MTN Group plans to invest $215 million in Benin’s infrastructure following the completion of a significant 5G experiment. You should be aware that part of the infrastructure investment is expected to be the building of MTN Benin, the telecommunications company’s subsidiary office.
MTN Group Invest $215 Million in Benin’s Infrastructure
Amadou Raimi, Chairman of MTN Benin; Ebenezer Asante, Senior Vice President for Markets; Uche Ofodile, CEO of MTN Benin; and Nompilo Morafo, MTN Group Chief Sustainability and Corporate Affairs Officer, were among the prominent MTN leaders present at a recent meeting.
MTN, which has 292 million members and is present in 19 markets, tested its 5G services in Benin and found positive results. The company’s large investment in the nation is an attempt to investigate potential advantages for MTN and Benin.
MTN’s Mission to Positively Impact Every Market It Operates In
Mupita, the CEO of MTN, highlighted the company’s goal to have a positive influence on each market it serves by working to provide Africans on the continent opportunity, dignity, and hope. By working with the government and other stakeholders to upskill and empower the local youth, MTN hopes to boost development initiatives in Benin. Approximately eight million subscribers are being served by MTN Benin, which has been in business for 25 years.
The Reaction of the President of Benin
The MTN Group delegation was praised by Benin’s President Talon for their dedication to the continent of Africa’s growth. He said that he was open to working with the telecom provider in the future.
MTN Group Announced Plans to Invest $3.5 Billion in Nigeria’s Economy over the Next Five Years
In a larger context, MTN Group deepened its investments in Nigeria in 2023 when it announced plans to invest $3.5 billion in the country’s economy over the following five years. Additionally, the corporation wants to raise up to $1.5 trillion in new investments for Nigeria’s economy. This pledge is important for MTN Nigeria, which among its 19 markets generated the most revenue for the MTN Group in 2023.
