MTN Group has restated its commitment to Nigeria’s development.The Group Chief Executive Officer and President, Ralph Mupita, stated this when he met with the Vice President of Nigeria, Sen. Kashim Shettima, on the sidelines of the BRICS Summit in Sandton, South Africa, a statement by the company said.
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Shettima was in South Africa to represent President Bola Ahmed Tinubu at the 15th BRICS Summit of Heads of State and Government where he delivered an address to notable leaders including President Xi Jinping of China. Also, in attendance at the meeting was the Nigerian Ambassador to South Africa, Ambassador Muhammad Haruna Manta.
Throughout the meeting, both parties discussed topics relating to ongoing reforms by the government and other areas of mutual interest, including digital education, e-agriculture and the MTN Nigeria investor roadshow to be held on November 23 in Abuja.
Ralph reiterated MTN Nigeria’s continued support for Nigeria’s socio-economic development directly and through the Corporate Social Investment (CSI) initiatives spearheaded by the MTN Foundation.
Indeed, in its over 18 years of existence, MTN Foundation as the CSI vehicle of MTN Nigeria has spent over N25.7 billion in empowering Nigerian youths, communities, healthcare development and educational support.
The Foundation has so far executed 1,017 projects across the 36 states of the federation, directly impacting 3,319 communities and over 31.2 million beneficiaries. At the tertiary education level, the MTN Foundation has offered 12,736 scholarships across institutions in Nigeria.
In a related development, MoMo Payment Service Bank (MoMo PSB) and Saana Capital LLC a Central Bank of Nigeria (CBN) licensed International Money Transfer Operator (IMTO), have announced their strategic partnership to facilitate seamless inbound and outbound transfers across Africa, as well as convenient bill payment services.
The collaboration between MoMo PSB and Saana Capital LLC, marks a significant milestone in cross-border financial transactions within the African continent.
With this partnership, MoMo PSB customers will be able to send and receive money from various African countries directly using their MoMo accounts, eliminating the need for foreign currency or domiciliary accounts.
This offering, according to a statement, will empower MoMo PSB’s customers with greater convenience, speed, and affordability when conducting cross-border transactions within Africa. The collaboration also includes a comprehensive bill payment solution to conveniently settle bills across various African countries. The feature provides individuals and businesses with a seamless and efficient method to meet their financial obligations across borders, enhancing convenience and promoting economic growth.
