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MTN Group, Africa’s leading telecom service provider, led by Zimbabwean executive Ralph Mupita, has unveiled plans to invest R1.9 billion ($102 million) in bolstering its energy infrastructure. The company’s proactive approach aims to mitigate the adverse impacts of frequent power outages, particularly in South Africa, MTN’s primary market.
MTN Group’s proactive strategy aims to mitigate the disruptions caused by frequent power cuts. The planned investment, slated for completion by mid-2024, encompasses generators, battery storage solutions, and a focus on renewable energy sources. This initiative builds upon the R2.6 billion ($140 million) previously allocated for generator infrastructure.
MTN prioritizes uninterrupted service delivery
Crippling power outages, known locally as load shedding, have strained South Africa’s industrialized economy. MTN Group’s investment in energy infrastructure underscores its commitment to uninterrupted service delivery, a proactive stance that aligns with its broader strategic objectives, including fintech expansion.
Mupita emphasized the critical nature of the situation, describing the power outages as a “crisis” further compounded by vandalism of mobile phone towers and base stations. “As we look at our business in South Africa, the key thing is to get beyond the load shedding,” he said. “Our view is that load shedding will be with us for at least another three years, which is why we’ve pre-emptively invested in the resilience of our network.”
MTN Group thrives under Ralph Mupita’s leadership
Under Ralph Mupita’s leadership, MTN Group has made strides, serving more than 289 million customers across 22 countries. The company offers a range of services including fintech, digital solutions, enterprise, wholesale, and APIs. Investments have been directed towards meeting the growing demand for data services.
Despite facing challenges, such as a sharp 79-percent decline in net income in 2023, MTN remains steadfast under CEO Ralph Mupita. With a customer base surpassing 292 million across 19 markets, the company is positioned for resilience and growth. Looking forward, MTN acknowledges the hurdles in Nigeria, its largest market, while also recognizing its vast potential.
MTN’s proactive investments extend beyond maintaining service reliability, demonstrating strategic foresight in navigating tough operating environments. As the company strengthens its resilience against power disruptions, it remains committed to its mission of connecting millions across Africa.
