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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 leadership of CEO Sylvia Wairimu Mulinge.

The Big Yellow Machine: Meet the MTN Exco Team Driving the Telecom’s Accelerated Growth

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
July 2, 2025
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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
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A photo collage of MTN Group CEO, Ralph Mupita, MTN Uganda CEO, Sylvia Mulinge, MTN Mobile Money CEO, Richard Yego, MTN Company Secretary, Enid Edroma and MTN CFO, Andrew Bugembe.

MTN Uganda Begins Gradual Separation of Mobile Money Business to Attract Fintech Investors

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
June 11, 2025
A photo collage of Uganda Communications Commission Executive Director Nyombi Thembo, Eng. James Kasigwa and MultiChoice Managing Director Hassan Saleh.

UCC asks UNBS to probe entry of devices illegally streaming MultiChoice and other pay TV content 

Uganda Communications Commission (UCC) has asked the standards agency to investigate the illegal importation of streaming devices that are being used on the local market to reproduce content that is exclusive to
February 20, 2025
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SANDTON, SOUTH AFRICA: MultiChoice CEO Calvo Mawela during the listing of the company at the Johannesburg Stock Exchange (JSE) on February 27, 2019 in Sandton, South Africa. (Photo by Gallo Images / Business Day / Freddy Mavunda)

DStv’s MultiChoice Group technically insolvent after historical loss of USD 200 million in 29 years

South Africa’s MultiChoice Group, the parent company of DStv, has registered its worst financial performance in its history revealing a loss of ZAR 4.1 billion (USD 222 million) for the financial year that
June 13, 2024
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