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00:00 Now, Carl Turula, the Chief Executive Officer of MTN Nidra, says following the completion
00:05 of the first phase of the sell-down of MTN Group's shares, the brand is committed to
00:10 allowing more Nigerians to partake in its value creation process.
00:14 Speaking with CNBC Africa, he says the partnership with the Nigerian exchange is all about digitising
00:19 access to the capital market.
00:23 We strive to lead in every conversation that we have, whether it's compliance, gender balance
00:29 or very, very important sustainability.
00:31 And it gives me a sense of pride that we're in this leadership position.
00:34 But it's not about being in a leadership position.
00:37 It's not about the pride of the institution.
00:40 It's about building a business that is aligned to the progress of the environment and the
00:47 people with which we operate.
00:50 Sustainability is about giving back and shared value, giving back to the society we operate
00:55 in, shared value, and using that to build a sustainable business in so many ways.
01:00 What do we mean by that?
01:02 We are helping our communities to progress.
01:06 That empowers them economically, that allows them to grow, that allows them to become digital.
01:11 And that comes back to MTN, because as our economy and our communities grow, they spend
01:16 more on our services.
01:17 They're closer aligned to us.
01:18 So we're very proud.
01:20 But this capital market is a lot more about a lot more than sustainability.
01:24 It's about the tremendous growth opportunity on the four or five different curves and trajectories
01:30 of growth that we have in MTN.
01:32 We've seen a major shift in MTN in terms of ownership of the business.
01:38 And that takes me to the retail investment drive by MTN.
01:42 And more importantly, it's the fact that MTN is trying to see how its shares can be owned
01:48 by every man on the street and also drive growth.
01:51 Now, this is very important because this is helping to broaden the participation in the
01:56 Nigerian capital market.
01:57 What are we looking at in the short to midterm regarding more retail investments coming on
02:01 board through MTN?
02:02 So, I mean, we did just phase one of the sell down of MTN Group shares.
02:07 And it was always very clear that MTN wanted to sell down their shares to down to 65 percent
02:12 with a primary focus on retail investors.
02:15 Why?
02:16 Because the value creation that MTN experiences, we want to share it with as many Nigerians
02:19 as possible.
02:21 We did the offer.
02:23 It was the first digital offer.
02:25 I suspect that all offers going forward will be digital.
02:28 And I know for sure any future MTN offers will be digital.
02:32 That makes it easy.
02:34 That makes it quick.
02:36 And that allows anybody to subscribe and participate in the shareholding.
02:42 And it's all part of our sustainability drive.
02:45 Because we are creating value for the company, the current owners, we want more of Nigerians
02:49 to participate in that value creation.
02:51 We're seeing a partnership with the NGX and that's very, very important because that's
02:54 also going to drive participation in the Nigerian capital market to every Nigerian, every meaningful
03:01 Nigerian who is ready to invest.
03:02 So walk us through what this partnership is about and what is the major targets of this
03:07 partnership?
03:09 Make it very, make it as simple as possible.
03:11 It's about digitizing access to the capital markets.
03:14 It's about allowing the common man on the streets with two, three steps on his mobile
03:18 phone to subscribe to offers, to buy shares, to trade, to sell shares, to find out what's
03:24 happening in the markets, who's trading, who's rising, who's falling, who has the most volumes
03:30 of trade, etc.
03:31 It makes it very, very easy.
03:32 Before you had to fill forms, go through cycles of this, that now on your mobile phone you
03:37 can execute everything in two minutes.