MTN Rwanda Revenue Rises by 21.9%, Profit Reaches Rwf 17.2 Billion

MTN Rwanda has announced that, during the first six months of 2026, its revenue from services increased by 21.9% compared with the same period last year, reaching Rwf 167.5 billion. Meanwhile, profit after tax reached Rwf 17.2 billion.

The telecommunications company said the growth was mainly driven by an increase in the number of users of its services, including voice calls, internet and Mobile Money.

MTN Rwanda’s subscribers increased by 11.4% to 8.7 million, while regular internet users increased by 14.5% to 2.7 million. Mobile Money users also increased by 14.9% to 6.4 million.

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Internet and Voice Services Drive Growth

Revenue from MTN Rwanda’s internet services increased by 14.3% to Rwf 26.7 billion. Internet usage also increased by 63.6%, driven by more customers adopting smartphones and the availability of affordable internet bundle promotions.

Revenue from voice services increased by 7.1%, mainly due to the growth in the number of subscribers and the recovery of interconnection rates that came into effect in August 2025.

MTN Rwanda Chief Executive Officer, Monzer Ali, said that although the company was pleased with its performance, the most important thing was the role these services play in the lives of Rwandans.

He said: “Every smartphone connected to a network, every entrepreneur paid through Mobile Money, and every family reached by our network represents another step towards a more connected, inclusive and technology enabled Rwanda.”

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MoMo Revenue Increases by 31.3%

Mobile Money Rwanda Ltd, a subsidiary of MTN Rwanda, also continued to make a significant contribution to the company’s performance. Its revenue increased by 31.3% to Rwf 90.1 billion, accounting for 53.8% of MTN Rwanda’s total service revenue, up from 49.9% during the first six months of 2025.

The number of merchants using MoMo increased by 19.2% to 682,000, while services such as money transfers and loans increased by 28.1%, accounting for 28.4% of MoMo’s total revenue.

To improve the livelihoods of Rwandans, MTN Rwanda has continued its activities under the “21 Days of Y’ello Care” initiative.

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MTN Rwanda Expands Healthcare Support

As part of its efforts to improve the well-being of Rwandans, MTN Rwanda continued its “21 Days of Y’ello Care” initiative, focusing in June 2026 on expanding access to healthcare services.

Under the programme, MTN Rwanda employees and its partners participated in the renovation of the maternity services building and the expansion of the laboratory at Kigese Health Centre, located in Rugarika Sector, Kamonyi District. The health centre serves approximately 61,000 people and receives between 50 and 60 expectant mothers for delivery every month.

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Company Plans Further Investment

MTN Rwanda announced that, during the second half of 2026, it will continue investing in expanding and improving its network, developing MoMo services and supporting Rwanda’s efforts to build a technology-based economy.