazna5-c5103.jpg","width":600,"height":400},"full":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/05\/f8obde2w0aazna5-c5103.jpg","width":600,"height":400}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000111690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=2000111690"}],"version-history":[{"count":1,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000111690\/revisions"}],"predecessor-version":[{"id":2000111693,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000111690\/revisions\/2000111693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000111691"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=2000111690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=2000111690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=2000111690"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=2000111690"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=2000111690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}