A Cameroon appeals court has ordered the release of MTN’s bank accounts in the country, which were seized in 2022.
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MTN Group has announced several management changes, including the departure of Bayobab CEO Frédéric Schepens.
A Cameroon court has ordered banks used by MTN Group to transfer its funds into escrow over a dispute it says it has nothing to do with.
MTN Group said on Thursday that it has named Stephen Blewett, the current CEO of its operation in Benin, to lead its larger business in Cameroon.
MTN Group CEO Rob Shuter said on Thursday at the telecommunications operator’s annual general meeting of shareholders that it still expects to declare a full-year dividend for 2018 of R5/share despite impending US
MTN could be forced to cough up as much as R1,5bn to Cameroonian authorities after a special anti-corruption commission, known as Conac, found that the operator, along with rival Orange, owed nearly R2,8bn in taxes and royalties to the government