Close

MTN Uganda proudly announced today the formalization of its strategic partnership with Microsoft, aiming to accelerate digital and cloud transformation across Uganda. This partnership marks a significant milestone in MTN’s Ambition 2025 strategy to transition from a telecommunications company to a leading technology company, delivering innovative solutions for Africa’s progress.

The announcement, brought together key stakeholders from both organizations, including representatives from the media, business partners, and valued customers. Utilizing Microsoft Teams, a product that MTN Uganda also offers to its customers, underscored the practical applications and benefits of the collaboration. Initially established in 2022, the partnership seeks to leverage the strengths of both companies to drive growth and digital transformation across the continent.

In his keynote speech, Ibrahim Senyonga, the General Manager of MTN Uganda’s EBU, emphasized the value of this partnership stating: “Our strategic alliance with Microsoft is a testament to our commitment to providing cutting-edge technology solutions that drive progress and innovation in Uganda. This partnership will enhance our ability to deliver superior digital and cloud services, empowering businesses of all sizes to thrive in the digital era.”

Another significant achievement that was celebrated at the event was MTN Uganda’s certification as a Microsoft Solution partner. This certification validates MTN’s proficiency in Microsoft products and its consistent delivery of high-quality customer solutions. “We are incredibly proud to be certified as a Microsoft Solutions partner,” added Ibrahim Senyonga. “This certification not only reflects our technical proficiency but also our dedication to delivering exceptional services to our customers.”

Another significant achievement that was celebrated at the event was MTN Uganda’s certification as a Microsoft Solution partner. This certification validates MTN’s proficiency in Microsoft products and its consistent delivery of high-quality customer solutions.

Damian Nelson, Microsoft’s Senior Manager for Partnership Development, echoed these sentiments, emphasizing the strategic vision of the alliance. “Our partnership with MTN Uganda is driven by a shared vision of enabling digital transformation across Africa. By combining our resources and expertise, we can offer comprehensive solutions that address the unique needs of Ugandan businesses, fostering innovation and growth.”

Through this partnership, MTN Uganda will offer a wide range of Microsoft products, including Office 365, Azure cloud services, and Teams Operator Connect. These solutions are designed to enhance productivity, streamline communication, and support advanced cloud computing needs.

As a Microsoft Solutions Partner, MTN Uganda has technical capabilities, extensive experience, and proven ability to deliver successful customer outcomes aligned with the Microsoft Cloud. With certifications in Modern Work, Infrastructure, Data & AI, and Digital & App Innovation, MTN Uganda can provide cutting-edge solutions tailored to the specific needs of Ugandan businesses.

In addition to our enhanced product offerings, our partnership ensures local billing capabilities customized for the Ugandan market. This simplifies financial transactions and improves management for our customers, making technology investments more accessible and effective.

Moreover, MTN Uganda’s locally based support team is dedicated to delivering responsive assistance and expert guidance. “Our customers can expect prompt issue resolution and personalized support from our local dedicated team,” noted Ibrahim Senyonga. “We prioritize delivering maximum value from their Microsoft investments, ensuring a seamless experience.”

The event concluded with a Q&A session where the attendees had the opportunity to interact with MTN and Microsoft representatives, gaining insights into how these technologies can drive operational efficiency and innovation.

Three years ago, MTN Uganda embarked on an ambitious project to restore 220 hectares of forest cover. This initiative, part of the larger “Uganda is Home” campaign, celebrated the symbiotic relationship between MTN Uganda and the people of Uganda, reinforcing the company’s commitment to the socio-economic well-being of the country.

MTN Uganda’s forest restoration initiative was more than a symbolic gesture; it was a tangible recommitment to Uganda’s environmental and socio-economic development. Three years later, the initiative aligns with the 2024 World Environment Day theme, “land restoration, desertification, and drought resilience” highlighting the critical importance of reforestation for a sustainable future.

Launched at Kyewaga Central Forest Reserve in Entebbe, the project was undertaken in partnership with the National Forestry Authority. The reforestation effort aimed to restore forest cover in five Central Forest Reserves (CFRs) across the country: Barifa CFR in Arua, Kagombe CFR in Kibaale, Jubiya CFR in Masaka, and Ogera Hills CFR in Serere district. The project symbolized the company’s then, 22-year presence in Uganda, with each 10 hectares representing one year of MTN’s existence in the country.

In the three years since the project’s inception, the impact has been profound. The restored forests have not only enhanced biodiversity but also improved the livelihoods of local communities. Forests play a crucial role in climate regulation, water purification, and soil preservation, contributing to the overall health of the environment and the well-being of the people.

MTN Uganda’s environmental conservation efforts extend beyond reforestation initiatives. The company has decisively committed to environmental responsibility with its goal to achieve net-zero emissions by 2040, already bearing significant results through its “Project Zero” initiative. This comprehensive initiative focused on decarbonization has led to the company reducing its emissions by more than half in just two years.

