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Tag Archives: mtn

MTN ACE program phase 2 to receive Shs4.5bn

Kampala, Uganda | THE INDEPENDENT | MTN has announced a Shs4.5bn funding for its second phase of a youth-centered initiative dubbed the MTN ACE program. MTN executives said, the announcement follows the outstanding success of the initial phase and that MTN Uganda’s corporate social responsibility arm, MTN Foundation, is the …

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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 …

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MTN to support Feffe Bussi’s concert

Kampala, Uganda | THE INDEPENDENT | MTN Uganda and it fintech firm, MTN Mobile Money (U) Limited is extending support to Ugandan hip-hop sensation Feffe Bussi as he gears up to headline his maiden concert, “HipHop ku Nalubale.” This monumental event, set to take place on May.18 at Jahazi Pier in …

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Safaris Director arrested over shs.326 million fraud

Kampala, Uganda | THE INDEPENDENT | The Buganda Road Chief Magistrates Court has remanded Sheenah Ndamiya the Director of Kadodi 256 Ndamiya Safaris Limited on charges of electronic fraud of more than 326.9 million shillings. Ndamiya was on Tuesday arraigned before Court presided over by Grade One Magistrate Winnie Nankya Jatiko. …

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MTN boosts Heta skilling center with equipment

Jinja, Uganda | THE INDEPENDENT | MTN has provided substantial support to the Heta Community Skilling Center in Jinja city, with operational equipment, internet connectivity, and WiFi worth 20 million Shillings. The donation includes industrial sewing and embroidery machines, computers, a phone repairing machine, and a free mifi, enhancing learning opportunities …

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MTN revenue, customer growth recover

Kampala, Uganda | THE INDEPENDENT | MTN Uganda reports a 16.1 percent growth in revenues to 2.63 trillion shillings for the year 2023. Most of the revenues, (1.12 trillion) still came from voice services which grew by 11.6 percent, while the fastest growing segment was revenue from the use of data. …

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MTN, Huawei sign partnership

Kampala, Uganda | THE INDEPENDENT | MTN Group and Huawei signed a Memorandum of Understanding for a Joint Innovation Technology Lab, aiming to deepen cooperation in technological innovation. The signing ceremony, which was held at MWC Barcelona, Spain was attended by senior delegations from MTN and Huawei on Feb.28. This strategic …

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