MTN Group has strengthened the leadership of its fintech and digital infrastructure platforms by appointing four non-executive directors to the boards of its MTN Group Fintech and Bayobab businesses.
The appointments, which include prominent industry figures, align with the company’s Ambition 2025 strategy, aimed at accelerating growth and enhancing its digital services across Africa.
Herman Bosman has been appointed as the independent chairman of the MTN Group Fintech board of directors.
Bosman, who brings extensive experience and leadership to the board, previously served as the CEO of Rand Merchant Investment Holdings and RMB Holdings. He holds a B. Com and LLM from the University of Johannesburg and is a chartered financial analyst at AIMR, US.
Joining Bosman on the MTN Group Fintech board as new independent non-executive directors are Nicky Newton-King and Nosipho Molope. Their appointments are expected to contribute significantly to the strategic direction and governance of the fintech business as it expands its influence in the African market.
Additionally, Jens Schulte-Bockum has been appointed as the non-executive chairman of Bayobab, MTN’s next-generation services company focused on connecting Africa with digital solutions. Schulte-Bockum’s leadership is anticipated to guide Bayobab in its mission to drive digital transformation across the continent.
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However, the MTN Group president and CEO Ralph Mupita emphasized the importance of these appointments in advancing the company’s strategic objectives.
“Building leading fintech and digital infrastructure platforms in Africa is a key part of the Ambition 2025 strategy. These appointments align with the focus of accelerating growth, completing the structural separations, and bringing in value-adding strategic partners into the shareholder bases of these businesses over the medium term,” said Mupita.
The appointments underscore MTN’s commitment to bolstering its leadership as it continues to build and scale its fintech and digital infrastructure initiatives across Africa.
