Sibiya replaces Toriola as MD of MTN Cameroon

By signing the licence renewal agreement on March 11, 2015 for MTN International, Nigerial Karl Toriola made one of the most significant moves in his three years at the help of MTN Cameroon.

Inside sources have revealed that, as of this April, South African native and professional accountant, Philisiwe Sibiya, will take the reins of the organisation.

Before her appointment, which actually took place weeks ago though it has not been formally announced due to intense on-going negotiations with the Cameroonian government and MTN’s local subsidiary concerning its 3G and 4G licence renewal, Philisiwe Sibiya held the position of Financial Director to MTN South Africa from July 2013.

The former Arthur Anderson employee will inherit a company that is dominating the mobile phone sector in Cameroon with a 59.4% market share thanks to 9.7 million subscribers – an indicator that has, however, declined by 1.6 million customers in the last quarter of 2014.

MTN quickly attributed the decline to an internal change in how subscriber volume is calculated.