Have you ever wondered what truly distinguishes a successful CEO from the rest? Beyond titles, corner offices, and headline results, what habits sustain leaders at the very top? That is especially in environments marked by volatility, regulation, rapid technological change, and heightened stakeholder scrutiny. In Uganda’s evolving business landscape, chief executives are leading institutions that carry enormous economic, social, and national significance. From telecommunications and banking to insurance, capital markets, energy, real estate, and pharmaceutical manufacturing, these leaders operate at the intersection of people, capital, and long-term responsibility. Their decisions ripple far beyond balance sheets, shaping livelihoods, markets, and public…
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MTN Uganda has bounced back from the one-off impact of a UGX 110.9 billion tax settlement with Uganda Revenue Authority (URA). The telecom reported a steady rebound in profit and double-digit revenue growth in its nine-month results to September 2025. MTN posted a 2.6% rise in profit after tax to UGX 471.2 billion, but excluding the tax settlement, underlying profit surged by 26.7% to UGX 582.1 billion. “Our nine-month performance reflected our continued commercial execution and momentum in a competitive operating environment, mitigated by some benefit from the ongoing macroeconomic stability in the country,” said Sylvia Mulinge, Chief Executive Officer…
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A decade ago, Africa’s fintech revolution began as a response to one of the continent’s most persistent challenges: access to finance. In 2011, only 23% of people in sub-Saharan Africa had access to formal financial services, according to the World Bank. The launch of M-PESA in Kenya marked a turning point, proving that mobile technology could leapfrog traditional banking barriers. By enabling millions to send and receive money using basic feature phones, M-PESA laid the foundation for a continental digital finance revolution. As mobile penetration surged, surpassing 500 million unique subscribers by 2022 (GSMA), fintech startups began filling the gaps…
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At the 2025 Fintechs Annual Gathering in Kampala, Sitoyo Lopokoiyit, the M-PESA Africa managing director, delivered one of the event’s most compelling keynotes, part warning, part vision, and wholly inspiring….
MTN Uganda has reported strong first-half 2025 results, delivering resilient growth and improved profitability metrics despite regulatory challenges and a one-off UGX 110.9 billion tax settlement with the Uganda Revenue Authority (URA). CEO’s Perspective: “Strong execution in a challenging operating environment” Commenting on the results released this morning, Chief Executive Officer Sylvia Mulinge noted: “MTN Uganda’s first half results reflect the solid momentum in our key commercial and financial metrics. This outcome was achieved against a challenging operating context characterised by changes in mobile termination rate (MTR) regulations, which impacted our voice revenue; as well as the settlement of a…
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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 sharp, diverse, and execution-driven leadership team that has turned ambition into action and growth into dominance. This is the powerhouse behind the performance. This is The Yellow Machine. 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…
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When Sylvia Mulinge stepped into the CEO role at MTN Uganda in October 2022, the air crackled with expectation and a fair dose of apprehension. It wasn’t just another leadership change. It was a passing of the torch during one of the most volatile economic periods Uganda had faced in years, fresh out of the Covid pandemic. Inflation was biting, the shilling was shaky, and the telecom giant, fresh off its historic stock market listing, was now under the microscope of thousands of new shareholders. Mulinge, a seasoned executive with a proven record at Safaricom, was no stranger to pressure. …
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Uganda’s biggest Fintech, MTN Mobile Money (MoMo), is moving out of the family home. Long treated as just another product line within the telecom’s machinery, MoMo is being carved out into a separate corporate entity—MTN New FinCo—with ambitions to scale faster, partner globally, and perhaps one day join Africa’s elusive unicorn club. It’s a shift more than a decade in the making. Launched in 2009, MoMo lived for years as a revenue-generating cog inside MTN Uganda’s telecom engine. Its financials were buried within a blended mix of voice, data, and airtime earnings. Even after the 2021 National Payment Systems Act…
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In the high-pressure corridors of corporate Uganda, where profit margins and shareholder returns dominate boardroom agendas, an unexpected theme is rising to the forefront of leadership: faith in God. Across…
More and more leaders are openly acknowledging the role of faith and prayer in their daily lives and leadership journeys. I’ve also seen you share reflections around this especially on…
