Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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Airtel Uganda posted total revenue of UGX 966 billion in the first half of 2024, and a final profit of UGX 153 billion largely driven by data and voice revenue. The voice segment contributed a large chunk of the revenue at UGX 526 billion closely followed by data revenue at UGX 403 billion with other value-added services contributing UGX 36 billion. Airtel’s voice revenues grew by 12 percent year-on-year on the back of the continued growth in customer acquisitions backed by a regional acquisitions strategy, and the benefit of usage and retention initiatives that resulted in overall 2.4 percent growth…
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Airtel Uganda Managing Director Manoj Murali is set to retire from telco this month, CEO East Africa Magazine can exclusively reveal. According to a notice sent to the telco’s senior management this week, that CEO East Africa Magazine has seen, “Manoj Murali will be leaving Airtel Uganda to pursue other interests outside of Airtel Africa, effective 30 October 2024”. “During his (Manoj’s) tenure, he was instrumental in providing leadership in Uganda and delivering business growth. Manoj joined Airtel Uganda in October 2020,” read the email. CEO East Africa Magazine understands that he resigned in July 2024 and has been serving…
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Airtel Uganda, the second largest telco, on March 4th, released its very first post-listing results, showing that for the first time in five years since 2019, it made an 8.8% drop in net profit⏤ from UGX 326 billion in 2022 to UGX 297 billion at the end of 2023. This is UGX160 billion short of the UGX457 billion the company promised prospective IPO investors during its listing drive in late 2023. This 8.8% drop, the company, said was ” impacted by an increase in the site running costs due to an increase in rental and energy costs on the additional…
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In partnership with the Buganda Kingdom, Airtel Uganda has announced the launch of the 11th edition of the highly anticipated Kabaka Birthday Run. Since its debut over 10 years ago, the Kabaka Birthday Run has become a hallmark event on Airtel Uganda and the country’s annual calendar in celebration of the Kabaka of Buganda, Ronald Muwenda Mutebi II, birthday which champions noble causes that resonate with the community. Just like the previous year, this year’s theme, “Ending HIV/AIDs by 2030”, reflects the collective efforts to fight one of the most pressing global health challenges. Airtel Uganda Managing Director, Manoj Murali,…
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Uganda’s National Social Security Fund (NSSF) is to acquire 10.55% of the total shares outstanding of Airtel shares in the ongoing Initial Public Offering (IPO) for a consideration of UGX199 billion (USD53 million), the two entities have announced. ‘The investment reflects the confidence that the NSSF has in the telecommunications sector, the prospects of the Company and the quality of its management team. The Fund’s investment in Airtel gives an opportunity for millions of NSSF members to own part of a successful company in a fast-growing sector known for innovative services,” NSSF’s Managing Director, Patrick Ayota and AIrtel’s Manoj Murali…
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With three days left to the closure of the Airtel IPO, the telco has today announced that it is sweetening it is further sweetening its incentivisation structure, a move, the company says is to encourage more local participation. “In order to encourage participation in the IPO and promote allocation to Ugandan investors, the Board of Directors has proposed a substantial enhancement of the incentive structure,” the company said in today’s public statement. Under the revised structure, retail investors applying for between 2,500 and 18.5 million shares, who were under the old bonus scheme supposed to get 5 Incentive Shares…
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Having laid a strong foundation, the company is now looking to its next phase of growth built on a strong purpose⏤ transforming lives, using pioneering technology that ensures increased reach and penetration, as an enabler. To lead this customer-centric vision and ensure brilliant execution in the marketplace, Manoj Murali, the man leading that next phase of growth has assembled a team of 12 experts, each of whom is an expert in their respective fields. To deliver Airtel’s “winning with people agenda” of being the employer of choice with a diverse and inclusive high-performance work environment, each of these 12 leaders…
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The sale of Airtel Uganda’s 20% shares in what is now Uganda’s second-biggest initial Public Offering (IPO) closes this Friday, October 13th 2023. If you haven’t yet bought shares in the telco, which is now Uganda’s fastest-growing telco for the last 10 years, you have just 2 days to go. Many an analyst and investment banks such as Old Mutual Investment Group, Dyer and Blair as well as investors like Dr. Sudhir Ruparelia have given the IPO a good “buy” rating citing the telco’s past above-industry growth as well as positive industry projections, make the Airtel IPO a compelling…
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The Buganda Kingdom has applied to buy 2,000,000 Airtel Uganda shares, worth UGX200 million in the ongoing Airtel Initial Public Offering. This was revealed at a press conference held on the 26th of September 2023 at the Kingdom’s Bulange, Mmengo offices, where the Kingdom’s Prime Katikiro (Prime Minister) Owek. Charles Peter Mayiga, took the opportunity to encourage the public to embrace the #AirtelIPO, saying, IPO investments in well-run and regulated businesses such as telcos, are smart investments. “Be a smart investor, acquire shares in publicly listed companies. With the company’s growth, the shares will appreciate, “ he said, adding that…
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