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MTN Uganda will sell a fifth of its stake to Kenyan and other East African investors when it floats its IPO on Kampala bourse.

Daily Monitor Tuesday June 01 2021 Summary Standalone business. E-commerce platforms of Airtel Uganda and MTN Uganda have automatically become standalone businesses from their parent companies –the telecoms, a move that is likely to drive partnerships among payment service providers. Advertisement Is it a good move, or a risky one? Whose business is it going to impact mostly? Is it the savers, banks or telecoms that have been managing mobile money services? These are the lingering questions in the corridors, sparked off by the recent pronouncement by Bank of Uganda (BoU) Governor Emmanuel T...

Ex-MTN boss grilled in defamation court case Tuesday May 25 2021 Summary The story that Mr Katamba complains about ran in the weekly East African newspaper edition of February 16-22, 2019 on page 5 titled: “MTN case pits Uganda against 4 nations”. Advertisement  The former MTN- Uganda’s manager for legal and corporate services, Mr Anthony Katamba, was yesterday interrogated before the Kampala High Court in an alleged defamation case he brought jointly against Nation Media Group (NMG-Uganda) and MTN-Uganda. Mr Katamba accuses his former employer, MTN-Uganda, its chief executive officer,...

Daily Monitor Wednesday April 28 2021 MTN had been challenging a levy that was instituted by UCC as transitional licence charge from October 21, 2018 and June 30, 2020. PHOTO/FILE Summary In a letter dated July 22, 2020, UCC directed MTN to pay licence fee for the transitional period between October 21, 2018 and June 30, 2020 worth $14.14m. However, MTN challenged the directive in court.  Advertisement Court has dismissed with costs, a case in which MTN was challenging the legality of the Uganda Communications Commission (UCC) directive to pay $14.14m (more than Shs50.7b) as transition licen...

Daily Monitor Thursday March 11 2021 Advertisement MTN Uganda has registered Shs1.9 trillion in revenue, reflecting a 9.5 per cent growth compared to 2019.  The growth was mainly derived from outgoing calls, which were attributed to an increase in subscribers helped by customer value management (CVM) initiatives such as the work from home Internet bundle. The group which, released its results yesterday, highlighted a growth in revenue across most of its markets with Uganda contributing 4.9 per cent to the group’s revenue. According to the results, MTN Uganda grew its service revenue by 9.5...