Login
Subscribe
TodayThursday, April 23, 2026

liabilities

Late billionaire Apollo Nyegamehe’s agro-logistics empire, now teeters on the brink of financial rupture as lenders move to auction prime assets under the leadership of his son Harold Byamugisha

Three Banks Move to Auction Late Billionaire Aponye’s Properties Over UGX 15 Billion Loan Arrears

A consortium of commercial banks has initiated proceedings to auction off several prime properties belonging to the late billionaire businessman, Apollo Nyegamehe, popularly known as Aponye, in a sweeping debt recovery effort
July 3, 2025
·
Driving MTN Uganda’s record-breaking year: Richard Yego (CEO, MTN MoMo), Sylvia Mulinge (CEO, MTN Uganda), and Andrew Bugembe (CFO, MTN Uganda) led the charge behind UGX 641.5 billion in profit and UGX 506 billion in shareholder dividends. Yet, looming over this strong performance is a strategic pivot that has analysts sounding the alarm: the planned spin-off of its fintech arm—MoMo—could significantly alter the company’s growth trajectory and valuation dynamics.

MTN Uganda’s Record Profits Face Uncertain Future Amid Fintech Spin-Off

MTN in 2024 delivered yet another solid year, cementing its place as Uganda’s most profitable and actively traded listed company. With double-digit revenue growth and record earnings, the telecom giant showcased operational
June 24, 2025
·

 

Follow

error: Content is protected !!