Serrari Group

MTN, Africa’s premier telecommunications conglomerate, has announced a landmark investment initiative aimed at bolstering the continent’s digital infrastructure. Spearheaded by cebisi Jonas, the esteemed chairman of MTN, the ambitious endeavor will see a staggering $12 billion injected into critical digital assets over the next six years.

At the forefront of this strategic move is the recognition of the transformative power of digitization and the Fourth Industrial Revolution (4IR) in shaping Africa’s economic landscape. With a focus on enhancing digital connectivity, MTN’s investment will target key areas such as radio access networks, fiber optics, and data centers, laying the foundation for accelerated technological advancement.

In his address at the CEO Forum in Rwanda, Jonas underscored the pivotal role of digital infrastructure in driving innovation and fostering inclusive growth across various sectors. He highlighted the immense potential of precision agriculture, retail tech (e-commerce), clean and green tech, telemedicine, edu-tech, and fintech in unlocking new opportunities for economic development.

However, Jonas emphasized that the realization of these prospects hinges on the implementation of conducive policy frameworks and governance reforms. He lauded commendable efforts such as Ghana’s commitment to fiscal consolidation and Nigeria’s proactive measures in subsidy reform and embracing market-driven foreign exchange mechanisms.

Moreover, Jonas stressed the importance of regional integration and trade facilitation, citing the momentum behind initiatives like the African Continental Free Trade Area (AfCFTA) as catalysts for cross-border collaboration and economic synergies.

As Africa embraces the digital age, MTN’s substantial investment underscores its commitment to driving innovation and empowering communities across the continent. With a strategic focus on sustainable growth and technological advancement, MTN is poised to play a pivotal role in shaping Africa’s digital future.

Photo source: Google

By: Montel Kamau

Serrari Financial Analyst

28th May, 2024

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023