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MTN Group Announces US$400 Million Investment To Enhance Cameroon’s Telecom Infrastructure

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December 13, 2024
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Home Telecommunication

MTN Group Announces US$400 Million Investment To Enhance Cameroon’s Telecom Infrastructure

December 13, 2024
Reading Time: 2 mins read
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Ralph Mupita, President and CEO of MTN Group, announced multimillion-dollar investments in the telco’s Cameroon operations this week.

Mupita informed key stakeholders of MTN’s commitment to significant investments of US$100 million in 2025 and US$300 million over the next three years.

These investments will improve network infrastructure, including artificial intelligence and data centre advancements.

Mupita and his delegation and an MTN Cameroon team led by CEO Mitwa Kaemba Ng’ambi met with government officials in Yaoundé.

They met with the prime minister, Joseph Dion Ngute, minister of state; Ferdinand Ngoh Ngoh, minister of posts and telecommunications; Minette LIBOM LI LIKENG; Philemeon P Zoo Zame, the director general of the Telecommunications Regulatory Board; and Mandla Langa, the South African High Commissioner to Cameroon.

The Johannesburg-headquartered telco said: “These high-level engagements underscore MTN’s dedication to fostering strong relationships with key stakeholders, ensuring a thriving telecom sector, and driving positive change in Cameroon. With these significant investments, MTN reaffirms its role as a leader in the digital transformation and economic development of Cameroon.”

Earlier this year, Mupita indicated that Cameroon, Ghana, and Uganda were critical to Africa’s largest telecom operator and that it was taking steps to improve its operations to maintain robust growth in these countries.

Mupita said, “In our market portfolio, the priority is to sustain the strong growth in markets like Ghana, Uganda, and Cameroon while implementing the necessary initiatives to turn around the performances in Côted’Ivoire, Rwanda, and Zambia.”

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