MTN Ghana has made great strides in its localization efforts for MobileMoney Limited and Scancom PLC.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

MTN Ghana has achieved significant progress in its localization drive for Scancom PLC and MobileMoney Limited, according to its Q3 2024 performance report.

The telecommunications giant announced an additional 2.1% increase in localization, raising the current stake from 27.9% to 30%.

The localization initiative aims to deepen local investment across MTN’s African operations, a strategic commitment aligned with regulatory expectations.

This move reflects MTN Ghana’s focus on enhancing local ownership within its Ghanaian subsidiaries, particularly Scancom PLC and MobileMoney Limited.

Moreover, MTN Ghana disclosed ongoing collaborations with regulatory bodies to finalize the localization process for MobileMoney Limited.

Source: newsthemegh.com