MTN Group has appointed four nonexecutive directors to the boards of its MTN Group Fintech and Bayobab businesses.

Appointed to the board of MTN Group Fintech is Herman Bosman as independent chairperson, effective July 1, as well as Nicky Newton-King and Nosipho Molope as independent nonexecutive directors, both effective September 1.

Former MTN Group chief operating officer Jens Schulte-Bockum has been appointed nonexecutive chairperson of Bayobab, effective September 1.

“Building leading fintech and digital infrastructure platforms in Africa is a key part of the Ambition 2025 strategy. These appointments align with the focus of accelerating growth, completing the structural separations and bringing in value-adding strategic partners into the shareholder bases of these businesses over the medium-term,” MTN Group president and CEO Ralph Mupita said in a statement issued on Wednesday.

Bosman brings a wealth of experience and leadership to the MTN Group Fintech board, having previously served as the CEO of Rand Merchant Investment Holdings and RMB Holdings.

He holds BComm and LLM from the University of Johannesburg and is a chartered financial analyst at AIMR, US.

“His understanding of the financial services industry and strategic acumen will be invaluable in guiding MTN’s fintech strategy and operations,” Mupita said.

Newton-King also serves as an independent nonexecutive director for MTN Group and is a former CEO of the Johannesburg Stock Exchange, bringing extensive experience in legal, business, capital markets, banking and regulation.

Molope, who also serves as an independent nonexecutive director for MTN Group, has extensive experience in MTN operations, having previously served on operating company boards across several markets, including South Africa, Cameroon, Uganda and Zambia, besides others.

A former CFO of the Financial Services Board in South Africa with extensive board experience with South African-listed companies, Molope will chair the audit and risk committee of the Group Fintech board.

Schulte-Bockum, a nonexecutive director of Bayobab since 2021, brings a wealth of experience and knowledge of digital infrastructure businesses across Europe and Africa.

“The MTN Group is committed to fostering innovation and expanding its fintech services to enhance the lives of millions of people across Africa. The addition of these esteemed professionals as directors of these boards will further strengthen MTN’s position as leading in digital solutions for Africa’s progress.”