It’s been 30 years since the first mobile phone was launched in Uganda. The launch, in 1995, of Celtel as the first mobile telecommunications company rewrote Uganda’s telecom story in ways no one would have imagined. It is a revolution that continues to evolve, and will be told for years. But the attempt, three years later, by Mr Charles Mbire, the current MTN chairman, to convince South African telecom company, MTN Group, to invest in Uganda is a story of its own. It shaped the industry that had for three years been monopolised by Celtel and declassed a sector that…
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MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Uganda and Nigeria, while ensuring compliance with local regulatory and statutory requirements. In a joint statement published…
Tell us about yourself and your career summary- especially the Bugembe that we don’t already know. The normal Andrew, not the MTN Andrew is a happily married man with two boys. I am an Arsenal F.C. supporter, so you know what that means with resilience. Am a Formula 1 Team Mercedes fan and recently during COVID, also picked up on golf. Career-wise, I just made 25 years at MTN, I joined MTN Uganda in 1998, at the time they were opening. It has been a great opportunity working in the telco industry, for the biggest telco on the continent and…
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MTN Uganda has remained resilient in the first nine months of 2022, navigating the prevailing tough macroeconomic conditions, to deliver double-digit service revenue growth in line with our medium-term guidance. The telecommunication giant recorded 11.5% to Ush 1,667.3 billion service revenue growth in its unaudited results for the nine-month period ended 30 September 2022. The company’s Chief Executive Officer, Sylvia Mulinge says that they invested a total of Ush276.7 billion in their network and systems, which has enabled double-digit performance. “Our investment is also focused on our ESG objective of reducing greenhouse emissions and adopting renewable energy in line with…
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MTN Group Ltd., Africa’s largest phone company, is working with advisers at JPMorgan Chase & Co. on the planned separation of its financial technology business, people with knowledge of the matter said. The carrier said last month it aims to complete a carveout of the business by the end of the first half before seeking funds from outside investors later in the year. Last year, Nedbank Group Ltd. estimated the fintech arm could be worth about $6 billion. MTN is studying a variety of potential deals, including bringing in partners for some of its businesses as well as possibly listing certain units in the future, to unlock value…
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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 Capital Markets Authority and Uganda Securities Exchange for MTN Group to sell 20% of its shareholding in MTN Uganda to the public. MTN Group owns 96% of MTN Uganda. “The listing is in line with the Group’s strategic priority to create shared value, partly through ensuring broad-based ownership in its operating subsidiaries. It is also in line with the provisions of MTN Uganda’s NTO licence, which require its listing by…
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Sindi Mabaso Koyana is the founder and Chairperson of the African Women Chartered Accountants Investments Holdings, a women-owned and led investment company. At AIH she drives investment sourcing, funding and investment management. Her illustrious career has includes being Managing Director of Viamax Logistics, a subsidiary of Transnet, Group Financial Director of Transnet, Executive Partner at Ernst & Young, amongst a number of key executive positions she has held. She has served as Non- Executive Director of Toyota SA, South African Airways, Armaments Corporation of South Africa, MTN Group, Spescom Ltd, South African Institute of Chartered Accountants, FIFA, Eskom, Altron Group, Adcorp…
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Following the recent announcement of a newly appointed Vice president for the MTN group Southern and Eastern Africa regional markets, the outgoing Vice president Ebenezer Asante and the Incoming Vice president Yolanda Cuba visited Uganda for the official office handover. Hosted at the MTN main corporate offices in Kampala, Asante who officially handed over the MTN Uganda subsidiary to the incoming through a symbolic gesture of the Uganda Flag, welcomed Cuba to the new role which he said had earned him a great amount of knowledge and unforgettable experiences. “I am very humbled to have served as VP for the…
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At the tail end of last year, MTN group announced changes to the regional structure and the Group Executive Committee in which Yolanda Cuba was appointed as the MTN Group Vice President for the Southern and East African (SEA) MTN markets effective 1 January, 2020. This announcement coincided with yet another Woman rising to the position of Vice president; H.E Kamala Harris and similarly to her story of firsts, Yolanda Cuba is also the first woman to be confirmed in this position in MTN history! Named one of the youngest CEOs of a JSE-listed company at the age of 29,…
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The MTN Group has restructured senior management in a move aimed at strengthening support towards achieving the group’s business strategy As part of the changes, Yolanda Cuba who has been the Group Chief Digital and Fintech Officer now becomes the Vice President in charge of the Southern and East African region (SEA). Uganda is part of SEA. She shared her thoughts and insights on the Telecom Company’s plans for Uganda and the region under her. Below are Excerpts: The MTN group has restructured to give it better growth opportunities on the continent. What does the MTN Group see on the…
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