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TodayWednesday, May 20, 2026

Andrew Bugembe

Some of the senior executives targeted under MTN Uganda’s new long-term incentive scheme include Chief Executive Officer Sylvia Mulinge, Chief Financial Officer Andrew Bugembe, Chief Technology and Information Officer Thomas Motlepa, Chief Marketing Officer Sylvia Elsheikh, and several senior divisional heads responsible for risk, enterprise business, customer experience, growth, internal audit, and wholesale services.
Some of the senior executives targeted under MTN Uganda’s new long-term incentive scheme include Chief Executive Officer Sylvia Mulinge, Chief Financial Officer Andrew Bugembe, Chief Technology and Information Officer Thomas Motlepa, Chief Marketing Officer Sylvia Elsheikh, and several senior divisional heads responsible for risk, enterprise business, customer experience, growth, internal audit, and wholesale services.

Faced With Rising Pressures, MTN Turns to Long-Term Share Incentives to Retain Senior Executives

Amid rising regulatory pressure, intensifying competition, tax disputes, expensive network expansion obligations, and the race to transform itself into a digital and fintech powerhouse, MTN has quietly introduced a new long-term executive
May 19, 2026
A photo montage of Knight Frank’s Judy Rugasira Kyanda, Broll Property’s Moses Lutalo, Quality Chemical’s Ajay Kumar Pal, Stanbic Bank CFO Ronald Makata, MTN CFO Andrew Bugembe, and Innovex’s Douglas Baguma. Uganda’s CEOs and CFOs are navigating a tight-liquidity economy where money is costly and slow-moving. Discipline, smarter capital allocation, and tighter risk management now define survival as companies rethink growth, debt, and currency exposure.
A photo montage of Knight Frank’s Judy Rugasira Kyanda, Broll Property’s Moses Lutalo, Quality Chemical’s Ajay Kumar Pal, Stanbic Bank CFO Ronald Makata, MTN CFO Andrew Bugembe, and Innovex’s Douglas Baguma. Uganda’s CEOs and CFOs are navigating a tight-liquidity economy where money is costly and slow-moving. Discipline, smarter capital allocation, and tighter risk management now define survival as companies rethink growth, debt, and currency exposure.

Surviving in a Cash-Crunch Economy: How CEOs, CFOs are Managing Debt, Forex, and Capital in a Tight Liquidity Market

Money remains expensive in Uganda. Bank of Uganda has kept its Central Bank Rate (CBR) at 9.75% since August 2025, one of the longest periods without adjustment. The message is clear: maintain
November 17, 2025
A photo collage of Uganda's 40-ready CEOs. They are exceptional executives shaping Uganda’s corporate future. From banking to oil and gas, insurance, and pharmaceutical, these CEO-ready leaders are poised to take top roles in the next 5 years.
A photo collage of Uganda's 40-ready CEOs. They are exceptional executives shaping Uganda’s corporate future. From banking to oil and gas, insurance, and pharmaceutical, these CEO-ready leaders are poised to take top roles in the next 5 years.

CEO-Ready: Uganda’s Rising Business Leaders to Watch in the Next 5 Years

Uganda no longer lacks CEO-ready talent; it is overflowing with it. From the commanding floors of leading banks and insurance firms, to the boardrooms of fast-moving consumer goods companies, oil and gas
August 22, 2025
MTN Uganda has long been a dominant force in the country’s telecom sector, but over the past two years, the company has entered a new era of accelerated and multidimensional growth, powered by a dynamic Executive Committee and the transformative leadership of CEO Sylvia Wairimu Mulinge.

The Big Yellow Machine: Meet the MTN Exco Team Driving the Telecom’s Accelerated Growth

Behind every billion-shilling leap in revenue, every surge in subscriber numbers, and every bold Fintech innovation at MTN Uganda is more than just strategy—it’s a story of people. A story of a
July 2, 2025
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Left-Right: MTN Uganda CFO, Andrew Bugembe; Sylvia Mulinge, the CEO and Richard Yego the Managing Director & CEO at MTN Mobile Money Uganda Ltd at a press conference to release the telco's results last week.

Taking a few bets on a few big things⏤ How Sylvia Mulinge got MTN back on an accelerated growth path

On Tuesday 4th October 2022 in a press conference to introduce Sylvia Mulinge, as MTN Uganda’s new Chief Executive Officer, Charles Mbiire, the MTN Uganda Board Chairman and 3rd largest shareholder assured
March 12, 2024
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Mr. Bugembe brings to his position, more than 21 Years of Telecom experience from various countries, working at MTN in different capacities, holding executive and senior management roles in finance departments, including holding the CFO position at MTN Liberia and MTN Congo Brazzaville.

MTN Uganda appoints Andrew Bugembe as Chief Finance Officer

MTN Uganda has appointed Andrew Bugembe as their new Chief Financial Officer. Mr. Bugembe started work on April 1, replacing Mike Blackburn who retired early this year having served as the Telecom’s
June 3, 2020
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