MTN Uganda pays hefty dividends

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.

MTN Uganda reported that its workforce is now made up of 51% female workforce, ahead of its 2025 target.

The appointments took effect in September last year, and MTN stated at the time that the step ensures the telecom provider actively supports gender diversity.

MTN Rwanda and MTN Uganda generated strong performances, strengthening their market positions in their respective countries

Leadership met with Ugandan President Yoweri Museveni during his two-day state visit to South Africa and discussed efforts to support Uganda’s development.