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MTN Uganda, in collaboration with the Federation of Uganda Football Associations (FUFA), has proudly unveiled the new official jersey for the Uganda Cranes ahead of the highly anticipated upcoming Africa Cup of Nations (AFCON) qualifiers. The jersey, which prominently features MTN Uganda’s logo, signifies the company’s unwavering support for the national team as they prepare for continental competition.

The jersey unveiling event took place at the MTN Uganda headquarters in Kampala and was attended by top officials from both MTN Uganda and FUFA, along with members of the Uganda Cranes.

Speaking at the ceremony, Somdev Sen, MTN Uganda’s Chief Marketing Officer, emphasized the importance of national pride and unity that the new jersey represents. “This jersey is not just a piece of apparel; it’s a statement of our collective identity and support for the Uganda Cranes. We are thrilled to offer fans a modern and dynamic jersey that they can wear with pride as they cheer on the team during the ongoing AFCON qualifiers. We encourage all Ugandans to grab their jerseys, wear them with pride, and rally behind our team,” said Somdev Sen.

Mr. Rogers Byamukama, the ExCom member in charge of Marketing, echoed these sentiments, highlighting the strong partnership between MTN Uganda and Ugandan football. “We are excited to present this new jersey, which captures the passion and determination of the Uganda Cranes. As we approach the upcoming AFCON qualifier matches, we urge all Ugandans to show their support by donning the jersey and creating a powerful wave of unity and encouragement for the team,” Rogers stated.

The newly designed jersey is now available for purchase at FUFA House. Additionally, fans can conveniently order the jerseys online through the Market by MoMo platform, MTN Uganda’s e-commerce solution that enables customers to shop for products and services with ease. Customers purchasing through Market by MoMo can enjoy home delivery in and around Kampala, making it easier than ever to support the Uganda Cranes.

The jerseys are available in three color variants that play a unifying role among all Ugandans, namely; Black, Yellow, and White, with the following pricing options: the Match Day Jersey is priced at UGX 120,000, while the Replica Jersey – Cat 2 is available for UGX 50,000 (or UGX 45,000 when purchased via Market by MoMo during the month of September), and the Replica Jersey – Cat 3 is offered at UGX 30,000 (or UGX 25,000 via Market by MoMo during the month of September).

Fans can order their jerseys through Market by MoMo by visiting Market by MoMo or accessing the MoMo app and selecting the Market icon. Payment options include mobile money and major credit/debit cards such as Mastercard, Visa, or Union Pay. MTN Uganda is offering a UGX 5,000 discount on replica jerseys purchased through Market by MoMo during the month of September.

The Uganda Cranes are set to face Congo Brazzaville on 9th September at the Mandela National Stadium, Namboole, in the ongoing AFCON qualifiers. Fans are encouraged to purchase their jerseys and tickets early and to show up in full support, wearing their new jerseys as they cheer on the Cranes towards victory.

How to order the Uganda Cranes jersey through Market by MoMo

  1. Log onto the Market by MoMo platform at https://market.momo.africa/. Or visit the Momo app and follow the Market ICON.
  2. Browse the available jerseys, add to their cart, and proceed to checkout to complete the payment through Mobile Money or Card (Mastercard, Visa or Union pay).
  3. A Market by MoMo agent will reach out shortly after the customer has placed his/her order to confirm their order details. The delivery will then be on its way.

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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 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

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

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

The recently concluded 2024 MTN Uganda Suppliers’ Forum was a landmark event, celebrating the spirit of collaboration and innovation that fuels MTN Uganda’s success. Among the highlights of the forum was the presentation of the Supplier Innovation Award to Ericsson and GD Experts Ltd.

The Supplier Innovation Award was an acknowledgement of suppliers who have made extraordinary contributions to enhancing MTN’s service offerings through innovation, excellence, and a commitment to MTN’s mission.

“We are thrilled to honor GD Experts Ltd for their groundbreaking work in advancing our technological capabilities and helping us deliver world-class services to our customers,” announced Michael Sekadde, the MTN Uganda Human Resources General before handing over the award.

GD Experts Ltd has been a driving force in our journey toward digital transformation. Their remarkable ingenuity and expertise have led to the development of solutions that significantly improve our operational efficiency and service delivery. Their unwavering dedication to innovation and excellence has solidified their position as a valuable partner in our mission to provide top-tier services to our customers.

