Business Chief ME+AFRICA Magazine November 2023 | Page 57

TOP 1O

RALPH MUPITA

MTN Group Market value : US $ 11.78bn Revenue 2022 : US $ 4.5bn
As President and CEO of Africa ’ s largest mobile operator since 2020 , Ralph Mupita has played a key role in strengthening the Group ’ s financial position , delivering the successful listing of the MTN Ghana , Nigeria , Rwanda and Uganda subsidiaries , and driving the Ambition 2025 strategy – designed to turn the operator into a diversified tech giant by 2025 .
A seasoned businessman with expertise in financial services , M & A and emerging markets , the Zimbabwe-born civil engineer first pivoted to finance before moving into telecoms . He spent 15 years at pan-African insurance and banking group Old Mutual South Africa , where he climbed the ranks to CEO of emerging markets . He then joined MTN in 2017 as finance chief before securing the top job just three years later .
Credit : AfDB Group businesschief . com 57