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March 13, 2026
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    Charles Mbire

    MTN Uganda’s rally on the USE continues to create massive wealth for top local investors. NSSF’s stake has surged past Shs1.23 trillion, while chairman Charles Mbire’s 4% holding is now worth about Shs420 billion ($118M) as the share price climbed from Shs312 in November to Shs470.

    NSSF Stake in MTN Uganda Shoots to Shs1.23 Trillion in Less Than a Month

    CEO East Africa MagazineThe Big StoryMarch 4, 2026March 4, 2026

    MTN’s strong rally on the Uganda Securities Exchange (USE) continues to create significant wealth for its large local shareholders, with the telecom’s share price climbing steadily from Shs312 in November…

    Charles Mbire (left) and NSSF Managing Director Patrick Ayota (right) pictured with the MTN Uganda logo as MTN shares rally and NSSF’s stake surpasses UGX 1 trillion.

    NSSF stake in MTN Uganda hits UGX1 trillion

    Muhereza KyamuteteraBillionairesTechnology & InnovationFebruary 9, 2026February 9, 2026

    MTN Uganda shares have staged a strong rally on the Uganda Securities Exchange (USE), delivering massive gains to its largest local investors in just eight weeks as the stock surged…

    The report defines dollar millionaires as individuals with investable assets of more than $1 million, excluding liabilities. These assets typically include property, cash, and listed equity holdings.

    Uganda’s Dollar Millionaires Surge: New Wave of 100 Tycoons Join List of High-Net-Worth Individuals

    CEO East Africa MagazineBillionairesThe Big StoryAugust 27, 2025November 4, 2025

    Uganda’s millionaire class is quietly expanding. The country added 100 new dollar millionaires in the 12 months leading up to June 2025. The addition brings the total number of individuals…

    (Left to Right) MTN Uganda Chairman Charles Mbire, MTN Uganda chief executive officer Sylvia Mulinge, and MTN Mobile Money managing director Richard Yego, will, on July 2, be part of an extraordinary meeting where shareholders will vote on the proposed spin-off of MoMo, the Fintech unit from the telco, MTN Uganda.

    Spinning off value? MoMo’s exit tests MTNU’s shareholder promise

    CEO East Africa MagazineBanking & Financial ServicesGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryJune 17, 2025June 17, 2025

    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…

    Billionaire Charles Mbire: 8 Timeless Lessons on Making, Growing & Keeping Money

    CEO East Africa MagazineBillionairesThe Big StoryJune 9, 2025June 9, 2025

    In the Ugandan business world, a few people epitomize Warren Buffett’s timeless advice like Charles Mbire, a quietly dominant billionaire, cofounder and Board Chairman of MTN Uganda. In 2024 alone,…

    Ugandan billionaires and private sector leaders express “unreserved and wholehearted”support for the East African oil pipeline

    CEO ReporterNews & AnalysisThe Big StoryNovember 24, 2022November 30, 2022

    Ugandan business leaders have expressed unequivocal support for the East African Crude Oil Pipeline (EACOP), a project they say will guarantee Uganda’s energy security as well as improve the livelihoods…

    MTN Floats 4.5 billion Shares, Offers each at UGX200

    CEO ReporterThe Big StoryOctober 11, 2021October 11, 2021

    At just 200, Ugandans can own a part of MTN Uganda. While speaking today morning in Kampala, MTN Uganda CEO Wim Vanhellepute said the MTN IPO is officially open and…

    Experts react to MTN’s move to float 20% of its shares on USE

    CEO ReporterCompany NewsThe Big StoryOctober 6, 2021October 6, 2021

    Yesterday, MTN Uganda announced intention to proceed with an initial public offer (IPO) and subsequently list on the Uganda Securities Exchange (USE). The move follows the requisite approval by the…

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