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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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Ugandans on average transacted UGX 159 trillion on MTN Mobile Money, which translated to UGX 435 billion per day for the 12 months to December 2024. Details contained in the…
Airtel Uganda has reported a profit after tax (PAT) of UGX 316.7 billion for the 12 months to December 2024, signalling improved performance compared to in the same period in 2023. The UGX 316.7 billion was UGX 19.7 billion higher than the UGX 297 billion that the telco reported in the 12 months to December 2023. The growth was largely due to the telco’s strong revenue performance, continued cost efficiencies, innovation, stable macro-economic environment and commitment to meeting the needs of clients and employees. Airtel kept a sustained growth in 2024, with revenues of UGX 1.987 trillion, an 11.4% increase…
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Airtel Uganda has a new boss, Soumendra Sahu. He joins Uganda’s second-largest telco at an interesting time— increasing competition from MTN, the market share leader, and other independent ISPs. There are also unmet shareholder growth expectations promised during the telco IPO. The new boss must invest more in the network to boost 5G adoption, expand smartphone penetration, address operational costs, and counter Starlink’s looming entry. Airtel must innovate to maintain its edge in data revenue and tackle a shrinking market share, especially in voice services. Additionally, stabilising leadership following key staff exits and managing regulatory and economic pressures will test…
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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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MTN Uganda under its enterprise arm of MTN Business has launched a first of its kind 3-in-1 offer for businesses in Uganda. The offer is designed to help businesses get more out of their operations with more control for business owners while allowing them to concentrate on growing their business. The three in one offer encompasses Voice, Internet, and MoMo for business, making it easy for enterprise customers to run their business operations effectively with the same seamless experience that MTN as a corporate entity has come to be known for. As part of the deal, business customers signing up…
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