MTN Group CEO Ralph Mupita (third, from left) met with Cameroon’s Prime Minster Joseph Dion Ngute (second, from left) to reiterate the operator’s commitment to invest in the country’s telecoms sector, despite the operator seeing its accounts frozen and garnished since last year.
The two met at the BRICS summit in Johannesburg. Mupita said: “Cameroon is a key market for MTN Group. Our local operation, MTN Cameroon, is committed to the development of the digital economy of Cameroon and to this end, has committed over the next three years, an investment of more than US$200 million towards technology and network services, and US$25 million towards strengthening the fintech business through the subsidiary Mobile Money Corporation."
MTN Cameroon had its accounts frozen in September 2022 due to a dispute regarding a loan, a move that MTN had noted had been affecting its operation and relationship with investors and other stakeholders. Mupita requested the prime minister’s guidance on the matter to fastrack a resolution, who in turn pledged to have the matter “resolved speedily and fairly.”
