Airtel Uganda closed the first half of 2025 with another step up in scale and profitability, as data demand propelled revenue growth and a strong lift in earnings. Reported revenue…
In Uganda’s fast-evolving digital financial landscape, two telecom titans—MTN MoMo and Airtel Money—are locked in a high-stakes, trillion-shilling duel. Their battlefield? Mobile money. Their weapons? Revenue, reach, profitability, and performance….
MTN Uganda has officially announced a landmark proposal to structurally separate its mobile money and fintech operations from the core telecommunications business, a move set to redefine the company’s financial services footprint in Uganda and align to the Group’s Ambition 2025 strategy. The proposed transaction, to be tabled for shareholder approval during an Extraordinary General Meeting (EGM) on Wednesday, July 2, 2025, involves the amalgamation of MTN Mobile Money (U) Limited (MTN MoMo) into a newly created entity, MTN New FinCo, which will become the surviving company. Once complete, MTN MoMo will be deregistered from the companies register, and MTN…
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The African Tax Administration Forum (ATAF) has appointed the former Commissioner General of Rwanda Revenue Authority, Ms. Mary Baine as its new Executive Secretary, effective 1 July 2025. Ms. Baine succeeds Mr. Logan Wort, who has served as ATAF’s Executive Secretary since its establishment in 2009. ATAF) is a platform that brings together African tax administrations to work towards promoting efficient and effective tax systems that contribute to the sustainable development of African nations. Ms. Baine brings a wealth of leadership experience and a deep commitment to advancing fair, effective, and inclusive tax systems across the African continent. Before this…
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East African Breweries Limited (EABL), one of the crown jewels in Kenya’s corporate sector, is now at the centre of market speculation following a broader strategic pivot by its parent company, Diageo PLC, which has been steadily retreating from several African markets. According to a report by Business Daily Africa, the British beverages giant on Tuesday unveiled a sweeping $500 million (KSh64.65 billion) cost-cutting and asset disposal programme as part of what it calls an “asset-light model,” a strategy designed to reduce exposure to volatility in emerging markets and boost returns. The Nairobi Securities Exchange-listed EABL, in which Diageo holds…
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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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The Vision Group, publisher of the New Vision newspaper, and owner of other affiliated media houses, has announced a loss for the financial year ending December, 2024. A Board of…
Stanbic Uganda Holdings Limited (SUHL) has once again proven its financial strength, posting a record net profit of UGX 478 billion in 2024, up from UGX 411.5 billion in 2023,…
Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda and four other subsidiaries, has announced a record net profit of UGX 478 billion for the financial year…
Uganda Registration Services Bureau (URSB) registered a significant increase in borrower securities or collaterals under the Security Interest in Movable Property registry in the year ended June 2024, an indication of increased search for credit. Data contained in the URSB Annual Report for the 12 months to June 2024, indicates that during the period, borrowers registered double the number of securities against which more than 11,350 loans were advanced in the 2023/24 financial year. Data further indicates that registered securities – as collateral for loans – increased by 57.5, rising by 4,551 from 6,179 in the 12 months to June…
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