The development comes hours after the telecom giant closed its first public offering of millions of shares held by MTN Group.
MTN
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Ugandan tycoon Charles Mbire gains $1.2 million as stake in MTN Uganda surges above $51 million
The share price in the leading telecom company has increased by a single digit in just two days.
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Foreign telecom companies will soon be able to launch mobile phone-based financial services.
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Nhleko will serve as a member of the remuneration, nominations and deal Committees.
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After a six-month pilot program, Nigerian payments platform Paystack has launched operations in South Africa.
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MTN and Safaricom are fighting to clinch market share in the Ethiopian telecom sector.Â