MTN Rwandacell gets new Board Chairperson

On 31 August 2021 at 03:22

MTN Rwandacell has announced the appointment of Faustin Mbundu as an Independent Non-Executive Director and Chairperson of the Board of Directors.

Mbundu takes over from Mrs. Evelyn Rutagwenda who retired after serving the board for the past four years as chairperson.

Mbundu joins MTN Rwanda Board of Directors with experience as the owner of MFK Group, a company with diverse investment portfolio.

As she welcomed the new Board Director and Chairperson; the CEO of MTN Rwanda, Mitwa Ng’Ambi said: "We are extremely pleased with the appointment of Mr. Mbundu to our board and his election as chairperson. He comes with a wealth of experience and we look forward to receiving his guidance and tapping into his expertise. His entrepreneurial 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 East African Business Council (EABC), Chairman of MBEA Financial Services Rwanda, Chairman of Cotraco Rwanda and the Vice Chairman of the Rwanda Fine Coffee Association among others.

Commenting on his appointment, Mbundu said: " 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 2015 strategy ,which is already resulting in impressive results. I look forward to continuing the remarkable work Mrs. Evelyn Rutagwenda and the outgoing Board of Board of Directors accomplished and being part of MTN’s mission to ensure everyone enjoys the benefits of a modern connected world."

As she concluded, Ng’Ambi expressed gratitude to the outgoing Chairperson Rutagwenda saying: " Mrs. Evelyn Rutagwenda played an instrumental part in our success for the past four years, and it goes without saying that her active participation, dedication and continued support resulted in our year in year growth across the entire business."

Faustin Mbundu has been appointed an Independent Non-Executive Director and Chairperson of the Board of Directors of MTN Rwandacell.