Big bonus for MTN Nigeria CEO
MTN Nigeria's CEO, Karl Toriola, received a $335,000 stock bonus tied to the company's performance and long-term targets.Summary
MTN Nigeria CEO Karl Toriola has been awarded $335,000 in shares as part of MTN Group’s performance-based compensation plan. This bonus, consisting of 28,700 units, is linked to long-term targets related to shareholder returns, cash flow, and ESG goals, meaning Toriola will only fully benefit if MTN continues to perform well. The award reflects Nigeria’s importance as MTN’s biggest profit engine and Toriola’s critical role within the group.
In other news, Totlesoft, a platform aiming to connect African talent with global work opportunities, has launched and already gained over 2,000 users. It offers a centralized space for remote jobs, microtasks, affiliate marketing, and paid research.
Additionally, Madica has committed up to $600,000 in investment to three startups – Kilimo Fresh, Hakimu, and Biovana – across Nigeria, Kenya, and Tanzania, focusing on agritech, legal tech, and health data, deliberately diversifying beyond the heavily funded fintech sector.
(Source：Techpoint Africa)