MTN Uganda CEO welcomes new chief marketing officer

The telco's restructuring plans are in line with the Group's Ambition 2025 strategy, which seeks to unlock value, attract new investors, and ensure regulatory compliance by establishing independent fintech firms in Uganda, Ghana, and Nigeria.

The telco handed over $13.3m, its largest yearly contribution to date, to the Universal Service and Access Fund.

With Uganda's digital economy growing, MTN says its infrastructure investment is crucial in closing the connectivity gap.

The business says its success in 2024 allows it to pay $139 million (UGX506 billion) in dividends to shareholders.

The telco says the achievement is a direct result of the hard work and dedication of the team, and underscores the impact of its collective efforts.

MTN and the Uganda Capital Markets Authority are exploring new partnership to promote investment in Uganda.

The telco's home broadband plan proved successful, with active subscribers increasing by 130% over the current reporting period.

The telecom provider says by improving digital literacy and innovation, it is contributing to Uganda's goal of becoming a digitally-empowered economy.

The telco launched the various packages, including fibre-based connectivity.

Despite strong performances from the two countries, the volatility of the Nigerian naira harmed the telco group's overall profitability.

The company upgraded 3,241 cell sites to solar and lithium-ion battery storage as the primary power source and connected 2,329 sites to grid power, moving away from diesel generators.