Grace Ashiru
MTN Group has pledged to invest a substantial $215 million in infrastructure in the Republic of Benin over the next three years. The investment will primarily focus on the construction of MTN Benin, the telco’s subsidiary office.
This commitment was announced during a visit to Cotonou by a delegation led by MTN Group’s President and CEO, Ralph Mupita, to meet with Benin’s President, Patrice Talon.
At the meeting, notable attendees included Amadou Raimi, MTN Benin Chairman; Ebenezer Asante, Senior Vice President for Markets; Uche Ofodile, MTN Benin CEO; and Nompilo Morafo, MTN Group Chief Sustainability and Corporate Affairs Officer.
MTN, currently operating in 19 markets with approximately 292 million subscribers, has conducted successful trials of its 5G services in Benin, West Africa. The promising results have spurred the company to make a significant investment in exploring the potential benefits of this technology for both the company and the country.
CEO Mupita underscored the company’s commitment to being a positive influence in every market it serves, expressing that MTN is dedicated to providing hope, dignity, and opportunities to people across the African continent.
n line with its mission, MTN aims to contribute to Benin’s development by collaborating with the government and other relevant stakeholders to empower and equip the country’s youth. With 25 years of operations, MTN Benin currently serves around eight million subscribers.
President Talon expressed his appreciation for the MTN Group delegation’s dedication to advancing development in Benin and across the continent. He also conveyed his openness to potential collaboration with the telecommunications company in the future.
In 2023, MTN Group announced its ambitious initiative to invest $3.5 billion in Nigeria’s economy within the next five years, aiming to significantly bolster its presence in the country. Additionally, the company pledged to rally other investors to contribute up to $1.5 trillion to the nation’s economy. This substantial investment underscored MTN Nigeria’s pivotal role within the group, as it emerged as the top revenue generator among the 19 markets in 2023.