The company registered a remarkable 59% reduction in emissions in Q1 2023 in comparison to Q1 2021. This reduction was achieved through strategic deployment of smart energy monitoring tools, which provided invaluable insights and enabled the implementation of key actions to significantly reduce power consumption.

The project also targeted Tower Co sites, achieving a 15% reduction in emissions despite adding over 1,000 sites within two years. This accomplishment was driven by widespread solar deployment, integration of lithium-ion batteries, and a strategic shift in the primary power source.

MTN Uganda is in its initial stages of introducing electric vehicles (EVs) into its fleet, aligning with the company’s broader strategy to further reduce emissions. Although still in the procurement phase, this move marks a significant step towards sustainable transportation within the company.

Florence Sempebwa Makada, Managing Director, MotorCare Uganda shaking hands with Sylvia Mulinge, Chief Executive Officer, MTN Uganda at the handover of the Nissan Ariya the electric test car

Looking ahead, MTN Uganda is exploring innovative solutions to harness wind power in targeted locations, despite the geographical constraints of Uganda not being at sea level. Ongoing projects, including wind power production Proof of Concepts (POCs), are progressing, showcasing the company’s commitment to exploring all avenues for sustainable energy.

The company’s dedication to sustainability and the ongoing success of Project Zero exemplify its leadership in the journey towards a greener future.

Today, as we celebrate the 2024 World Environment Day, the success of MTN Uganda’s reforestation project serves as a powerful reminder of the importance of ecosystem restoration. It exemplifies how corporate responsibility and environmental stewardship can go hand in hand, creating a sustainable and prosperous future for all.

SBG Securities Uganda Limited (a wholly owned subsidiary of Stanbic Uganda Holdings Limited), in its capacity as the lead sponsoring broker, on behalf of MTN Uganda Limited (MTN Uganda or the Company), hereby announces the sale by MTN International (Mauritius) Limited (the Selling Shareholder) of up to 1,574,807,373 ordinary shares (the Sale Shares) in MTN Uganda (the Offer).

The Offer is made in accordance with Rule 15(a) of the Uganda Securities Exchange (USE) Listing Rules 2021, by which an existing shareholder of an issuer with equity securities already listed on the USE may conduct an offer for sale of shares to the public on the secondary market. The USE has provided its no-objection to the Offer.

Background and objectives of the Offer:

On 6 December 2021, MTN Uganda was listed on the Main Investment Market Segment of the USE. This listing followed an initial public offer which commenced on 11 October 2021 and closed on 22 November 2021. In accordance with Rule 32(7) of the USE Listing Rules, the USE granted a waiver for the Company to list on the exchange on the basis of the 12.97% public float attained in the initial public offer.

As with the initial public offer, the current Offer is being undertaken in accordance with MTN Group and MTN Uganda’s objective to broaden Ugandan shareholding in the Company and provide an opportunity to Ugandan retail and professional investors, including MTN Uganda’s loyal customers, to own a stake in the Company and participate in its future growth. In addition, the Offer is being undertaken to comply with the requirements of the Company’s national telecommunications operator licence, the National Broadband Policy 2018 and the regulations issued by the Uganda Communications Commission.

Particulars of the Offer:

The Sale Shares will be sold to interested retail and professional investors through secondary market trades that will be settled in accordance with the USE Trading Rules 2021. The key details of the Offer are as follows:

Offer period 27 May 2024 at 10 a.m. – 10 June 2024 at 4 p.m.
Sale Shares1,574,807,373 ordinary shares, representing a 7.03% stake in the Company and includes Incentive Shares
Incentive SharesNumber of Sale Shares made available by the Selling Shareholder and proposed to be transferred at nil cost to participating investors
Selling ShareholderMTN International (Mauritius) Limited, a wholly-owned subsidiary of MTN Group Limited
Offer priceUGX 170 per Sale Share
Minimum number of Sale Shares to apply for1,400 Sale Shares. Additional applications must be in multiples of 420 Sale Shares
Qualifying investorsRetail investors and Ugandan, East African and international professional  investors, subject to the sale restrictions below

The details of the Offer may be amended and any such amendment will be announced publicly through  a press statement.

Qualifying investors:

Qualifying investors for the Sale Shares are retail investors and Ugandan, East African and international professional investors. Retail investors are persons who own and and trade in securities for their own account, and who do so in a non-professional capacity. An institutional or professional investor is a corporate organisation whose ordinary business and purpose is to invest its assets or those held in trust for others.

Minimum number of Sale Shares to apply for:

The minimum number of Sale Shares for which an application must be made is 1,400 Sale Shares. Applications for greater than this minimum must be in multiples of 420 Sale Shares with no limit on the number of Sale Shares that a qualiyfying investor can apply for.

Incentive Shares framework and applicable lock-in restrictions:

The Selling Shareholder will allocate Incentive Shares to participating investors at no additional cost. The allocation of Incentive Shares is aimed at encouraging meaningful participation in the Offer. For every 140 Sale Shares, 30 Incentive Shares will be transferred to the participating retail and institutional investors.

Professional or institutional investors who are allocated Sale Shares shall be subject to a lock-in or lock-up restriction. From the date that the relevant portion of the Sale Shares and the Incentive Shares is transferred to the purchasing institutional investor following the conclusion of the Offer, the institutional investor shall not dispose of its shareholding interests in MTN Uganda for a period of six months thereafter. Participating institutional investors shall contractually undertake to this lock-in restriction when delivering a signed Sale Shares order confirmation or placement letter.

This lock-in restriction is appropriate to ensure an orderly market for MTN Uganda’s shares following the conclusion of the Offer, to avoid distorting or creating a false market in the Company’s shares and to protect the interests of existing shareholders who will not have participated in the Offer.

Requirement for SCD accounts:

In order for a potential investor to apply for and complete the purchase of the Sale Shares, the investor must have a securities central depository (SCD) account. If any potential investor does not have a SCD account, the investor must complete the SCD account opening process through the USE Easy-Portal at https://scd.use.or.ug, or by contacting one of thelicensed

stockbrokers and trading members of the USE listed on the USE website at https://www.use.or.ug/content/trading-participants for assistance.

Mode of application:

A qualifying investor may apply to purchase Sale Shares in the following ways:

Commissions payable by participating investors:

In addition to the aggregrate Offer price, a qualifying investor for the Sale Shares will be required to pay all commissions related to the Sale Shares purchased by that investor in accordance with the USE Fees, Charges and Penalties Rules 2021. These are commissions payable to the USE, the Capital Markets Authority, the Capital Markets Authority Investor Compensation Fund and the SCD.  

Allocation policy:

The sole responsibility for allocating the Sale Shares lies with the Selling Shareholder, and applications will be considered in the following order: (a) first, Ugandan and East African retail investors and (b) second, professional investors.In the event of oversubscription, Ugandan and East African retail investors will be prioritised in accordance with the Offer’s objective to broaden local shareholding in MTN Uganda.  

Voluntary suspension of trading in MTN Uganda shares:

Following an application by MTN Uganda, the USE has approved the voluntary suspension of trading in the Company’s shares for the period 27 May 2024 to 12 June 2024 in accordance with Rule 5(1)(c) of the USE Listing Rules. The Company’s shareholders and the public are hereby notified of this suspension.

The voluntary suspension of trading in MTN Uganda’s shares is considered appropriate to facilitate the implementation and conclusion of the Offer without disrupting the market price of the Company’s shares, ensuring an orderly market in the process. A further announcement will be made when the suspension is lifted and normal trading in the Company’s shares can resume.

Sale restrictions:

The Sale Shares shall not be sold to an investor who is based in a country where, in the sole assessment of the Selling Shareholder, the residence of the investor in that country would make the transfer of the Sale Shares to be illegal or otherwise unenforceable. Equally, the Sale Shares shall not be transferred to an investor based in a country which is the subject of sanctions from a domestic or internationally-recognised sanctions authority.  

Investor education and professional advice:

MTN Uganda has a dedicated web-based hub to provide investor information at the following link: https://www.mtn.co.ug/investors. On this portal, prospective investors can access MTN Uganda’s audited financial statements for the years 2016 – 2023, quarterly and full-year earnings releases for 2023 and annual reports for the years 2021, 2022 and 2023. Retail investors are advised to seek professional advice from licensed stockbrokers and investment advisers.

Implementation of Ambition 2025 strategy:

In the prospectus for the initial public offer that took place between 11 October 2021 and 22 November 2021 and in subsequent annual reports, MTN Uganda informed it shareholders and the wider public about the implementation of the Company’s Ambition 2025 strategy.

Ambition 2025 is anchored on building the largest and most valuable platform business. As part of this strategic repositioning, MTN Group is consolidating its infrastructure assets and platforms across its entire Africa footprint to build value and attract third-party capital and partnerships into these businesses. In Uganda, this includes the phased managed and structural separation of MTN Uganda’s financial technology and fibre businesses.

The separation and consolidation of the financial technology and infrastructure businesses will be undertaken on an arms’ length basis and in line with market standards ensuring equitable treatment of minority shareholders. The decision on the appropriate shareholding structure of MTN Group’s financial technology and infrastructure businesses (including those in Uganda) will take into account minority shareholder protection requirements, applicable local laws and regulations and other structuring considerations.

MTN Uganda intends that all existing shareholders will continue to benefit from the Company’s financial technology and infrastructure businesses, whether in the form of listed or unlisted interests, and irrespective of any potential restructuring that may be undertaken. Once an appropriate transaction structure has been approved by the board of MTN Uganda, the transaction will be implemented in accordance with the relevant laws of Uganda and with regard to the interests of the entire body of shareholders of MTN Uganda.

Book closure and dividend payment date for 2023 final dividend:

At the annual general meeting of MTN Uganda for the year ended 31 December 2023 which took place on 22 May 2024, the shareholders of the Company approved and declared the payment of a final dividend of UGX 6.4 per ordinary share (UGX 143.3 billion).

Shareholders and the general public are notified that the books closure date for entitlement to the final dividend has been extended to 12 June 2024. Only shareholders registered in the books of the Company at close of business on that date are entitled to receive the final dividend. The dividend will be paid (net of withholding tax) electronically to the nominated bank accounts or mobile money wallets of eligible shareholders on 25 June 2024, as earlier communicated.

About MTN Uganda

MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the National Telecommunications Operator (NTO) licence granted by the Uganda Telecommunications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices, and MTN Mobile Money (conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. Services are delivered through a network of over 183,000 MoMo agents, 318,000 MoMo merchants, 200 service stores and 13 main distributors. For the quarter ended March 31, 2024, MTN Uganda had 19.9 million subscribers, 12.4 million MoMo users, and 8.6 million active data users. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and www.twitter.com/mtnug for assistance.

 About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our 287.6 million customers in 21 countries in Africa and the Middle East. We are inspired by our belief that everyone deserves the benefits of a modern, connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code “MTN.” We are pursuing our Ambition 2021 strategy, focusing on growth in data, fintech, and digital businesses.

For more information, please contact:

MTN Uganda Press Office: mediadesk.ug@mtn.com

 MTN Uganda has announced a substantial contribution of Shs 42.5 billion to the Uganda Communications Commission’s (UCC) Universal Service and Access Fund, aimed at developing telecommunications services in underserved areas. This marks a significant increase from last year’s contribution of Shs 36 billion.

The announcement was made during a press briefing held at the UCC, highlighting MTN Uganda’s ongoing commitment to driving substantial change and bridging the digital divide in the country. This contribution underscores MTN Uganda’s dedication to not just meeting but exceeding its licensing obligations.

“At MTN, we believe that everyone deserves the benefits of a modern connected world. Therefore, our contribution to the Universal Service and Access Fund is not just an obligation but is deeply aligned with the core values of our business,” said MTN CEO Sylvia Mulinge.

“Connectivity is the cornerstone of our economy, vital for modernizing education, revolutionizing healthcare, and enabling financial inclusion through digital technologies.”

Mulinge emphasized that the new support to UCC aligns with MTN’s 2025 strategy of leading digital solutions for Africa’s progress.

This development comes as recent statistics from the UCC illustrate the critical need for expanded connectivity efforts. In the second quarter of 2023, the country experienced an influx of 600,000 new mobile phone subscriptions, bringing the total to 34.9 million. This substantial growth in mobile services demonstrates a robust national telephone penetration rate of 77 lines per 100 Ugandans.

In addition, the period witnessed a significant 6% increase in active mobile internet users, totaling 12.5 million. This surge is largely driven by the widespread adoption of smartphones, which have become the primary internet access point for most Ugandans.

Thembo Nyombi, Executive Director of the Uganda Communications Commission, highlighted the impact of recent funding on expanding telecommunications services to underserved regions.

“Currently, 85% of government secondary schools have computer labs connected to the internet thanks to this fund,” he stated. “However, while secondary schools are being covered, there is a significant gap in primary schools, where the majority of pupils reach Primary Seven without ever seeing or using a computer.”

Nyombi also disclosed that the communications regulatory agency has utilized the Universal Service and Access Fund to establish 65 masts over the past two years in areas deemed commercially unviable for telecom companies, promoting fair and equal access to digital services.

However, MTN Uganda is not only focused on infrastructure development; it is also deeply committed to cultivating digital skills in the next generation. The telecom company is accelerating smartphone adoption through the increased uptake of its M-Kabode Supa flagship product and other smartphone sales partnerships, following improvements in pricing and value propositions to enhance penetration.

Moreover, MTN Uganda has established over 42 ICT labs in various educational institutions nationwide and continues to engage communities directly through initiatives like the MTN Internet Bus, which provides essential ICT training.

“Today’s significant financial contribution to the Universal Service and Access Fund is a clear indicator of our resolve,” Mulinge added. “We are setting new standards for what can be achieved in digital inclusion and are dedicated to ensuring no Ugandan is left behind.”

MTN Uganda calls on all stakeholders to join in this transformative journey towards a more connected and digitally empowered Uganda. Through collaboration, innovation, and effective implementation, the combined efforts will significantly shape the nation’s digital landscape.

—– END—–

About MTN Uganda

MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the National Telecommunications Operator (NTO) licence granted by the Uganda Telecommunications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices, and MTN Mobile Money (conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. Services are delivered through a network of over 170,000 MoMo agents, 292,000 MoMo merchants, 200 service stores and 13 main distributors. For the full year period ended December 31, 2023, MTN Uganda had 19.5 million subscribers, 12.1 million MoMo users, and 8.2 million active data users. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and www.twitter.com/mtnug for assistance.

