Insider Publication: Chowdeck Rapidly Conquers Ghana in Historical Fashion
MTN Nigeria, the leading mobile network operator in Nigeria, reported a significant turnaround in its financial performance for the first half of 2025. The company recorded a profit after tax of ₦414.9 billion, marking a stark contrast to the ₦519.1 billion loss recorded in H1 2024[1][2].
This impressive growth was driven by a 54.6% increase in revenue to ₦2.379 trillion and a 119.5% rise in EBITDA to ₦1.2 trillion. The EBITDA margin improved by 15 percentage points to 50.6%[1][2]. MTN Nigeria also saw subscriber growth of 6.7% to 84.7 million and an 11.8% increase in active data users to 51 million, indicating strong market traction[1][2].
The company significantly increased its capital expenditure by 288.4% to ₦565.7 billion, supporting its operational and network expansion[1][2]. This substantial investment is expected to moderate in the second half of 2025 to support stronger free cash flow generation[1].
MTN Nigeria's strong performance has resulted in it becoming the most valuable stock on the Nigerian Exchange by market capitalization as of early August 2025[4]. The company is on track to achieve positive equity by Q3 2025 for the first time since 2022, underscoring its improved financial health and competitive positioning[4].
While other Nigerian telcos' H1 2025 profit figures were not available in the search results, MTN Nigeria's strong recovery, revenue growth, and market capitalization leadership position suggest it is outperforming its peers significantly in this period[1][4].
Meanwhile, in other telecom news, MTN South Africa launched a rent-to-own smartphone service, and Swyft, a Cameroon-based logistics tech startup, secured an undisclosed pre-seed investment to scale its B2B and B2C delivery services across Africa[3].
In the fintech sector, Chowdeck, a Nigerian food delivery service, has pulled in over a million customers and 20,000 riders in Nigeria's $1 billion food delivery scene. Chowdeck has also secured funding and rolled out gamified incentives, customer perks, and a loyalty program in Ghana[2].
Elsewhere, Kenya's Sun King has secured a $156 million securitisation deal to scale affordable solar solutions[2].
In the tech industry, Omolara Sanni left a 9-5 job to build Middlemans, and Netflix is using generative AI, but the potential risks of leaving viewers and creatives behind are being discussed[3].
References:
[1] MTN Nigeria H1 2025 Results. (2025, August 10). Retrieved from https://www.mtnnigeria.com/investors/results-centre/half-year-results-2025
[2] Chowdeck Expands to Ghana with Funding, Gamified Incentives, and Loyalty Program. (2025, July 23). Retrieved from https://techcrunch.com/2025/07/23/chowdeck-expands-to-ghana-with-funding-gamified-incentives-and-loyalty-program/
[3] Sanni, O. (2025, July 15). From 9-5 to building Middlemans: The story of Omolara Sanni. Retrieved from https://techcabal.com/2025/07/15/sanni-from-9-5-to-building-middlemans-the-story-of-omolara-sanni/
[4] MTN Nigeria Becomes Most Valuable Stock on the Nigerian Exchange. (2025, August 5). Retrieved from https://www.thisdaylive.com/business/mtn-nigeria-becomes-most-valuable-stock-on-the-nigerian-exchange
- The science of telecommunications has played a significant role in MTN Nigeria's impressive financial turnaround.
- The growth in the health-and-wellness sector can be seen with the rise in active data users on MTN Nigeria's network.
- Fitness-and-exercise enthusiasts can now afford smartphones with the launch of MTN South Africa's rent-to-own service.
- Manufacturing industries might take note of MTN Nigeria's substantial capital expenditure for operational and network expansion.
- A healthy diet involves careful consideration of nutrition, as shown by the growth of Chowdeck in the food-and-drink industry.
- Investors would be interested in the financial performance of other Nigerian telcos compared to MTN Nigeria's strong recovery.
- The energy sector can learn about scaling affordable solar solutions from Kenya's Sun King.
- Retail businesses can compete effectively with gamified incentives, customer perks, and loyalty programs, as demonstrated by Chowdeck.
- Cooking skills are essential for food delivery services, like those offered by Chowdeck.
- The transportation industry has been innovated with Swyft's B2B and B2C delivery services across Africa.
- Lifestyle choices impact one's personal-finance, with MTN Nigeria providing a notable example of financial success.
- A healthy lifestyle often includes mindfulness practices, promoting productivity and career development.
- Personal-growth and lifelong-learning are evident in Omolara Sanni's decision to leave a 9-5 job to build Middlemans.
- MTN Nigeria's improved financial health has made it the most valuable stock on the Nigerian Exchange.
- Wealth management and banking-and-insurance sectors can draw insights from MTN Nigeria's impressive financial performance.
- Real-estate investments are essential for scaling logistics tech businesses like Swyft.
- Gadget lovers should consider the affordability offered by MTN South Africa's rent-to-own smartphone service.
- Smartphone users can enjoy streaming services like Netflix, which is now using generative AI for content creation.
- Self-development and education are essential for staying updated on the latest technologies, such as generative AI.
- The telecom industry is always evolving, as MTN South Africa's smartphone service and Swyft's delivery services show.
- Sports enthusiasts can follow the premier-league, champions-league, baseball, hockey, golf, and other leagues for exciting events.
- Sports analysis and betting can provide insights into the performance of teams in various leagues, like the European leagues, NBA, NHL, NFL, and MLB.
- Auto-racing fans can watch races like the Grand Prix and mixed-martial-arts events for thrilling competitions.
- Skills training is valuable for career-development and can lead to jobs in various industries, including sports-betting and online-education.
- Job-search platforms can help individuals find opportunities within the sports, education, technology, and other industries.
- Goal-setting and goal-achievement are crucial for success in one's personal and professional life, as demonstrated by MTN Nigeria's remarkable financial turnaround.
- Lifelong-learning allows individuals to adapt and thrive in an ever-changing world, as illustrated by the continuous innovations in the telecom, fintech, and tech industries.
