MTN Group announces 120 billion FCFA investment package for Cameroon.

The announcement was made by the Senior Vice President of the MTN Group, Ebenezer Asante. This was during a working visit to Cameroon that spanned September 7 to 8.

The stop in Cameroon was part of Asante’s visit to the Central and West African Subregions, where the MTN Group is a key player in the telecoms sector.

According to Asante, his visit across the Subregions was to monitor the implementation of Ambition 2025 Strategy of the MTN Group.  Through the strategy, the Senior Vice President said the MTN Group is committed to play a key role in promoting digital inclusion for the progress of Africa.

The MTN Group, Asante said, plans to invest the over 120 billion FCFA in technology and network services. This, he said, will be in addition to the 15 billion FCFA in strengthening its Fintech business.

The senior official also addressed the Executive Committee of MTN Cameroon and the company’s national staff.

His stay was equally an opportunity to review performance and market the Group’s future plans to employees and key stakeholders. 

The MTN Group, Asante said, is dedicated to stay on as leader in all sector it has invested in.

Besides meeting key stakeholders in the  telecoms sector, Asante was also  received in audience by the Minister of  State, Secretary  General at the Presidency of the Republic, Ferdinand Ngoh Ngoh. 

The Minister of Posts and Telecommunications, Minette Libom and the General Manager of the Telecommunications Regulatory Agency.

The Senior Vice President of the MTN Group seized the opportunity of his exchanges with the authorities to reaffirm the group's commitment to contribute to Cameroon’s development.

He also provided details about investment projects announced by the Group's Chief Executive Officer, CEO, Ralph Mupita, during his meeting with the Prime Minister, Head of Government, Chief Dr Joseph Dion Ngute. 

The Prime Minister received the MTN Group CEO, in South Africa on August 25, on the sidelines of the BRICS Summit.

Before leaving Cameroon, Ebenezer Asante was decorated according to Ekang tradition, and elevated to the honorary rank of Assouzoua roughly translated to mean Chief of the community.