 About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our 240 million customers in 21 countries in Africa and the Middle East. We are inspired by our belief that everyone deserves the benefits of a modern, connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code “MTN.” We are pursuing our Ambition 2021 strategy, focusing on growth in data, fintech, and digital businesses.

For more information, please contact:

MTN Uganda Press Office: mediadesk.ug@mtn.com

Martin Sebuliba: martin.sebuliba@mtn.com  or 0772 121 372

Prisca Baike: prisca.baike@tbwa-uganda.com  or 0782 654 083

MTN Uganda is proud to announce the launch of the MTN Wi-Fi SIMU, an innovative device that unifies business voice and internet services on a single platform. This groundbreaking product, unveiled today at the MTN Kyaggwe Service Centre, promises to transform how small and medium enterprises (SMEs) operate, offering unparalleled convenience and efficiency.

MTN Wi-Fi SIMU is designed to cater to the dynamic needs of micro, small, and medium business owners. With this solution, businesses can enjoy simultaneous HD calling and high-speed internet without any interruptions. This is made possible by MTN Uganda’s recent network upgrades, which include VoLTE (Voice over LTE) capabilities, enhancing both voice and internet service experiences.

MTN Uganda is committed to leading digital solutions for Uganda’s progress, with solutions that leverage our cutting-edge technology to make it easier for businesses to operate.

This is why your business needs the MTN Wi-Fi SIMU:

  1. Unified Value Proposition: The MTN Wi-Fi SIMU combines a business ‘039’ number, a fixed phone, an inbuilt internet router and a combo starter bundle, an all-in -one value-pack.
  2. High Capacity Connectivity: Supports up to 32 Wi-Fi users with its robust inbuilt router, ensuring seamless connectivity for staff and guests.
  3. Uninterrupted Service: Businesses can make HD voice calls while maintaining high-speed internet connectivity, ensuring no disruption in operations. In addition, the internal phone battery keeps your services running during power cuts.
  4. Flexible Bundles: Various subscription bundles are available to suit different business needs, ranging from Lite to Premium packs, offering a mix of Minutes to all networks, SMS, and   high-speed Internet access.
  5. MoMo Pay Code: The solution comes with a FREE MoMo pay code, instantly transforming small businesses with a cashless digital payment option.

At the launch event, Mr. Ibrahim Senyonga, the Enterprise Business Unit General Manager at MTN Uganda, emphasized the significance of this product in the context of MTN’s broader vision. “The MTN Wi-Fi SIMU is not just a device, it is a game-changer for businesses in Uganda. With the introduction of VoLTE technology, we are enabling businesses to communicate and collaborate with their staff and customers more efficiently. This solution represents our commitment to innovation and our passion to support the sustainable growth of SMEs in Uganda.”

The wide variety of MTN Wi-Fi SIMU combo bundles are available for subscription every after 30 days by dialing *177*1# or from myMTN app.

Business owners are encouraged to visit any MTN Service Centre countrywide to get their MTN Wi-Fi SIMU today or to contact MTN customer service on WhatsApp 0772123100 or email at customerservice.ug@mtn.com for more details.

With MTN Wi-Fi SIMU, businesses can now separate their personal and business communications efficiently, ensuring a professional image and operational efficiency.

—– END—–

About MTN Uganda

MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the National Telecommunications Operator (NTO) license granted by the Uganda Telecommunications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices, and MTN Mobile Money (conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has  presence in all 134 districts of Uganda. Services are delivered through a network of over 164,000 MoMo agents, 268,0000 MoMo merchants, 200 service stores and 13 main distributors. For the period ended 31 March 2023, MTN Uganda had 17.8 million subscribers, 11 million MoMo users, and 6.7 million active data users. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and www.twitter.com/mtnug for assistance.

About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our 240 million customers in 21 countries in Africa and the Middle East. We are inspired by our belief that everyone deserves the benefits of a modern, connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code “MTN.” We are pursuing our Ambition 2025 strategy, focusing on growth in data, fintech, and digital businesses.

For more information, please contact:

MTN Uganda Press Office: mediadesk.ug@mtn.com

Rhona Arinaitwe: Rhona.Arinaitwe@mtn.com or 0772 123 067

Prisca Baike: prisca.baike@tbwa-uganda.com  or 0782 654 083

.MTN Uganda is rewarding it shareholders with a record UGX 403 billion in dividend payments, 13.2% higher compared to the previous year. This represents 81.7% of the company’s net income recorded last year.

This follows the Annual General Meeting held at the Kampala Serena Hotel that approved third and final dividend of UGX 6.4 per share, amounting to UGX 143.3 billion.  The company has set the payment on 25 June 2024.

With two interim dividends of UGX 5.6 and UGX 6.0 per share paid in September and December 2023, the final dividend payment of UGX 6.4 per share to be paid, brings the total dividend to UGX 18 per share.

