MTN Group has pledged a substantial investment of $215 million over the next three years. The focus of this investment will primarily revolve around the construction and enhancement of MTN Benin, the telecom giant’s subsidiary office in the country.
This significant commitment was announced during a high-profile visit to Cotonou by a delegation led by Ralph Mupita, President and CEO of MTN Group, who engaged in discussions with Benin’s President, Patrice Talon.
Accompanying Mupita were key figures including Amadou Raimi, Chairman of MTN Benin; Ebenezer Asante, Senior Vice President for Markets; Uche Ofodile, CEO of MTN Benin; and Nompilo Morafo, Chief Sustainability and Corporate Affairs Officer at MTN Group.
MTN, operating in 19 markets with a staggering 292 million subscribers, has recently conducted successful trials of its 5G services in Benin, West Africa. Encouraged by the promising results, the company is now doubling down on its investment to explore the potential benefits of this cutting-edge technology for both the company and the nation.
CEO Mupita reiterated MTN’s commitment to being a catalyst for positive change in every market it operates in, emphasizing the company’s dedication to providing hope, dignity, and opportunities to people across the African continent.
Aligned with its mission, MTN aims to contribute significantly to Benin’s development by collaborating closely with the government and other stakeholders to empower and equip the country’s youth. With a commendable 25 years of operations, MTN Benin currently serves approximately eight million subscribers.
President Talon expressed gratitude for the dedication of the MTN Group delegation towards advancing development in Benin and across Africa. He also expressed openness to potential future collaboration with the telecommunications giant.
This announcement comes on the heels of MTN Group’s ambitious initiative unveiled in 2023, where the company pledged a staggering $3.5 billion investment in Nigeria’s economy over the next five years. This initiative aims to bolster MTN’s presence in Nigeria, the top revenue generator among its 19 markets. Additionally, MTN has pledged to rally other investors to contribute up to $1.5 trillion to Nigeria’s economy, further solidifying its commitment to the African continent’s economic growth and development.
