MTN announces FCFA135bln+ investment over three years but the Danpullo affair could be an obstacle

MTN plans to invest over $200 million (over FCFA 120 billion at current dollar value) in technology and network services in Cameroon over the next three years. Over the same period, it wants to invest $25 million (more than FCFA15 billion) to enhance its fintech business in the country, through Mobile Money Corporation.  The investments were announced by MTN Group CEO, Ralph Mupita, after an audience granted, on August 26, 2023, to MTN Group executives by Prime Minister Joseph Dion Ngute, on the sidelines of the 15th BRICS Summit (August 22-24) in Johannesburg, South Africa. Previous information had it that…