MTN Uganda has reappointed Charles Mbire as board chairman for a further three-year term, with overwhelming support from 99 percent of the vote.
The resounding vote of confidence reinforces both stability and ambition at the company. Mbire’s near-unanimous endorsement is more than procedural.
It demonstrates strong investor belief that the respected businessman is the right choice to steer the telecom giant into its next phase of growth, as Uganda’s digital economy accelerates and competition intensifies.
Mbire is one of Uganda’s most influential business leaders, with deep roots across telecommunications, finance and energy.
As chairman, he has played a pivotal role in shaping MTN Uganda’s strategic direction, strengthening governance and reinforcing investor confidence.
His leadership has coincided with the company’s sustained dominance in both voice and data services, alongside an aggressive expansion into digital products.
That confidence is reflected in the numbers. MTN Uganda’s share price has surged from Shs 312 in November 2025 to Shs 470 in March 2026, one of the strongest rallies on the Uganda Securities Exchange in recent years.
The growth has delivered significant value to institutional investors such as the National Social Security Fund, while also boosting Mbire’s own 4 percent stake in the company.
“Shareholders have sent a strong message about continuity and performance. Mbire represents both stability and strategic clarity at a time when telecoms are evolving into full digital ecosystems,” the company said.
Under his renewed mandate, MTN Uganda is expected to deepen its push into fintech, enterprise services and broadband expansion, key pillars in its ambition to become a leading digital platform player.
The next three years are expected to see increased investment in mobile financial services, network infrastructure and data-driven solutions aimed at capturing Uganda’s growing, youthful, and increasingly connected population.
The AGM also approved the appointment of David Ogong as a new board director, further strengthening institutional oversight at a time of rising shareholder value.
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