MTN Rwandacell PLC welcomes Mr. Faustin Mbundu as the new Chairperson of the Board
MTN Rwandacell (“MTN Rwanda”) today announced the appointment of Mr. Faustin Mbundu as an Independent Non-Executive Director and Chairperson of the Board of Directors.
Mr. Mbundu takes over from Mrs. Evelyn Rutagwenda who retired having served on the Board for the past four (4) years as Chairperson. Mr. Mbundu joins MTN Rwanda Board of Directors with an abundance of experience as the owner of MFK Group, an investment company with a diversified portfolio of investments.
Welcoming the new Board Director and Chairperson, Mitwa Ng’ambi MTN Rwanda Chief Executive Officer commented, “We are extremely pleased with the appointment of Mr. Mbundu to our Board and the election of him as Chairperson. He comes with a wealth of experience in business and we look forward to receiving his guidance and tapping into his expertise. His entreprenueral background will play a vital role in executing our Ambition 2025 strategy, as we lead digital solutions for Rwanda’s progress.”
Mbundu has served on various Boards, including being the Chairperson of the Rwanda Private Sector Federation (PSF), as well as the East African Business Council (EABC), Chairman MBEA financial Services Rwanda, Chairman Katraco (Rwanda), the Vice-Chairman of the Rwanda Fine Coffee Association, to name a few.
Faustin Mbundu also commented on his appointment, stating “I am honoured to be joining MTN Rwanda Board of Directors, considering the 23 year journey of MTN in Rwanda and especially at a time when MTN Rwanda is rolling out the new Ambition 2025 strategy, which is already resulting in impressive results. I look forward to continuing the remarkable work Mrs. Evelyn Rutagwenda and the outgoing Board of Directors accomplished and being a part of MTN’s mission to ensure everyone enjoys the benefits of a modern connected world.”
Concluding, Ng’ambi expressed gratitude to outgoing Chairperson Rutagwenda saying “Mrs. Evelyn Rutagwenda played an instrumental part in our success for the past fours years, and it goes without saying that her active participation, dedication and continued support resulted in our year on year growth across the entire business.”
About MTN Rwandacell
MTN Rwandacell Plc (MTN Rwanda) is the market leader in mobile telecommunications in Rwanda. Since 1998, we have continuously invested in expanding and modernising our network and are the country’s No 1 network. MTN Rwanda offers various services to subscribers, including innovative propositions such as personalised voice and data offers with MTN Irekure. The company is also the front runner in mobile financial services in Rwanda with Mobile Money, MoMoPay and MoKash Loans and Savings.