Airtel’s East Africa operations recorded strong growth in the latest quarter, driven by surging data consumption, an expanding customer base, and continued investment in network infrastructure. Reported revenue from mobile…
When the Uganda Communications Commission (UCC) opened its doors over two decades ago, it was with a modest mandate to oversee the nascent communications landscape of a post-liberalisation era. Today, the Commission stands as a giant, with digital footprints across the country and global recognition on the international stage. At the centre of this journey is Nyombi Thembo, UCC’s Executive Director, whose voice brims with conviction and pride as he reflects on the institution’s legacy and the path ahead. “This journey has etched an enduring legacy across the country, propelling institutional growth and catapulting the broader communications sector into a…
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Airtel Uganda, a leading provider of telecommunications and mobile money services, recently presented a dividend cheque of UGX 50.3 billion to the National Social Security Fund (NSSF). This significant payout follows NSSF’s strategic acquisition of shares in Airtel Uganda during the company’s initial public offering (IPO). This payout follows Airtel’s 2023 decision to list in Uganda, becoming the second telecom company on the Uganda Securities Exchange. The company offered 8 billion ordinary shares representing 20% of its equity at UGX 100 per share. While the IPO raised UGX 211.4 billion, below the UGX 800 billion target, it attracted 4,614 new shareholders…
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Airtel Uganda, a leading provider of telecommunications and mobile money services, today presented a dividend cheque of UGX 50.3 billion to the National Social Security Fund (NSSF). This significant payout follows…
The National Social Security Fund (NSSF) is projecting robust performance at the close of the Financial Year 2024/25, with income expected to reach UGX 3 trillion and assets under management forecasted to grow to UGX 25 trillion—marking a continued upward trajectory for Uganda’s largest retirement benefits scheme. This projection represents significant year-on-year growth, building on the UGX 2.53 trillion in income and UGX 22.13 trillion in assets that the Fund recorded at the close of the Financial Year ended June 30, 2024. In light of the strong financial performance, NSSF is expected to declare a competitive interest rate to members…
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Airtel Uganda, in partnership with the Buganda Kingdom, has officially launched the 21st edition of the highly anticipated Airtel Masaza Cup football tournament. The launch event, held in Kampala at…
Airtel Uganda, in partnership with Cisco, has today launched Network as a Service (NaaS) – a subscription-based enterprise solution that allows businesses to access scalable, secure, and fully managed network infrastructure without the need for upfront investment in hardware. The launch event, held at Kampala Serena Hotel, was attended by customers, Cisco executives, members of the media, and Airtel Uganda’s leadership team. The event showcased how the NaaS solution aligns with Airtel Uganda’s vision of enabling digital transformation for businesses across the country. Head of Solutions Architecture at Airtel Africa Group, Lameck Ochola(R), with other officials from Cisco and Absa…
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Uganda’s biggest Fintech, MTN Mobile Money (MoMo), is moving out of the family home. Long treated as just another product line within the telecom’s machinery, MoMo is being carved out into a separate corporate entity—MTN New FinCo—with ambitions to scale faster, partner globally, and perhaps one day join Africa’s elusive unicorn club. It’s a shift more than a decade in the making. Launched in 2009, MoMo lived for years as a revenue-generating cog inside MTN Uganda’s telecom engine. Its financials were buried within a blended mix of voice, data, and airtime earnings. Even after the 2021 National Payment Systems Act…
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Until 2007, mobile phone subscribers had largely known voice and short message texting needs. In fact, for a long time, the mobile phone had no major use apart from making and receiving calls, and occasionally sending short text messages. However, in 2007, after 11 years of launching in 1998, MTN broke new ground with the launch of WiMAX broadband services, a cutting-edge product that would propel mobile phone users into the future. By 2007, it had been 12 years since the launch of the first mobile phone in Uganda by Celtel, and later by MTN, which launched in 1998….
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In May 2021, Bank of Uganda issued two licenses to Airtel Mobile Commerce and MTN Mobile Money to conduct various money transfer and payment services. The licenses were partly intended to implement sections of the National Payment System Act 2020, which had transferred the regulation of mobile money from the Uganda Communications Commission to the Central Bank. In the years leading up to the enactment of the National Payment System Act 2020, there had been various conversations that highlighted the risk of an unregulated digital financial system. But in all this, government had become aware of the problem that not…
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