Browsing: MTN Uganda

In the move to a cashless society, Rwandans are also showing appreciation for this leadership and quality of service, again the numbers say it all, MTN customer market share increased by 2.9pp to 65.7%.

Rwanda, as most all  of the rest of Africa, is experiencing continued increase in demand for data. This demand puts pressure on delivering the needed services at affordable rates, especially giving the increasing cost of data. So it is worth noting and a lesson for  the rest of the East African bloc, that the government of Rwanda has taken a bold but very visionary move in changing its Broadband policy.

Rwanda has shown its commitment to accelerate broadband coverage by adopting such measures as the introduction of wireless technology neutrality, which has significantly allowed for improved  efficiency. On the ground, this is translated in the form of rolling out of next generation technologies like LTE and …

For the full year ended June 30, 2022, EABL reported EABL delivered its highest profit in five years of US$15.6 million, up 124 per cent.

EABL navigated rising inflation and increase in excise taxes through strategic pricing and effective cost management to post impressive figures.

Prior to his role at KBL, Musunga had a highly successful career at GSK working at senior levels in Eastern Africa, Southern Africa, and Europe.

Among other industry roles, he served as a Non-Executive Director for the Vision 2030 Board in Kenya, chaired the Kenya Association of Pharmaceuticals Industry and the Kenya HIV/AIDS Business Council.…

• MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022
• Mulinge currently serves as Safaricom’s Chief Consumer Business Officer
• She has been at Safaricom for 16 years, where she served in different capacities, including General Manager Enterprise Business Unit and Director Consumer Business Unit

Telecommunications company MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022.

Mulinge currently serves as Safaricom’s Chief Consumer Business Officer. She has been at Safaricom for 16 years, where she has served in different capacities. These include General Manager Enterprise Business Unit and Director Consumer Business Unit, before assuming the role of Chief Customer Officer in 2018. In July 2021, she took up the role of Chief Consumer Business Officer.

In a statement, South Africa’s MTN Group announced the appointment, saying she brings on board experience in transforming customers’ lives using technology.

“A seasoned executive, …

• MTN Uganda has been given a go-ahead to market its IPO to Kenyan investors
• The MTN Uganda IPO offers for sale 4.4 billion ordinary shares, accounting for a 20% stake of the company, at a price of UGX 200.00 per share
• All East Africans who apply for shares will receive 5 bonus shares for every 100 shares they are allocated

Kenya’s Capital Markets Authority (CMAK) has provided its ‘no objection’ for The MTN Uganda Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and Retail Investors following the opening of the offer in Uganda on 11th October 2021.

In a statement, MYN Uganda says the marketing in Kenya will be spearheaded by SBG Securities, and Dyer and Blair, both of whom are licensed market intermediaries in Kenya, working in collaboration with their respective affiliates in Uganda.

SBG Securities Uganda Limited …

The Uganda Securities Exchange (USE) in partnership with MTN Mobile Money Uganda has launched a digital service to facilitate convenient Securities Central Depository (SCD) account opening, using the MTN Mobile Money platform. 

In a statement, the partners said deal is envisaged to simplify the process of opening an SCD account, which is a requirement for individual investors to participate in the securities market.

While launching the digitized SCD account opening service Paul Bwiso, the Chief Executive Officer of the Uganda Securities Exchange noted that the new digital SCD account opening platform will bolster participation of the everyday Ugandan in the country’s stock market.

He added that the move will allow more people to open their SCD accounts remotely and subsequently be able to invest in any of the companies and debt instruments listed on the USE.

“Since embarking on its digital transformation journey in 2015, USE had been intentional about …

MTN Uganda recorded a 9.1 per cent increase in net profit to about $120.47 million for the first six months of 2020, according to the company’s latest interim results.

According to the report, the strong performance of mobile money, data and digital income attributed to the performance.

MTN Uganda overall revenues grew by 7.6 per cent to about $244.97 million in the six months while data incomes saw a 30 per cent growth from about $34.84 million to about $45.45million.

The company’s mobile money which has been another cash source grew by 6.5 per cent to about $58.25 million as its active mobile money subscribers hit 7.4 million an increase from 7.3 million.

Meanwhile, its Voice revenues grew from about $124.67 million to about $128. 2 million as the company reported a 10 per cent growth in subscriber base to 13.2 million, up from 13 million last year.

The number …