Anglophone crisis, sanctions may push MTN out of Cameroon

MTN Group Ltd on Thursday March 9, said it is considering investing in countries such as Cameroon, classified by the group as “conflict markets. In a recent review on its markets across Africa and the Middle East, the mobile-phone company states that is doing a spring clean of its empire in these countries. According to the Group Chief Financial Officer, Ralph Mupita, the company plans to take “appropriate action” if any of these countries are not cash-flow positive. Regarding Cameroon, Mupita said MTN received a $6.6 million fine from Cameroon’s telecommunications regulator and a one-year reduction in its license term…