During his three-day working visit to Ghana last week, Ralph Mupita, MTN Group's chief executive officer, unveiled to Mahamudu Bawumia, the vice president of the Republic of Ghana, the main projects the company wants to achieve in the country by 2022. The South African telecom group has reiterated its commitment to support the national digital transformation led by the government.
Beyond the improvement and expansion of network infrastructure to bring quality telecom services to rural areas, Ralph Mupita said MTN is committed to supporting Ghana's QR code project and other digital initiatives such as combating cyber-attacks and developing women's participation in ICT. He also revealed MTN Group's intention to build an ICT center in the country in addition to finalizing the opening of 30% of MTN Ghana's capital to local investors by the end of the year.
The South African group also plans to open up 30% of the capital of the financial subsidiary, MobileMoney Limited, by January 2022. Since March 2021, the company has initiated a strategic repositioning that aims to unlock value and attract third-party capital in the mid-term in its various markets. Through "Ambition 2025," the company aims to become a solution provider that addresses the opportunities, but also the challenges, facing the continent.
In Ghana, the strategic actions announced by MTN Group will contribute to the telecom company's compliance with the country's regulations, including the Payment Systems and Services Act, 2019. They will also support revenue growth that will benefit the group's financial health, including debt reduction.
Muriel Edjo
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Gas-fired plants and renewables anchor Mauritania’s electricity expansion plan New thermal, solar...
InfraCredit guaranteed a naira-denominated debt issue for First Electric. The project will deploy 20 mesh-grid systems across three Nigerian...
Africa ran a $16.7 billion agricultural trade deficit in 2023. Five countries recorded net agricultural export surpluses over 2019–2023. South...
Cameroon posted the highest cotton yield in Africa at 1.54 tons per hectare. Yields were well above West Africa’s average and India’s output...
The DRC plans to invest CFA14.5 billion to build cereal storage silos nationwide. A pilot silo with 5,000-ton capacity will be built in Kongo...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...