MTN, Cameroon seek resolution to dispute

MTN, Cameroon seek resolution to dispute

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.”

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.