“We are delighted to distribute the rewards of an outstanding year to our shareholders, who have consistently demonstrated their confidence in our strategic direction and operational capabilities,” said Sylvia Mulinge, Chief Executive Officer of MTN Uganda.

“This year’s increase in dividends underscores MTN Uganda’s robust performance and our unwavering commitment to delivering shareholder value.”

The enhanced dividend payout follows a significant 21.4% growth in MTN Uganda’s profit after tax, which reached UGX 493 billion for the year ended December 31, 2023. The achievement was bolstered by a notable 21.6% increase in data revenue, rising to UGX 621.9 billion.

Furthermore, the company observed a 22.4% increase in active data subscribers, totaling 8.2 million, alongside a growth in total mobile subscribers by 13.3% to 19.5 million.

Technological advancements were also at the forefront of the company’s achievements, with the deployment of 37 new 5G sites and recognition by Ookla for providing Uganda’s fastest internet speeds. MTN Uganda’s device financing initiatives, such as MTN Kabode, significantly increased smartphone usage on its network, with penetration now at 39.1%.

“In addition to expanding our network, we are at the forefront of revolutionizing digital connectivity and interaction for our customers. The introduction of e-SIM technology marks a significant milestone, offering unmatched flexibility and convenience,” Mulinge said.

In the financial services segment, MTN Uganda entered into a strategic partnership with Ericsson to enhance its Mobile Money (MoMo) services, further emphasizing its commitment to financial inclusion and secure mobile transactions.

Reflecting on the year’s achievements, Charles Mbire, Chairperson of the MTN Uganda Board, stated, “This year has established a new standard for MTN Uganda. Our record profits and enhanced dividend payouts are a testament to our strategic acumen and operational excellence. More importantly, they reflect our commitment to empowering communities, driving technological innovation, and improving the lives of millions across Uganda.”

Looking ahead, MTN Uganda continues to focus on significant investments in network infrastructure, customer acquisition, and fintech innovations. The company is committed to achieving 90% geographical coverage across Uganda by 2025, in accordance with its National Telecom Operating License obligations.

“Our vision for the future is resolute. With ongoing support from our shareholders and customers, MTN Uganda is poised for even greater achievements. Together, We’re Unstoppable,”  Mulinge said.

 —– END—–

About MTN Uganda

MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the National Telecommunications Operator (NTO) licence granted by the Uganda Telecommunications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices, and MTN Mobile Money (conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. Services are delivered through a network of over 170,000 MoMo agents, 292,000 MoMo merchants, 200 service stores and 13 main distributors. For the full year period ended December 31, 2023, MTN Uganda had 19.5 million subscribers, 12.1 million MoMo users, and 8.2 million active data users. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and www.twitter.com/mtnug for assistance.

 About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our 240 million customers in 21 countries in Africa and the Middle East. We are inspired by our belief that everyone deserves the benefits of a modern, connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code “MTN.” We are pursuing our Ambition 2021 strategy, focusing on growth in data, fintech, and digital businesses.

For more information, please contact:

MTN Uganda Press Office: mediadesk.ug@mtn.com

Martin Sebuliba: martin.sebuliba@mtn.com  or 0772 121 372

Prisca Baike: prisca.baike@tbwa-uganda.com  or 0782 654 083

MTN Uganda, in its ongoing commitment to supporting religious initiatives of national significance, has officially handed over a donation of Ugx 20,000,000 to Nebbi Diocese in preparation for this year’s Martyrs’ Day celebrations. The handover ceremony took place today, May 2nd, symbolizing MTN’s solidarity with the Catholic community as they lead the commemoration of the Uganda Martyrs.

Mildred Nsinda Kasirye, MTN Uganda’s Trade Marketing Manager flanked by  Brian Kagwisagye, MTN Uganda’s North Regional Business Manager congratulated Nebbi Diocese on the meticulous preparations undertaken for this historic event. He remarked, “Together we are unstoppable, and MTN is honored to stand alongside Nebbi Diocese as they lead this year’s Martyrs’ Day celebrations. Religious institutions play an integral role in nurturing communities and pledge our continued support which underscore our shared values of resilience, unity, and community empowerment.”

The donation from MTN aims to facilitate the smooth organization of the Martyrs’ Day festivities, which hold profound significance in Uganda’s religious landscape. As the faithful gather at the Namugongo Catholic Shrine to honor the memory of the 45 martyrs, both Catholic and Anglican, MTN’s contribution will contribute to ensuring a memorable and spiritually enriching experience for pilgrims.

In line with MTN’s ethos of empowering communities, Nebbi Diocese has been allocated a MoMo Fundraising Code, 190139 in the names of Nebbi Catholic Diocese, allowing faithful individuals to contribute towards the Martyrs’ Day preparations. This initiative underscores MTN’s commitment to leveraging technology for social good and facilitating broader community participation in meaningful events.

