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On the afternoon of Monday, July 29, MTN Benin mobile phone network signed a syndicated financing agreement agreement 65 billion CFA francs. The funds raised from its partners will allow the company to improve the quality of its services in Benin. More precisely, The funds will be invested in improving customer experience and network expansion, deploying new technologies including 5G, and upgrading existing MTN systems to help streamline processes and increase productivity.
Continuing digital transformation
These mobilizations MTN Benin partnership with the West African Development Bank (BOAD) and Banco Atlántico makes possible 65 billion CFA francs. “This funding will enable us to continue the digital transformation of our network and existing systems across the country, delivering a new generation of digital services that are faster and more efficient for our customers.”explain Ofodile’s thoughtsGeneral Manager, MTN Benin.
Representative Mustafa Ben BarkaThe Vice President of the West African Development Bank (BOAD) expressed great pleasure at being involved in the improvement of MTN Benin services. “Through this project, which is in line with the DJOLIBA 2021-2025 Strategic Plan, BOAD reaffirms its commitment to support the promotion and financing of private productive investments in its Member States. To realize this project, BOAD provides MTN Benin with 20 billion CFA francs”details about the Vice President.
‘An ambitious project’
For him, it is a contribution to the implementation of an “ambitious project” that aims to “transform the MTN Benin network through: Strengthening and development of the service platform; Modernization, densification and expansion of the mobile phone network. This is also the moment when BOAD presents its proposals to the MTN Benin mobile phone network.
For this part, Ahmed N’DAW, General Manager of Banco Nacional UltramarineHe said the mobilization of these funds is “tangible proof of our support for MTN Benin’s ambitions”. He invited the various stakeholders of the initiative to continue their collaboration. “Let us continue to work together to meet the challenges of tomorrow and seize the growth opportunities that are before us”, he said. “Together we will build a more connected, more dynamic and more prosperous Benin”, he added at the signing ceremony of the 65 billion CFA franc syndicated financing agreement.
Thanks from Dg MTN Benin…
this Banco Nacional Ultramarine provides 30 billion CFA francs Acting as Mandated Lead Arranger and subsidiary of the Pan-African Central Bank (Bcp) Group. Uche Ofodilé, General Manager, MTN Benin He went out of his way to express his gratitude for all of these buildings. “Once again, I would like to thank all the participating banks, especially Banco Atlântico, the African Development Bank, the West African Development Bank, the BGGI Bank of Benin, the International Bank of Industry and Commerce, the Société Générale de Benin and all the people who were involved. They were by our side from the beginning, as well as all our partners, whoever they were”she said. Note that all this is happening against the backdrop of MTN Benin celebrating its 25th anniversary. The benefits of this financing agreement will be used to improve the daily lives of network users, bringing them closer to what is important to them every day.
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