MTN Uganda is offering free shares to Kenyan investors in a bid to motivate them in buying stocks in the telecom firm. MTN Uganda yesterday opened an initial public offering (IPO) at $250-million yesterday. South Africa’s MTN Group is currently selling 4.47 billion shares in its Ugandan arm at a price of Ksh6.20 ($0.056) per...
Africell Uganda mobile money customers have been directed to access their mobile money transactions through Stanbic Bank Uganda. The announcement was made by Bank of Uganda (BoU), following a decision by Africell Uganda to close their business on the Ugandan market by October 7, 2021. Africell Uganda telecom has been offering mobile money services in...
MTN Uganda, the East African nation’s biggest telecommunications operator, said on Monday it had set its initial public offering price at 200 Ugandan shillings (R0.83) per share. “The MTN IPO is officially open,” MTN Uganda CEO Wim Vanhelleputte told a news conference in Kampala, urging the Ugandan public to invest, adding that the IPO will close...
MTN Uganda has announced its intention to proceed with an initial public offer (IPO) and subsequently list on the Uganda Securities Exchange (USE). According to a statement from the company this follows the requisite approval by the Capital Markets Authority and Uganda Securities Exchange for MTN Group to sell 20% of its shareholding in MTN...
The Uganda Communications Commission (UCC) says the country’s telecommunications industry has registered modest growth across all major indicators. According to the latest market performance report, fixed and mobile telephone subscriptions grew by 600, 000 from 28.3 million to 28.9 million, a growth rate of 2%, while internet subscriptions grew by 352, 000 from 21.5 million...
Members of Parliament (MPs) have tasked government to prevail over telecommunication companies that are charging exorbitantly for services which is affecting communications countrywide. The MPs voiced their concerns on Thursday 23, September 2021 following a presentation on the state of quality of telecom services in the country by the Minister of Information Communication Technology and...
The Uganda Communications Commission (UCC) has agreed to award an extra 5MHz of wireless spectrum in the 1800MHz and 2100MHz bands to the country’s largest cellular operator MTN. The firm says it needs the additional frequencies to increase its network capacity and improve quality of service (QoS). The award is conditional on MTN upgrading its entire network to...
The Bwerenga village, on the shores of Lake Victoria in central Uganda, is one of the latest villages in the East African country to be connected to the world via digital satellite television. The village, which receives a poor television signal, is part of a project that China promised at the 2015 Forum on China-Africa...
Since 2010, the central securities depository (SCD) of the Ugandan stock market has been engaged in the digitization of its operations. It has just taken a new step thanks to its collaboration with MTN MoMo. Mobile operator MTN Uganda has further democratized Ugandans’ access to the local stock market. It is now possible, from its Mobile Money...
Africell Uganda is not only seeking to end its loss making and debt-ridden business, it has less than a month to come up with money to fulfil the tough exit conditions set by the sector regulator, including paying its creditors before the company formally winds up operations on October 7. The EastAfrican has learnt that in...
