Business

MTN reiterates its position to be a ‘force for good’ for Africa’s growth andprosperity

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MTN has reiterated its commitment to Africa’s progress at the Africa Prosperity Dialogues, recently held at Peduase, in Accra, Ghana.

The program, organised by the Africa Prosperity Network, was designed to drive Africa’s growth through highlevel dialogues between government and business leaders from Africa and beyond to deliberate and exchange ideas on key issues and solutions for building and harnessing Africa’s growth.
Ebenezer Asante, MTN Group Senior Vice President, Markets, encouraged industry players as well as government officials from across Africa to support cross-border trade by putting an end to what he called the “tyranny of sovereignty”.

He applauded the government of Ghana’s decision to facilitate visa-free travel for Africans and bemoaned the challenges Africans face in making cross-border payments and transactions.
He said, “The tyranny of sovereignty must end to allow proper trade and ease of doing business across West Africa. Technology continues to transform the way we trade, and we must leverage the immense opportunities it presents to trade within our borders. The tyranny of sovereignty is an impediment to progress because with our borders closed to each other, we cannot foster seamless trade. African countries
must open their borders to each other to allow intercontinental trade.”

Nompilo Morafo, MTN Group Chief Sustainability and Corporate Affairs Officer and Selorm Adadevoh, CEO of MTN Ghana, contributed to the conversation on “Critical
Enablers for Single Market Success – Leveraging Infrastructure, Innovation, and Technology”.

Morafo underscored the significance of corporate entities engaging in discussions that propel Africa’s development. She expressed MTN’s enthusiasm for participating
in initiatives like the Africa Prosperity Dialogues, which are vital for promoting
digital and financial inclusion. Morafo added, “What we hope for is that at the end of these dialogues, we will see policies and frameworks enacted to bring to life the
wonderful ideas we discuss at these sessions towards the overall growth of the African continent”.
Adadevoh, echoed her sentiment highlighting the advantages of harnessing the power of the youth to push Africa to the forefront of technology. He said, “It is not
enough to invest in the infrastructure without investing in the skills needed.

Africa has the largest youth population in the world. We must harness the power of the youth by transforming our current educational system towards a more digital framework.”

Participating in a discussion on ‘Scaling Up Mobile Interoperability to Deepen
Financial Inclusion and Intra-African Trade,’ Eli Hini, CEO of MoMo PSB Limited Nigeria, highlighted the importance of involving Small and Medium-sized Enterprises (SMEs) in achieving interoperability across African countries.

He shared, ”Ease of participation is a crucial factor in the discussion of interoperability if we want to deepen financial inclusion and intra-Africa trade. If we are finally able to get the framework and structures that allow us to trade among ourselves, then we
must take into consideration the ease of participation. SMEs, often grappling with
challenges in cross-border trade, should be a focal point. It will be a waste of time to solve the issue of cross-border trade if SME’s cannot benefit from it. They must be well integrated into the system and given the access that they need to leverage the benefits of this agenda. We must be careful not to put up roadblocks that hinder their participation.”

MTN is inspired by Africa’s potential and remains committed to bridging the digital divide, furthering financial inclusion, and advancing the attainment of the United Nations Sustainable Development Goals through its core business activities and its
support to governments, communities and customers.

Ends
About MTN Ghana
Scancom PLC (MTN Ghana) is the market leader in the mobile telecommunications
industry in Ghana, offering subscribers a range of exciting options under Pay As
You Go, Pay Monthly and Mobile Financial Services. The company is part of the MTN
Group which is a leading emerging market leader with a clear vision to lead the
delivery of a bold new digital world to our customers. We are inspired by our belief
that everyone deserves the benefits of a modern connected life. Scancom PLC is
listed on the Ghana Stock Exchange. Our strategy is Ambition 2025: Leading digital
solutions for Africa’s progress.
For more information, please contact:
Adwoa Wiafe, Chief Corporate Services and Sustainability Officer
Georgina Asare Fiagbenu, Corporate Communications Senior Manager
Email: MTNGhana.MediaOffice@mtn.com

About the MTN Group
Launched in 1994, the MTN Group is a leading emerging market operator with a clear
vision to lead the delivery of a bold new digital world to our customers. We are
inspired by our belief that everyone deserves the benefits of a modern connected life.
The MTN Group is listed on the JSE Securities Exchange in South Africa under the
share code ‘MTN’. Our strategy is Ambition 2025: Leading digital solutions for Africa’s
progress.
Follow us:

www.twitter.com/MTNGroup
www.linkedin.com/company/mtn
For more information, please contact:
MTN Group Press Office | MTNGroup.PressOffice@mtn.com

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