MTN Contributes Shs 50.55 billion towards UCC’s Universal Service and Access Fund
MTN Uganda has announced a contribution of approximately Shs 50.55 billion to the Uganda Communications Commission’s Universal Service and Access Fund (UCUSAF), marking the company’s largest annual contribution to date towards expanding telecommunication services in underserved communities. This development reflects MTN Uganda’s deepening commitment to accelerating digital inclusion and supporting
MTN reaffirms commitment to Uganda as a strategic growth market
A high-level MTN Group delegation, led by Group Chairman Mcebisi Jonas and Group President and Chief Executive Officer Ralph Mupita, visited Uganda this week to engage with national leaders and key stakeholders. The visit underscores MTN Group’s enduring commitment to Uganda as a strategic market within its pan-African growth agenda.
Relief as Supreme Court blocks I&M Bank from taking over Haruna Sentongo’s properties
The Supreme Court has issued an injunction restraining I&M Bank Uganda from selling, transferring, alienating, evicting, or taking possession of properties belonging to city businessman Haruna Sentongo, a brother to Hamis Kiggundu. The properties in question are located on Kibuga Block 12, Plots 250, 251, and 252 in Mengo. In
“Currency, Money Markets Remain Steady Amid Global Trade Developments”
The Ugandan shilling remained stable, trading within the 3,650–3,670 range, supported by dollar inflows from commodity exporters and offshore investors, according to Richard Nsubuga, a Trader in CIB Markets at Absa Bank Uganda. Demand for the dollar remained low throughout the week. We anticipate the shilling will maintain its strength
𝐒𝐨𝐥𝐚𝐫 𝐌𝟕 unveiled 𝐭𝐨 e𝐱𝐩𝐚𝐧𝐝 e𝐧𝐞𝐫𝐠𝐲 a𝐜𝐜𝐞𝐬𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐦𝐨𝐭𝐞 d𝐢𝐠𝐢𝐭𝐚𝐥 i𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 𝐢𝐧 r𝐮𝐫𝐚𝐥 𝐔𝐠𝐚𝐧𝐝𝐚
The Minister of State for ICT, Joyce Nabbosa, has officially launched Solar M7, a mobile and affordable solar kit designed to bring clean energy and digital inclusion to rural households in Uganda. Speaking during a media-only briefing in Kampala on Thursday, Nabbosa explained that the initiative is part of the
MTN rolls out nationwide network upgrade to enhance connectivity, boost customer experience
MTN Uganda is rolling out an ambitious nationwide network upgrade aimed at enhancing voice, data, and mobile money services, ensuring customers enjoy a more seamless and superior digital experience. The three-month initiative, which runs through July 2025, is a key pillar of the company’s broader strategy to strengthen digital connectivity
David Wandera appointed Managing Director of Absa Bank Uganda
David Wandera has been appointed as Managing Director of Absa Bank Uganda effective 5 May 2025, following the necessary regulatory approval from the Bank of Uganda. David is an accomplished banker with over 20 years of diverse experience in business leadership, financial management, strategy and stakeholder engagement. Prior to this
Bayobab Uganda Launches Strategic Fibre Optic Route Along Railway Line
Bayobab Uganda has launched its newest and shortest fibre optic route—the Uganda Railway National Long Distance (NLD) route—from Malaba to Kampala. Bayobab, a subsidiary of MTN Group and the Group’s digital infrastructure arm, is a leading force transforming connectivity across the East African Corridor. This strategic infrastructure initiative aligns with
aBi Finance Advances ESG Integration in Uganda’s Tier 4 Financial Institutions
aBi Finance is empowering Uganda’s leading microfinance institutions and SACCOs to integrate Environmental, Social, and Governance (ESG) principles into their operations through a targeted training program. Delivered in partnership with the Uganda Institute of Banking and Financial Services (UIBFS), the initiative aims to foster sustainable growth and promote responsible financial
URA foils Kadama Smuggling Plot, Seizes Phone Screens, Laptops and Smartphones worth Shs 329.3 million
The Uganda Revenue Authority (URA) Enforcement team at Entebbe International Airport recently intercepted a significant consignment of smuggled mobile phone accessories valued at USD 90,000 (Shs 329.3 million). The seized items included 1,172 packets of button phone screens and 22,837 packets of LCD/LED phone screens. With the growing demand for
