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MTN Revamps Board With a Who's Who of African Heavyweights

  • Former South Africa deputy finance minister to become chairman
  • Nigeria’s ex-central banker Sanusi to become a non-executive
Mcebisi Jonas.
Mcebisi Jonas.Photographer: Waldo Swiegers/Bloomberg
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MTN Group Ltd. appointed former South Africa Deputy Finance Minister Mcebisi Jonas as chairman and Nigeria’s ex-central bank Governor Lamido Sanusi as a non-executive director as part of boardroom shake up at Africa’s biggest wireless carrier.

Jonas, 59, will replace Phuthuma Nhleko, who plans to step down in December after almost two decades as chairman or chief executive officer of the Johannesburg-based company. The ex-lawmaker has taken on more corporate roles since being removed by then-President Jacob Zuma in 2017, and was made a non-executive director at MTN last year.