MTN Group It has committed to invest $215 million worth of infrastructure in the Republic of Benin over the next three years. The investment will primarily focus on the construction of MTN Benin, a subsidiary of the telecommunications company.
The commitment was announced when a delegation led by MTN Group President and CEO Ralph Mupita visited Cotonou and met with Benin’s President Patrice Talon.
Notable attendees at the meeting included Amadou Raimi, Chairman of MTN Benin; Ebenezer Asante, Senior Vice President, Markets; Mr. Uche Ofodile, CEO of MTN Benin. Nompiro Molafo, MTN Group Chief Sustainability and Corporate Affairs Officer, said:
MTN currently operates in 19 markets with approximately 292 million subscribers and has successfully trialled 5G services in Benin, West Africa. The promising results prompted the company to make significant investments to explore the potential benefits this technology could bring to both the company and the country.
CEO Mupita expressed MTN’s dedication to providing hope, dignity and opportunity to people across the African continent, and reiterated the company’s commitment to making a positive impact in every market it serves. emphasized.
In line with its mission, MTN aims to contribute to Benin’s development by empowering and equipping Benin’s youth in collaboration with the government and other stakeholders. After his 25 years of operation, MTN Benin currently serves approximately 8 million subscribers.
President Talon expressed his gratitude to the MTN Group delegation for their dedication to promoting development in Benin and the continent as a whole. He also expressed his openness to the possibility of cooperation with telecommunications companies in the future.
In 2023, MTN Group announced an ambitious commitment to invest $3.5 billion in the Nigerian economy over the next five years, with the aim of significantly strengthening its presence in Nigeria. The company also pledged to mobilize other investors to contribute up to $1.5 trillion to the country’s economy. This significant investment highlighted the pivotal role of his MTN Nigeria within the group, with MTN Nigeria emerging as his largest revenue source among his 19 markets in 2023.
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