MTN Group Announces $308M Investment in Cameroon’s Telecom Infrastructure Over Three Years
MTN Group pledges $308M investments to advance Cameroon’s telecom infrastructure, emphasizing AI and digital transformation.
On 11 December 2024, the MTN Group President and CEO, Ralph Mupita, and his delegation, accompanied by an MTN Cameroon team led by CEO Mitwa Kaemba Ng’ambi, held a series of important meetings with administrative authorities in Yaoundé. They met with the Prime Minister, His Excellency Joseph Dion Ngute, the Minister of State, Secretary General of the Presidency Ferdinand Ngoh Ngoh, the Minister of Posts & Telecommunications Minette LIBOM LI LIKENG, the Director General of the Telecommunications Regulatory Board, Philemeon P Zoo Zame, and the South African High Commissioner to Cameroon, Mandla Langa.
During these visits, Mr Mupita announced to key stakeholders MTN’s commitment to major investments of 62.4 billion XAF in 2025, and 187.2 billion XAF over the next three years. These investments will focus on enhancing network infrastructure, including advancements in artificial intelligence and data centres.
These high-level engagements underscore MTN’s dedication to fostering strong relationships with key stakeholders, ensuring a thriving telecom sector, and driving positive change in Cameroon. With these significant investments, MTN reaffirms its role as a leader in the digital transformation and economic development of Cameroon.
