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 sharp, diverse, and execution-driven leadership team that has turned ambition into action and growth into dominance. This is the powerhouse behind the performance. This is The Yellow Machine. 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…
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When Sylvia Mulinge stepped into the CEO role at MTN Uganda in October 2022, the air crackled with expectation and a fair dose of apprehension. It wasn’t just another leadership change. It was a passing of the torch during one of the most volatile economic periods Uganda had faced in years, fresh out of the Covid pandemic. Inflation was biting, the shilling was shaky, and the telecom giant, fresh off its historic stock market listing, was now under the microscope of thousands of new shareholders. Mulinge, a seasoned executive with a proven record at Safaricom, was no stranger to pressure. …
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If you spend enough time in boardrooms, tech forums, or even on X (formerly Twitter), you’ve probably heard this question thrown around: Is USSD still relevant in 2025? It’s a…
Airtel Africa has reported a resilient performance in its East African operations for the financial year ending March 31, 2025, underscoring the region’s strategic role in the company’s overall success….
MTN Uganda has announced a profit after tax (PAT) of UGX 181 billion for the first quarter ended March 31, 2025, representing a 20.6% year-on-year increase from UGX 150 billion in Q1 2024. The result was underpinned by robust growth across its core service segments of voice, data and fintech, and saw the telco’s total service revenue rise to 13% year-on-year to UGX 841 billion from UGX 741 billion in the previous year within the period reported. This growth was also supported by disciplined cost management, which lifted the telco’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 13.7%…
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Starlink, a satellite internet service under American billionaire Elon Musk’s SpaceX company, has submitted an application to obtain a license from Uganda Communications Commission (UCC). The license will allow Starlink to begin offering internet services in Uganda. “Starlink has submitted their application and we will be giving our position on that,” Mr Nyombi Thembo, the UCC Executive Director, told the CEO East Africa Magazine in an exclusive interview yesterday at the sidelines of an Airtel event to launch an AI-powered spam alert service in Kampala. Starlink uses advanced satellites and user hardware in a low earth orbit to deliver high-speed…
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Ugandans on average transacted UGX 159 trillion on MTN Mobile Money, which translated to UGX 435 billion per day for the 12 months to December 2024. Details contained in the…
Airtel Uganda has reported a profit after tax (PAT) of UGX 316.7 billion for the 12 months to December 2024, signalling improved performance compared to in the same period in 2023. The UGX 316.7 billion was UGX 19.7 billion higher than the UGX 297 billion that the telco reported in the 12 months to December 2023. The growth was largely due to the telco’s strong revenue performance, continued cost efficiencies, innovation, stable macro-economic environment and commitment to meeting the needs of clients and employees. Airtel kept a sustained growth in 2024, with revenues of UGX 1.987 trillion, an 11.4% increase…
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Airtel Uganda has a new boss, Soumendra Sahu. He joins Uganda’s second-largest telco at an interesting time— increasing competition from MTN, the market share leader, and other independent ISPs. There are also unmet shareholder growth expectations promised during the telco IPO. The new boss must invest more in the network to boost 5G adoption, expand smartphone penetration, address operational costs, and counter Starlink’s looming entry. Airtel must innovate to maintain its edge in data revenue and tackle a shrinking market share, especially in voice services. Additionally, stabilising leadership following key staff exits and managing regulatory and economic pressures will test…
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Uganda’s private sector continued its growth trajectory in October, marking the seventh consecutive month of expansion according to the latest Stanbic Purchasing Managers’ Index (PMI). Although the PMI fell slightly from September’s 54.2 to 52.9, it still signals positive growth in business conditions driven by strong demand, increased output, and new orders across multiple sectors. Data from Stanbic Bank, collected between October 10th and 29th, reveals that heightened demand has prompted companies to expand their production capacity and workforce. This trend is particularly evident in the manufacturing sector, where firms are increasing staffing levels to keep up with customer orders…
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