MTN Foundation allocated Shs 4.6 billion to education, digital literacy, and community outreach. Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has become the first—and so far only—telecommunications operator in the country to publish a comprehensive sustainability report, setting a benchmark in environmental, social, and governance (ESG) transparency. The inaugural 2024 …
Read More »Powering the digital future
Powering the telecom sector to drive socio-economic transformation isno longer a luxury — it’s a national imperative, experts say Kampala, Uganda | JULIUS BUSINGE | Uganda’s push toward a digitally enabled economy received renewed momentum at the Telecom Sector Power Forum 2025, held on Tuesday, August 5, in Kampala. Hosted under …
Read More »MTN Nigeria targets $1bn cloud market to take on Amazon, Microsoft and Google
The telecoms giant is betting on a naira-priced cloud to undercut AWS and Azure Abuja, Nigeria | AGENCIES | MTN Nigeria has launched what it claims is the country’s largest prefabricated modular data centre, marking a bold push into the country’s fast-growing cloud market and taking aim at global giants such …
Read More »Telecom experts push for lower cross-border call charges in Africa
The workshop urged regional governments to accelerate policy alignment to extend affordable mobile services to all member states Kampala, Uganda | THE INDEPENDENT | Telecommunications experts have called for urgent policy changes to cut the cost of cross-border mobile services in Africa, as the continent moves towards a seamless digital market. …
Read More »MTN Uganda reports a 30% surge in net profit to Shs641bn
The telecom firm recorded a 19.5% increase in service revenue to Shs 3.1 trillion, fueled by a 30.5% rise in data revenue and 22.8% growth in fintech earnings Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has delivered a 30.1% surge in net profit to Shs 641.5billion for FY 2024, a …
Read More »MPs want telecom CEOs probed over illegal sim cards
KAMPALA, UGANDA | THE INDEPENDENT | The Deputy Speaker, Thomas Tayebwa, has assigned the House Committee on ICT and National Guidance to carry out an in-depth investigation into the continued illegal practice of telecom companies reassigning already allocated sim cards to other people. Tayebwa noted that the mobile numbers of …
Read More »MTN completes listing of 20% public float
Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s sale of shares left over from its 2021 Initial Public Offering was oversubscribed by almost 100%, the telecom executives said on June 13. The company received applications for 3 billion shares against 1.6 billion shares on offer, The shares sold represent 7.03% of …
Read More »MTN Uganda firms market grip with 500,000 new customers
Kampala, Uganda | THE INDEPENDENT | MTN Uganda has strengthened its grip on the mobile networks market, growing its new customer base by more than 500,000 in the past four months to hit 20 million. The telecom company’s subscribers stood at 19.5million as at the end of December 31, 2023, according …
Read More »TowerCo of Africa Uganda secures US$40 million for telecom network expansion
The east african country is estimated to have only 65% mobile network coverage Kampala, Uganda | THE INDEPENDENT | TowerCo of Africa Uganda, a subsidiary of pan-African telecommunications service provider Axian Telecom, has secured US$40 million long-term financing from European development finance partners, including the European Investment Bank, the Development Bank …
Read More »MTN Uganda plans to further sell-down 7% shareholdings to broaden local ownership
The telecom firm reported a 16.1% increase in service revenue, reaching UShs 2.63 trillion for the year ending December 2023, with after-tax profits surging 21.4% to UShs 493 billion Kampala, Uganda | THE INDEPENDENT | Uganda’s largest telecom firm, MTN Uganda, plans to further sell-down the remaining 7% shareholdings to the …
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