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MTN Plans $2.1bn Investment Across African Markets in 2024

MTN Q3 results

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By Adedapo Adesanya Africa’s top telecommunication service, MTN Group, plans to invest up to $2.1 billion (about 39 billion Rands) in 2024 to capture the structural demand for data and fintech services across Africa. This was disclosed by MTN Group President and CEO, Mr Ralph Mupita, after the company reported growth for 2023 in the face of tough macro headwinds. On Monday, the telco declared a total dividend of 330 cents per share. It disclosed that inflation remained elevated in several key markets and the sharp devaluation of the Nigerian naira impacted reported results for both MTN Nigeria and MTN

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