By Spy Uganda
The South African based MTN Group has been named the most valuable African brand in the Brand Finance Africa (BFA) 150 2020 ranking, with a value of US$3.3 billion.
Brand value is said to be the net economic benefit that a brand owner would achieve by licensing the brand in the open market. In its survey, Brand Finance Africa revealed that over the last years, Africa’s largest mobile operator has celebrated solid profits and impressive subscriber growth.
The survey assessed the impact of COVID-19 on the enterprise value of all brands in its survey, compared to their values on January 1, 2020.
The survey categorized the telecoms sector as ‘limited impact’, which it said meant “minimal brand value loss or potential brand value growth. This was due to the increasingly important role that mobile operators have played in keeping people connected in the time of the pandemic.
In July, Brand Finance named MTN Group the most valuable South African brand, a result of the group’s focus on improving the customer experience for subscribers, as well as uniting 19000 employees around a shared belief adding that everyone deserves the benefits of modern connected life.
According to the survey, other top valuable African brands include, Vodacom which scooped the second position, Standard Bank, Absa bank among others.
Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to more than 260 million customers. We are inspired by our belief that everyone deserves the benefits of modern connected life.