Thursday, June 18, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home Business

MTN CEO Warns Against Business Boycotts Over Xenophobic Attacks in South Africa

byAdedipe Temilolaoluwa
June 18, 2026
in Business, News
0
2
VIEWS
Share on FacebookShare on Twitter

The Chief Executive Officer of MTN Group, Ralph Mupita, has cautioned African countries against targeting businesses operating across borders in response to renewed xenophobic attacks in South Africa.

His comments come amid growing anger across Africa following reports of attacks on foreign nationals, including Nigerians, in parts of South Africa. The incidents have sparked widespread criticism and triggered social media campaigns calling for sanctions against companies believed to have South African links.

Speaking in an interview, Mupita stressed that retaliatory actions against businesses could have serious economic consequences for African countries. According to him, such measures could affect jobs, discourage investment, slow digital transformation efforts, and weaken the continent’s push for economic integration.

He noted that MTN has not experienced any direct impact from the tensions so far, but the company remains alert, especially in major markets such as Nigeria and Ghana where public reactions have been closely monitored.

“We have not seen any direct effect on our operations, but we remain sensitive to developments in key markets,” Mupita said.

The latest xenophobic incidents have once again raised concerns about the relationship between African nations and how best to respond to recurring attacks on migrants living in South Africa. While some groups have called for economic retaliation against South African-owned businesses operating in other African countries, others believe such actions could end up harming local economies and workers.

Mupita argued that businesses with operations across multiple African countries play an important role in strengthening economic cooperation and supporting the goals of the African Continental Free Trade Area (AfCFTA).

He explained that many multinational companies operating on the continent have become deeply connected to the economies of the countries where they do business. These companies create employment opportunities, support local suppliers, pay taxes, and contribute to economic development.

According to him, companies should not be judged solely based on the country where their headquarters are located. Instead, attention should be given to the value they bring to host countries through investment and job creation.

Highlighting MTN’s presence across Africa, Mupita revealed that the majority of the company’s earnings come from markets outside South Africa.

He stated that less than 20 percent of MTN’s earnings are generated in South Africa, while more than 80 percent come from operations in other African countries.

The MTN boss also warned that economic isolation and business boycotts would not solve the underlying issues driving migration, unemployment, and social tensions across the continent. Rather, he called for stronger cooperation among governments, businesses, and citizens to address these challenges.

His remarks reflect broader concerns that xenophobia-related tensions could undermine Africa’s integration agenda at a time when leaders are working to boost trade, investment, and digital connectivity through initiatives such as AfCFTA.

Experts have warned that retaliatory actions against companies operating across borders could disrupt supply chains, reduce investor confidence, and threaten thousands of jobs across the continent.

The debate has also gained attention in Nigeria, where some political figures have urged stronger economic measures against South African companies following attacks on Nigerians living in South Africa.

However, supporters of regional integration believe that long-term solutions lie in improved diplomatic relations, stronger protection of migrants’ rights, and greater economic cooperation among African nations.

As discussions continue, many stakeholders insist that preserving business partnerships while addressing xenophobia remains crucial for Africa’s future growth and development.

Tags: AfCFTAAfrican tradeInvestmentMTNNigeriaRalph MupitaRegional IntegrationSouth AfricaTelecommunicationsxenophobia
Adedipe Temilolaoluwa

Adedipe Temilolaoluwa

Next Post

FAAC Distributes N2.3 Trillion to Federal, State and Local Governments for May 2026

Recommended

Nigeria’s Telecom Battle Shifts from Subscriber Growth to Data Dominance

1 month ago
Nigeria’s GDP Growth Hits 4.23% in Q2 as Oil Sector Rebounds Strong

Nigeria’s GDP Growth Hits 4.23% in Q2 as Oil Sector Rebounds Strong

9 months ago

Popular News

  • FAAC Distributes N2.3 Trillion to Federal, State and Local Governments for May 2026

    0 shares
    Share 0 Tweet 0
  • MTN CEO Warns Against Business Boycotts Over Xenophobic Attacks in South Africa

    0 shares
    Share 0 Tweet 0
  • Crude Oil Output Rises as NUPRC Targets 1.9 Million Barrels Per Day

    0 shares
    Share 0 Tweet 0
  • Oil Exports Push Nigeria’s Current Account Surplus to $4.98 Billion

    0 shares
    Share 0 Tweet 0
  • Wheat Production Ambitions Stall as AfDB Funds Remain Unreleased

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Domestic Gas Sales Rise 30% as Nigeria’s Energy Reforms Gain Traction
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .