MTN Group, one of Africa’s largest telecommunications companies, has warned that growing xenophobia and anti-migrant sentiment could jeopardize the continent’s vision of a unified $3.4trillion single market. The warning came from CEO Ralph Mupita, who highlighted the company’s significant presence outside South Africa, where it earns 82% of its revenue. Mupita emphasized that the challenges posed by xenophobia could hinder regional integration efforts, which are seen as crucial for economic growth. The concerns come amid rising tensions in several African nations, where migrants and foreign workers have faced increasing hostility. MTN’s stance reflects broader anxieties about the impact of social divisions on economic progress. The company’s leadership is urging policymakers to address these issues to ensure continued investment and collaboration across the continent. (businessday.ng)