• Wim Vanhellepputte, has been MTN Uganda’s Chief Executive Officer since July 2016. PHOTO/Courtesy
  • ASSETS: MTN has, under Wim, grown from a UGX1.509 trillion asset company to UGX3.298 trillion, a growth of 119% and a compounded annual growth rate of 14%.
  • EBITDA: While Earnings Before Tax, Depreciation and Amortisation (EBITDA) has more than doubled, growing by 175% from UGX385 billion to UGX1.058 trillion- a compounded annual growth rate of 18%, year on year, it has been erratic.
  • NET PROFIT: During Wim's tenure, net profit has grown by nearly 4 times from UGX96 billion in 2016 to UGX340.4 billion in 2021- a growth of 254% and a compounded annual growth rate of 23%.
The Big Story

THE WIM EFFECT: 5 graphs that demonstrate how MTN Uganda has thrived under Wim Vanhellepute’s 6-year leadership

2021 was one of MTN Uganda’s historic years. The company not only closed its much-awaited listing on the Uganda Securities Exchange on December 06th 2021, but it also set some new operating record highs. For example, for the first time in the company’s 23-year history, the company’s revenues, crossed the UGX2 trillion mark, reaching UGX2.06 trillion! Total assets, also crossed UGX3 trillion, reaching UGX3.3 trillion and customers surpassed 15 million, closing the year at 15.7 million. Loosely translated, MTN Uganda, in 2021, grossed UGX5.6 billion daily and made nearly UGX1 billion in net profit per day! At 15.7 million subscribers,…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Tagged:
About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

beylikdüzü escort beylikdüzü escort