MTN Rwanda cuts its investment by 55%

MTN Rwanda has said that it will slash its total annual investment by 55 percent to $45m (Rwf25.6 billion) this year. “There’s no need to invest heavily in building capacity and coverage every year, what we did in 2009 can serve in 2010 and what is required now is to maintain what we built last year,” the company’s CEO, Khaled Mikkawi, told Business Times in an interview.