MTN South Sudan to Cut Jobs, Cancel Plans on Economic Crisis
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MTN South Sudan, a unit of Africa’s biggest mobile-phone company, said it’s cutting jobs and canceling expansion plans as the war-torn nation battles an economic crisis.
The workforce will be reduced to just over 80 people from 170, while plans to build 40 communication towers have been shelved, according to Khumbulani Dhlomo, the company’s head of corporate services. MTN has invested as much as $170 million in the country over the past two years, without seeing profit, he told reporters Tuesday in the capital, Juba.