Responding to MTN’s gesture of goodwill, Bishop Raphael p’Mony Wokorach of Nebbi Catholic Diocese expressed heartfelt gratitude, stating, “I would like to thank MTN for their generous assistance towards this monumental event. The significance of Martyrs’ Day transcends our individual efforts, and support such as this deserves our utmost appreciation. Together, let us continue to serve the Lord and commemorate the enduring faith of the Uganda Martyrs.”

In addition to financial support, MTN will also provide the pilgrims with refreshments and 500 reflector jackets for their safety as they make their pilgrimage by foot to the Namugongo Catholic Shrine in Central Uganda, ahead of the Martyrs Day celebrations. Furthermore, MTN will sponsor the broadcast of activities leading up to Martyrs’ Day celebrations, as well as the proceedings of the actual day on local TV stations, enabling wider participation in the celebrations remotely

As Uganda commemorates the 60th anniversary of the canonization of the Uganda Martyrs by Pope Paul VI on October 18, 1964, this year’s theme, “As for me and my Household, we shall serve the Lord” (Joshua 24:15), resonates deeply with the enduring legacy of faith and sacrifice exemplified by the Martyrs. MTN Uganda remains committed to fostering partnerships that promote unity, spirituality, and cultural heritage, reflecting the company’s ethos of making a meaningful impact in the communities it serves.

MTN Uganda, the premier telecommunications provider in the country, proudly announces a historic milestone as it celebrates reaching 20 million active customers, reaffirming its position as Uganda’s largest telecom operator.

At a special staff town hall meeting attended by a distinguished delegation from MTN Group and MTN Uganda’s leadership, Teopister Nakyanzi from Busuula Town, Wobulenzi, Luweero District, was honored as MTN Uganda’s 20 millionth customer. Teopister, accompanied by her 20-year-old son Joshua, expressed her joy for the recognition. “I am overjoyed to be part of this momentous occasion and grateful to MTN Uganda for this recognition,” said Teopister Nakyanzi. The son couldn’t help noting the coincidence between his age and the 20 millionth customer milestone. “I hope it will be me you’re celebrating when you reach 30 million customers”, he joked.

MTN CEO Ms Sylvia Mulinge, MTN 20 Millionth Customer Teopister Nakyanzi from Busuula Town and her son Joshua, MTN Group’s Vice President of Southern & Eastern Africa, Ms. Yolanda Cuba

Noting the significance of this milestone, Yolanda Cuba, the MTN Group Vice President – Southern & Eastern Africa, remarked, “MTN Uganda’s achievement of 20 million customers is the equivalent of the entire population of a sister market. This is how big this milestone is. We congratulate Teopister and encourage her to inspire others to join the unstoppable network.”

On her part, the MTN Uganda CEO, Sylvia Mulinge, who since joining MTN Uganda has been a strong advocate of increasing the number of women in both the corporate and entrepreneurship spaces, noted with happiness that the milestone customer was a lady. She expressed her gratitude to the entire team at MTN Uganda for believing and going after what looked like an insurmountable target. “This achievement underscores our commitment to connect all of Uganda. Together, we have proven that no goal is too ambitious when we work together towards a common purpose,” she stated.

MTN Group and MTN Uganda Executive team led by Vice President of Southern & Eastern Africa, Ms. Yolanda Cuba,eopister Nakyanzi from Busuula Town and her son Joshua

As a token of appreciation, Teopister Nakyanzi was presented with a brand new Tecno Camon 30 smartphone, assorted groceries, branded merchandise, and a cash token via MoMo. The event also celebrated MTN MoMo crossing the 300,000 mark for the number of merchants using the service to receive payments for traded goods and services.

—– END—–

About MTN Uganda

MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the National Telecommunications Operator (NTO) licence granted by the Uganda Telecommunications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices, and MTN Mobile Money (conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. Services are delivered through a network of over 170,000 MoMo agents, 292,000 MoMo merchants, 200 service stores and 13 main distributors. For the full year period ended December 31, 2023, MTN Uganda had 19.5 million subscribers, 12.1 million MoMo users, and 8.2 million active data users. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and www.twitter.com/mtnug for assistance.

 About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our 240 million customers in 21 countries in Africa and the Middle East. We are inspired by our belief that everyone deserves the benefits of a modern, connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code “MTN.” We are pursuing our Ambition 2021 strategy, focusing on growth in data, fintech, and digital businesses.

For more information, please contact:

MTN Uganda Press Office: mediadesk.ug@mtn.com

Martin Sebuliba: martin.sebuliba@mtn.com  or 0772 121 372

Prisca Baike: prisca.baike@tbwa-uganda.com  or 0782 654 083

MTN Uganda, the country’s leading telecommunications provider, announces the launch of its latest internet offerings under the WakaNet Home Internet. With a focus on delivering high-speed internet access to cater to the diverse needs of Ugandans, these new packages represent MTN’s commitment to advancing connectivity and driving progress across various sectors.

