Telecoms
Mobile money
Airtel Money skips African exchanges for London
Airtel Money, valued at $7bn, listed in London while Uganda, its second-largest market, has an exchange worth less than the company itself
Mobile payments
Mobile money value reaches 72 per cent of 2025 total
Mobile money transactions in Uganda were worth Shs263tn in seven months, and first-half value rose 32.5 per cent, up from 31.2 per cent a year earlier
MTN Uganda plans to spin off mobile money business
The telecom giant MTN Uganda plans to restructure its mobile money business by separating it from its direct ownership and transferring the unit to a newly formed company through a merger
Airtel Uganda
Airtel’s profits fall on higher costs and currency sting
Airtel Uganda reported a decline in profitability in the first half as costs, including access charges and content, outpaced revenues and unrealised foreign exchange gains fell sharply
Airtel IPO slim by Shs588.6bn
NSSF sole institutional investor in the offering, buying 52.75% of the available shares – and 96.9% of total shares sold
Mobile money, data drive MTN revenue growth in Q3
MTN Uganda's revenue for the first three quarters increased by 15.9% compared to the same period last year
Airtel Uganda
NSSF buys 10.55% stake in Airtel as part of IPO
Government-run pension fund NSSF will take 10.55 per cent stake in Airtel Uganda as part of the telecom's Shs800bn flotation
Airtel Uganda
Airtel doubles incentive shares for IPO investors
Airtel Uganda has increased the number of bonus shares on offer to investors in its initial public offering on the Uganda Securities Exchange, days before the listing closes
Airtel extends IPO closing date
Airtel Uganda has postponed the closing date for its initial public offering to 27 October from the original date of 13 OctoberMore Telecoms
31 July 2016
MTN Uganda names new CEO
MTN Uganda, the country's biggest company by revenue, has appointed Wim Vanhelleputte as its new CEO, company sources told Uganda Business News. A formal announcement is expected to be made soon. The Belgian is expected to start work on August 1.
25 July 2016
Top Taxpayers: MTN Uganda
MTN Uganda provides mobile and fixed telecommunications, mobile financial services and data services. The company has a market share of 51.1% and approximately 9 million subscribers as of December 2015.