MTN’s GM Capital Projects, Nicholas Beijuka (L) hands over an Innovation Award to the Ericcson Team.

Adding to this, Nicholas Beijuka, MTN Uganda’s General Manager Capital Projects praised the Ericsson for their outstanding contributions, saying: “Ericsson has consistently demonstrated a commitment to excellence and innovation, which has been pivotal in helping us achieve our strategic objectives. We look forward to continuing this journey together, creating value for our customers and stakeholders.”

Ericsson, with its cutting-edge technology and forward-thinking approach, has consistently pushed the boundaries of what’s possible. Their deep understanding of our needs has been instrumental in enhancing our network infrastructure, ensuring that we continue to offer reliable, high-quality connectivity in an increasingly competitive industry.

The recognition of these outstanding suppliers was a key moment during the forum, which was held under the theme “Building Tomorrow’s Supply Chain Today.” This theme underscored the importance of innovation, collaboration, and adaptability in creating resilient, future-ready supply chains. The event highlighted the critical need to harness emerging technologies and financial solutions to enhance operational efficiency and sustainability in the supply chain ecosystem.

MTN Uganda successfully held the inaugural MTN ICT Expo 2024, a landmark event set to revolutionize Uganda’s digital landscape.

The Expo, held on the 1st and 2nd of August at the prestigious Mestil Hotel, brought together industry leaders, innovators, and key stakeholders to explore the transformative power of digital technology under the theme ‘Accelerating Business Transformation with Digital Technology.

Building on the resounding success of the inaugural MTN ICT Solutions Conference in 2023, this year’s Expo, endorsed by the Ministry of ICT, aimed to further establish MTN Uganda as a pioneer in technology solutions. The event focused on four pivotal service areas: Cloud Solutions, Unified Communications, Internet of Things, and Digital Services.

The Guest of honor, Hon. Aminah Zawedde, Permanent Secretary of the Uganda Ministry of ICT and National Guidance. commended MTN Uganda for organizing the MTN ICT Expo and thanked all participating partners. “The government recognizes the private sector’s crucial role in the Digital Transformation Roadmap for Uganda, which aligns with our 2040 vision. We appreciate MTN’s leadership in driving digital transformation and supporting youth skilling,” said Hon. Zawedde

In her remarks, Sylvia Mulinge, CEO of MTN Uganda, emphasized the company’s unwavering dedication to innovation, sustainability, and excellence in ICT. “MTN Uganda’s commitment to investing in countrywide network coverage, sustainable and green data centers across the country, and digital skills development for the young workforce aligns with our Ambition 2025 to lead digital solutions for Uganda and Africa at large,” said Mulinge. “We are proud to drive Uganda’s digital transformation and support both the private and public sectors with our cutting-edge technologies.”

Ibrahim Senyonga, General Manager of MTN’s Enterprise Business Unit (EBU), highlighted the vital role of digital technologies in driving efficiency, innovation, and growth in enterprises. “Our partnerships with leading companies such as Bayobab, Chenosis, , Infobip, , Galooli, Chrif Group, Cisco and Microsoft have enabled us to offer a comprehensive range of enterprise solutions that cater to the unique needs of businesses,” said Senyonga. “The MTN ICT Expo is a testament to our commitment to enabling enterprises to thrive in the digital age.”

MTN Uganda has been a crucial driver of digital transformation in the country, with substantial investments in infrastructure, innovation, and partnerships. The company has greatly expanded mobile and fiber network coverage, enhancing internet accessibility across Uganda. MTN’s Mobile Money service has revolutionized financial inclusion, offering millions of Ugandans access to digital payments and financial services. Additionally, MTN has made significant strides in deploying 4G and 5G technologies, fostering a dynamic digital ecosystem through collaborations with various sectors, and promoting digital literacy to empower individuals and businesses.

MTN Uganda has also supported several significant national digital transformation projects, including the First National Digital Census and Digital Agent Payments, facilitating efficient data collection and financial transactions, and UCC RUCUSAF Projects, connecting 4,200 homesteads to digital platforms.

The MTN ICT Expo 2024 showcased the latest innovations and underscored the profound impact of technology on businesses, the public sector, and the broader community.

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.

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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.

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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.