MTN Group has announced plans to invest $215 million in infrastructure in Benin over the next three years. This investment includes the construction of a new office for its subsidiary, MTN Benin. 

The announcement was made during a visit to Cotonou by a leadership delegation from MTN Group, led by President and CEO Ralph Mupita. The delegation also included MTN Benin Chairman Amadou Raimi, Senior Vice President for Markets Ebenezer Asante, MTN Benin CEO Uche Ofodile, and MTN Group Chief Sustainability and Corporate Affairs Officer Nompilo Morafo. 

During the visit, the delegation met with President Patrice Talon, who commended MTN for its commitment to Benin’s development, particularly as MTN Benin celebrates its 25th anniversary. Mupita emphasized MTN’s dedication to being a force for good in African markets, providing hope, dignity, and opportunity. He also expressed MTN’s interest in partnering with the Beninese government and stakeholders to support the development and upskilling of the country’s youth. 

“We are committed to the development and upskilling of the Beninese youth and have made clear our desire to partner with the government and other stakeholders in this regard,” Mupita said.

Additionally, MTN has trialed 5G services in Benin and sees further growth opportunities in Benin’s economy, which has exhibited resilience with a steady 6% real GDP growth in 2022 despite global challenges. The economy’s performance remained robust in the face of crises, including the COVID-19 pandemic, Russia’s invasion of Ukraine, and security concerns in certain regions. Inflation increased to 2.5% in 2022, driven by the rising cost of essential goods, while the budget deficit, reflecting looser fiscal policy, stood at 5.5% of GDP in 2022. The economic outlook remains positive, with projected growth rates of 6.2% in 2023 and 6.0% in 2024, supported by momentum in various sectors. Key risks include fluctuations in global cotton and oil prices, as well as the adverse impacts of climate change.