MTN rides African tailwinds and smartphone penetration
Daily Maverick | 14.06.2026 21:27
MTN hosted a capital markets day this week, 10–11 June, where it leant into a clear structural tailwind: a statistic that smartphone penetration in Africa is expected to jump from 53% in 2025 to 84% in 2030. In other words, there are good reasons to believe that MTN can grow even if it doesn’t gain market share. Assuming the macroeconomics play ball, of course. More on that later.
