MTN Cameroon: Court-Restricted Cash Drops 53% Amid Ongoing Cases

MTN Cameroon’s cash restricted in connection with court proceedings fell to 67 million rand at the end of December 2025, from 141 million rand a year earlier. Using an indicative exchange rate of CFAF 34.95 per rand, that amounts to about CFAF 2.34 billion, compared with CFAF 4.93 billion. That was a decline of 74 million rand, or 52.5%, from a year earlier, according to MTN Group’s annual financial statements for the year ended December 31, 2025. In its note on “restricted cash,” MTN says the 67 million rand recorded in Cameroon relates to “garnishee orders of ongoing court cases,” referring to court orders allowing creditors to seize assets held by third parties on behalf of a debtor. The group does not identify the cases involved or the creditors. The drop is even sharper over the two-year period. Restricted cash stood at 471 million rand in 2023, equivalent to about CFAF 16.46 billion at the same indicative exchange rate. That represents a 404 million rand decline between 2023 and 2025, or 85.8%. MTN ...