Following a meeting with President Muhammadu Buhari on January 28 in Abuja, Mcebisi Jonas, President of the MTN Group, announced plans to invest $1.6 billion to improve and strengthen the operations of the company’s Nigerian subsidiary.
Mcebisi presented the projects in which his company plans to invest in Nigeria in the long term. Welcoming the initiatives, President Buhari said: “your proposed projects, such as the rural telephony project, will surely complement our economic diversification and financial inclusion programs by connecting the producers based in rural areas to consumers located in our major towns and cities.”
According to Mcebisi Jonas, the purpose of MTN Group's visit to the President of the Federal Republic was to express the company's gratitude to Muhammadu Buhari. “Most of the issues we raised during your visit to South Africa (in October 2019, ed) have been addressed, and there is progress on the remaining ones,” Mcebisi said
On 10 January this year, Nigeria's attorney general canceled the request for the repayment of $2 billion in taxes deemed unpaid, issued in August 2018 against MTN Nigeria. With this cancelation, the Nigerian subsidiary of the South African group has settled its latest disputes in the country.
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector could grow to $20 bln annually and create 20 mln...
• IFAD initiates a program worth $358.26 million to bolster dairy sector in Kenya, Rwanda, Tanzania, and Uganda • The program, called DaIMA, aims...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...