logoBC
Yaoundé - 24 October 2021 -
Telecom

Cameroon: between June and September 2016, MTN Mobile Money attracted 300,000 new clients

Cameroon: between June and September 2016, MTN Mobile Money attracted 300,000 new clients
  • Comments   -   Tuesday, 25 October 2016 12:11

(Business in Cameroon) - As at end September 2016, the number of subscribers to the MTN Mobile Money service in Cameroon reached 2.7 million, in increase by 13.2% compared to the 2nd quarter 2016, we learned from provisional results just published by the South African telecom multinational.

In absolute value, this statistic reveals that 300,000 new clients joined this service in Cameroon, since there were only 2.4 million registered as at end June 2016. The South African telecom firm explains this performance in its Mobile Money service in the country through “improvement in the distribution”.

Moreover, over the period under review, revenues generated by data again increased by 28.3%, and now represent 19% of the global revenues of MTN Cameroun, against 18.8% as at end June and 18.5% for the first quarter 2016.

With regards to the client base of this operator, we officially learned, it decreased by 1.3% to reach 9.5 million subscribers as at end September. A decrease which the company attributes to the result of the mobile customer registration process in Cameroon, which led to the deactivation of several chips by operators.

BRM

westend-farms-inaugurates-its-ndokoa-integrated-pork-production-and-commercialization-center
On October 20, 2021, Minister of Livestock, Dr. Taiga officially inaugurated the integrated pork production and marketing center built by Westend Farms,...
cameroon-beac-forecasts-revival-of-sales-and-production-in-the-logging-sector
After a challenging environment in 2020, due to the coronavirus pandemic, the recovery observed in Cameroon's economic landscape since the beginning of...
exports-php-to-start-generating-more-revenues-as-early-as-january-2022-thanks-to-a-fairtrade-decision
In January 2022, the export prices of local banana producer Plantations du Haut Penja (PHP) will increase. This price increase is the result of a decision...
cameroon-announces-public-accounting-and-budgeting-reform-to-improve-management-transparency-and-prevent-accumulation-of-payment-arrears
 In January 2022, Cameroon will begin to experiment with a new accounting reform called accruals-based accounting and budgeting in the framework of...

Mags frontpage


Business in Cameroon n104: October 2021

Dossier Where does Cameroon stand in international trade?


Henri-Claude Oyima : “BGFIBank Cameroon is truly one of our success stories.”


Investir au Cameroun n114: Octobre 2021

Dossier La place du Cameroun dans le commerce international


Henri-Claude Oyima : «BGFIBank Cameroun est vraiment l’une de nos success-stories.»