Gulu, Uganda | THE INDEPENDENT | More than 8,000 residents across Gulu City are set to gain access to clean and safe drinking water following completion of four spring wells, thanks to a collaborative effort between MTN Uganda’s philanthropic arm, MTN Foundation and Safe Water Uganda, a community-based organisation. This initiative, …
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MTN Uganda boosts female entrepreneurship
The AWE initiative has increased representation of the telco’s women suppliers from 7% in 2023 to an impressive 15% Kampala, Uganda | THE INDEPENDENT | MTN Uganda has recorded a significant stride in championing gender diversity within its supply chain, increasing the representation of women suppliers from 7% in 2023 to …
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 …
Read More »Europeans provide Sh156 Bn for telecom towers
Kampala, Uganda | THE INDEPENDENT | TowerCo of Africa Uganda has secured US$40 million in long-term financing from Europe for the improvement of mobile phone network coverage in rural areas of Uganda, unlocking digital empowerment and economic advancement. The funding has been from several financiers, including the European Investment Bank, …
Read More »MTN Uganda boosts a rural enterprise with coffee processing machines in Sironko District
Kalaa Mugosi Women Empowerment Ltd, serving 1,246 small-scale farmers, has been at the forefront of advocating for economic empowerment to improve community livelihoods Sironko, Uganda | THE INDEPENDENT | Kalaa Mugosi Women Empowerment Ltd, a community-based social enterprise located in Sironko District, Eastern Uganda, has historically encountered challenges in processing and …
Read More »Cyber report reveals threats to Ugandan businesses
Lists what Uganda top business executives fear more than theft, fraud, corruption COVER STORY | RONALD MUSOKE | A cyber-attack event is the top-most business risk for Ugandan business executives this year, according to a new survey published on Jan.23 by Allianz Group’s corporate insurer affiliate, Allianz Commercial. Cyber-attacks which include …
Read More »Why Uganda shilling is strongest in East Africa
Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling ended the year 2023 on a stronger note, having stabilized against the US Dollar, and did better than its peers in the East African Community, according to analysts. The currency strength has fluctuated between 3,767 and 3,815 to the US dollar over …
Read More »Uganda-based phone maker Mione boosts mobile penetration
Kampala, Uganda | THE INDEPENDENT | At least half a million Ugandans, can now access mobile telecommunications services using high-quality mobile phones assembled in Uganda. Mione, a mobile device manufacturer, with an assembling plant in Mbale City, in Eastern Uganda, has sold at least 500,000 feature phones in Uganda, following the …
Read More »COMMENT: Electricity pricing in Uganda
Winning the war of tariff affordability and losing the war of sustainability of electricity sub-sector COMMMENT | HARRISON MUTIKANGA | A decade after Andrew Mwenda’s article, “Electricity cost going up 40%: but who benefits most from subsidies to UMEME?” in the Independent (Issue No.196 January 13-19, 2012), the details of electricity …
Read More »Can a Beneficial Ownership Register work in Uganda?
Move to expose ‘who owns what’ COVER STORY | RONALD MUSOKE | Who is the real owner of the multi-billion dollar telecoms giant, MTN Uganda? How about the fast-rising oil and gas marketing company, STABEX? Depending on who you talk to, several names will be whispered. Yet, quite often, the whispered …
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