14, June 2023
CPDM Crime Syndicate: MTN says asset seizure in Cameroon threatens operations 0
South African mobile operator MTN Group (MTNJ.J) said on Wednesday that its Cameroon operations were threatened by the seizure of its bank accounts in the country as part of a dispute in which it plays no part.
MTN Cameroon’s accounts with more than 14 billion CFA francs ($22 million) have been frozen by Cameroon court order since September 2022, as the company was brought into a loan dispute by a Cameroonian businessman, MTN said.
Following a court decision on June 9, the funds were to be transferred into an escrow account managed by the court registrar, MTN Cameroon CEO Mitwa Ng’ambi told a press conference in Douala on Wednesday.
“A threat to our operations is a threat to everything we have built in service to Cameroon over the last 23 years,” she said, adding that the company will use “all possible means to put an end to the imminent miscarriage of justice”.
MTN is Africa’s largest mobile carrier and its Cameroon subsidiary has one of the biggest networks in the country, with over 12 million users.
Ng’ambi said the matter has caused difficulties in paying service providers and employees and could hurt MTN’s more than 800 Cameroonian employees and an additional 200,000 people who work for suppliers and others.
The controversy stems from a dispute between Cameroonian business mogul Ahmadou Baba Danpullo and South Africa’s First National Bank (FNB) (FSRJ.J) over a real estate loan, said MTN’s Ng’ambi.
After the bank liquidated a number of properties belonging to Danpullo in South Africa, the businessman retaliated by having a Cameroonian court freeze the accounts of South African companies including MTN and Chococam, owned by Tiger Brands, she said.
Melvin Akam, MTN Cameroon general manager of regulatory and corporate affairs, said the seizure of the company’s accounts was “abusive, fraudulent and unacceptable.”
A spokesperson for Danpullo’s company, the Baba Danpullo Group, declined to comment.
South Africa’s foreign ministry on Tuesday urged company executives to continue pursuing all legal avenues available.
“Unfortunately, these latest developments will challenge the extent and appetite for investments into Cameroon,” it said.
($1 = 628.7500 CFA francs)
Source: Reuters



















14, June 2023
Grammy Awards: Africa finally gets its own category 0
The American music industry’s Grammy Awards announced on Tuesday that they will be awarding a gramophone to the best African music performance at their next edition, a further sign of their quest for diversity and a consecration for the genre.
The new award covers a wide range of styles, from Afrobeat and Afro-fusion to Kwassa Kwassa and Ndombolo from the Democratic Republic of Congo, Ghana drill, Afro-House and South African hip-hop, said the Recording Academy, which brings together music industry professionals, in a press release.
The category will reward “recordings that use the unique local expressions of the African continent”, the Grammys organisers added.
Long accused of not sufficiently reflecting the diversity and evolution of the music industry, the Grammy Awards have been seeking for years to broaden the range of styles and registers of awards. The category of best soundtrack for a video game was added in 2022.
Musicians from African countries, such as French-Beninese singer Angélique Kidjo (5 wins, 14 nominations) and Nigerian singer Burna Boy (one win, 6 nominations), regularly dominate the Grammy world music categories.
At the 65th edition on 5 February in Los Angeles, a trio led by South African DJ-producer Zakes Bantwini, a pillar of local house music, won thanks to a track in Zulu in the best world music performance category.
The 2024 edition will also honour two other new categories: best alternative jazz album and best dance pop recording. In 2023, 91 awards were presented in as many categories, including pop, rock, classical, hip-hop, gospel and country.
Source: Africa News