Kampala, Uganda | THE INDEPENDENT | Local startups need to focus on niche markets that they can tap into to excel for better survival and longevity of their businesses, according to Mackinon Kabarole, Senior Manager, Business Intelligence at MTN Uganda. Mackinon, who spoke to the youth undergoing MTN Youth Skilling Program …
Read More »MTN Uganda joins Busoga Kingdom to celebrate Kyabazinga Nadiope IV’s 8th coronation anniversary
Kampala, Uganda | THE INDEPENDENT | MTN Uganda on Tuesday joined Busoga Kingdom in celebration of the Kyabazinga William Wilberforce Gabula Nadiope IV’s 8th coronation anniversary. Nadiope IV was installed as the Kyabazinga at the Kingdom headquarters in Bugembe, Jinja on 13 September 2014, with President Yoweri Museveni as the chief …
Read More »Mabirizi raises 94 grounds in the MTN IPO appeal
Kampala, Uganda | THE INDEPENDENT | Jailed lawyer Male Mabirizi has raised 94 grounds in an appeal challenging the dismissal of his case opposing the listing of MTN Uganda on the Uganda Securities Exchange. The appeal arises from an application in which Mabirizi challenged the decision by the Capital Markets Authority-CMA …
Read More »Telecom companies make gains amidst uncertainities
Kampala, Uganda | THE INDEPENDENT | Telecommunication companies have reported that their operations over the last six months have been affected by what they call a difficult macroeconomic environment, characterized by the skyrocketing cost of living and foreign exchange rate. According to the Uganda Bureau of Statistics, the inflation rate rose for …
Read More »MTN to pay dividends despite poor show of stock market and global inflation
Kampala, Uganda | THE INDEPENDENT | MTN Uganda shareholders are due to get their first dividends since the company listed on the Uganda Securities Exchange, with the register for those eligible closing June1. The shareholders will have their dividends paid on June 24, with each share earning the holder 4.706 shillings, …
Read More »MTN, Mayuge Sugar inject UGX 400M into Busoga Masaza Cup
Kampala, Uganda | THE INDEPENDENT | MTN Uganda and Mayuge Sugar have boosted this year’s Busoga Masaza Cup tournament with 400 million Shillings. The sponsorship that will help promote sports and talent scouting in the sub region saw MTN give 350million and Mayuge Sugar 50 million, to ensure smooth operations throughout …
Read More »MTN Uganda set to reveal new growth plans, opportunities
The telecom firm plans to raise US$1.2bn in IPO Kampala, Uganda | ISAAC KHISA | Uganda’s biggest telecom, MTN Uganda, is set to reveal its new growth plans and opportunities on Oct. 11 when it publishes its indicative price range ahead of the expected US$1.2billion initial public offering (IPO). MTN …
Read More »Mobile money is part of the deal, MTN assures buyers of shares
Kampala, Uganda | THE INDEPENDENT | The opening of the sale of shares of MTN Uganda to the public has caused a stir among Ugandans, especially on the possible risks and what some have assumed as the exclusion of the mobile money business from the deal. As a requirement by the …
Read More »What does separation of mobile money from telecoms mean?
Kampala, Uganda | THE INDEPENDENT | Starting June 1st, Ugandans will have mobile money transactions run by companies separate from the traditional telecoms that have been operating the business. This follows the licensing of three companies to operate mobile money services in Uganda including MTN Mobile Money Uganda Ltd and Airtel Mobile …
Read More »Court upholds 51 billion telecom license fees for MTN Uganda
Kampala, Uganda | THE INDEPENDENT | High Court in Kampala has upheld a decision by Uganda Communications Commission-UCC, for telecom company MTN to pay 51 billion Shillings (14.14 million USD) as license fees. In July 2020, UCC wrote to MTN requiring them to pay a license fee for the transitional period of …
Read More »