• Thursday, February 29, 2024
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MTN Group plans $215m investment in Benin Republic’s telecom infrastructure

MTN Group plans $215m investment in Benin Republic’s telecom infrastructure

MTN Group has made its commitment to invest $215 million in the Republic of Benin over the next three years to bolster telecommunications infrastructure.

This announcement was made during a high-profile leadership visit to Cotonou, where MTN Group President and CEO Ralph Mupita. Amadou Raimi, MTN Benin Chairman. Ebenezer Asante, Senior Vice President for Markets. MTN Benin CEO Uche Ofodile and MTN Group Chief Sustainability and Corporate Affairs Officer Nompilo Morafo engaged in discussions with President Patrice Talon.

In a statement released by the company on Tuesday, the substantial financial commitment is part of MTN Group’s broader strategy to advance and fortify telecom infrastructure in the West African nation, as well as enhance connectivity and technological capabilities across the region.

Ralph Mupita, MTN Group CEO emphasised MTN’s dedication to being a force for good in African markets, providing hope, dignity, and opportunities. “We are grateful for the warm reception received in Benin, where we have trialled 5G services and see opportunities to progress this.

As part of the investment, MTN Group is not only committing to advancing telecom infrastructure but also plans to build a state-of-the-art office for its subsidiary, MTN Benin.

“We are committed to the development and upskilling of the Beninese youth and have made clear our desire to partner with the government and other stakeholders in this regard,” Mupita added.

MTN Benin, with approximately eight million subscribers, marks a quarter of a century of operations, and the investment signifies a long-term commitment to the country’s development and progress.

President Patrice Talon expressed gratitude to the MTN delegation for their commitment and looked forward to future collaboration. The visit comes at a crucial time as MTN Benin explores opportunities to further develop and implement 5G services, contributing to the technological advancement of the nation.

“The $215 million investment is poised to significantly contribute to Benin’s telecommunications sector, fostering economic growth, job creation, and the overall development of the country’s digital infrastructure,” the statement said.