MTN insurance unit passes 12-million customer mark

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Group is seeking to capitalise on African countries with low insurance penetration

MTN, which has been pursuing new areas of growth beyond its traditional mobile business, says its microinsurance unit now has more than 12-million users as it seeks to capitalise on African countries with low insurance penetration.

MTN has been on a strong push in recent years to diversify its business, pursuing new revenue streams in mobile data, technology and related communications services to businesses, wholesale network services, fintech and digital services...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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Let's hope it adds value to growth, earnings, dividends and the share price.

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