Telecommunications giant, MTN Group has unveiled ambitious plans to invest $215 million in telecom infrastructure in the Republic of Benin over the next three years.
The commitment was announced during an MTN Group leadership visit to Cotonou, featuring a meeting with President Patrice Talon.
The high-profile gathering included MTN Group President and CEO Ralph Mupita, MTN Benin Chairman Amadou Raimi, Senior Vice President for Markets Ebenezer Asante, MTN Benin CEO Uche Ofodile, and MTN Group Chief Sustainability and Corporate Affairs Officer Nompilo Morafo.
In addition to the substantial investment in telecom infrastructure, MTN also pledged to construct a state-of-the-art office for its subsidiary, MTN Benin.
With a presence in 19 markets and approximately 292 million subscribers, MTN has reportedly tested 5G services in Benin, recognizing the considerable potential in the West African country. Expressing the company’s commitment, MTN Group President and CEO Ralph Mupita stated, “MTN works to be a force for good in our markets, giving Africans hope, dignity and opportunity. 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.” The investment aims to explore opportunities for both MTN and the host country. The company emphasized its gratitude for the warm reception in Benin and highlighted its dedication to supporting the development and empowerment of Beninese youth.
This announcement follows a similar commitment made during a leadership visit to Nigeria in July last year, where MTN Group revealed plans to invest $3.5 billion in the Nigerian economy over the coming years.
The move reflects MTN’s vision of becoming a pan-African company, focusing more on investments in Africa and shifting away from the Middle East.
MTN Group Chairman, Mcebisi Jonas, had shared the vision during the meeting at the State House in Abuja, emphasizing the company’s commitment to mobilizing significant investments for Africa’s largest economy and most populous nation.
