MTN Outlines Growth Ambitions with New Appointment in Nigeria

MTN recruited Stephen van Coller to run its Strategy and Mergers and Acquisitions unit, with the appointment designed to support its efforts in enterprise, financial services and media and entertainment.

Van Coller, most recently CEO of corporate and investment bank Barclays Africa Group, will start his new role on 1 October 2016, joining as the fourth VP of the group.

In a statement recently, MTN said it is confident that van Coller’s appointment “will be instrumental in helping the group realize its ambitions and commitments”, with the company looking into expansion across mobile financial services, media and entertainment.

For the most part of the last year, the company has been dealing with a row with the Nigerian government, which initially ordered it to pay $5.2 billion for failing to register almost 5.1 million subscribers using its network.

After months of negotiations, it settled to pay a reduced $1.7 billion in fines, and last month also announced the appointment of Vodafone’s Rob Shuter as its new CEO, as it begins to move on from the dispute.
Source: Mobile World Magazine 6 July 2016

Dark Fibre Africa appoints Stern as new CFO

Dark Fibre Africa (DFA) has appointed Cilliers Steyn as its new chief financial officer. Steyn moves to DFA from his position as CEO of Community Investment Ventures Holdings, of which DFA is a subsidiary, and will take over from Thinus Mulder. Mulder has taken the position of permanent CEO, following Gustav Smit stepping down. Steyn has a keen understanding of DFA, having been with Community Investment Ventures Holdings for 17 years.