The latest offers bring great value to customers with the WakaNet Router offer, priced at Ugx 130,000, includes a free router and provides users with high-speed internet at 10Mbps for 30 days. Similarly, the WakaNet Fiber offer, also available from as low as Ugx 130,000, ensures reliable connectivity with internet speeds of 10Mbps for 30 days. 

For those with heavier internet usage demands, MTN introduces the new Prestige Fiber package, offering lightning-fast speeds of 60Mbps on WakaNet Fiber for 30 days at Ugx 395,000. This premium offering caters to the needs of businesses, remote workers, and entertainment enthusiasts, enabling them to stay connected and productive without compromise.

Somdev Sen, Chief Marketing Officer at MTN Uganda, expressed excitement about the refreshed WakaNet offerings, stating, “At MTN, we believe that everyone deserves access to reliable and high-speed internet, regardless of their location or usage requirements. Our latest WakaNet packages reaffirm our commitment to bridging the digital divide and enabling progress in key sectors such as business, medicine, agriculture, and education.”

In addition to the new internet offers, MTN will deploy impact marketing teams in selected areas to assist individuals in connecting to the Unstoppable Network through WakaNet.

Dial *100*23# or MyMTN app to get started or visit mtn.co.ug/5G/ to find out more.

As we continue to observe the Women’s month, MTN Uganda is delighted to announce the unveiling of 118 exceptional women entrepreneurs who have been selected as service providers under the Advancing Women Entrepreneurs (AWE) program.

Launched in October last year, this initiative underscores MTN’s commitment to empowering and uplifting women in business across Uganda.

The AWE program was designed with the aim to; grow the female MTN supplier base, build the capacity of women businesses through skills development as well as building sustainable business eco systems through mentorship and coaching programs.

Through a rigorous selection process following its expression of interest call, MTN has identified and partnered with talented women entrepreneurs from diverse sectors including I.T, network, commercial, professional, and facility-related services.

According to The MTN Uganda Chief Executive Officers, Sylvia Mulinge, the selected women have demonstrated exceptional skills, passion, and determination; showcasing the incredible potential and versatility of female-led businesses in our country.

“We are thrilled to unveil these remarkable women entrepreneurs who have not only met but exceeded our expectations,” said Mulinge. “By choosing these women entrepreneurs as service providers to MTN Uganda, we are not just investing in their businesses; we are investing in the future of Uganda. We believe that by empowering women economically, we create a ripple effect that benefits families, communities, and ultimately, our nation’s prosperity.”

As part of MTN Uganda’s commitment to gender diversity and inclusion, the company has significantly increased the representation of women suppliers.

“By enlisting these exceptional 118 women entrepreneurs as part of the MTN supplier base, I am pleased to note that we have moved the needle from 7% women suppliers in 2023 to 15% in 2024,” added Mulinge.

The event was presided over by renowned entrepreneur and founder of the Gudie Farm, Prof. Gudula Naiga Basaza, who also doubles as the Chairperson of the Uganda Women Entrepreneurs Limited (UWEAL) advised the women entrepreneurs to be focused, resilient, tenacious and compliant, for their businesses to thrive.

MTN Uganda extends its gratitude to all partners and mentors who have contributed to the success of the Advancing Women Entrepreneurs program, including DFCU Bank (Women in Business), PSFU, NSSF Hi Innovators, ATC, UN Women, The Innovation Village, and MTN MoMo.

MTN is committed to supporting women-owned businesses across Uganda, backed by the strong belief that Together, we’re unstoppable.

Dorothy Kabagambe Semanda- CEO ATC Uganda

ATC Uganda is committed to working alongside MTN Uganda to ensure the success of the AWE program. As ATC, we have already ring-fenced work that is to be done by women. We shall focus on training women on running successful construction companies with emphasis on practical skills that are required in the sector.

Kate K Kiiza- ED DFCU Bank

DFCU is backing the AWE programme with tailored financing; subsidized interest rates, and relaxed collateral for participants to help women thrive in today’s competitive business world. To build capacity, we’ll provide training in financial management, ESG, and gender diversity. We have set up a Women in Business (WiB) advisory council and a centre accessible to all women.

Paulina Chiwangu – UN Women Country Representative Uganda

As Women, we should work together to eliminate all forms of violence against us. We’ve to make sure that peace and security prevail above all else for our businesses to thrive.

Dr. Aisha Kasolo – Project Director (GROW) PSFU

The decision for MTN to look at women and consider them for these male dominated spheres makes Uganda proud.

Richard Zulu –Lead Founder, Outbox

Seeing big corporates ring-fence part of their budget for women entrepreneurs is very impressive. This speaks volumes of where we are headed as a nation

Richard Yego- MTN MoMo CEO

We want to see more women in the Mobile Money business. We encourage all our suppliers to digitize their financial transactions through MTN MoMo.

–