Telecoms

CompaniesMergers & Acquisitions

Seacom acquires Africell assets to expand enterprise business

Seacom on Thursday announced that it is acquiring certain infrastructure assets from the defunct telecom operator Africell Uganda Limited
Servers in a data centre
Companies

Airtel, MTN bring back fees for mobile money transactions

Uganda's two largest telecom firms, MTN Uganda and Airtel Uganda, said they will reintroduce charges on mobile money transactions starting Tuesday, ending the zero-fee charging structure announced in March
A female person using a smart phone
CompaniesCorporate earnings and resultsMarkets

MTN Uganda profits surge on subscriber growth

Telecoms firm MTN Uganda reported on Wednesday strong growth in full-year revenue and operating profit, helped by increases in income from outgoing voice calls, data revenue, and mobile money revenue
MTN Offices in Kampala
Companies

MTN in talks to sell stake to NSSF

MTN Uganda and the government are in talks that could see the National Social Security Fund taking a stake in the telecom, increasing local ownership in the country's biggest taxpayer from the current 5%
MTN Offices in Kampala
EconomyInfrastructure

Uganda’s 2017/18 economic growth beats forecasts

Uganda's gross domestic product growth rebounded strongly in the 2017/2018 financial year on the strength of a pick-up in investments and exports, according to the World Bank
A mobile phone mast
Companies

Africell secures $100m Opic loan to expand in Uganda and DR Congo

The Overseas Private Investment Corporation, the US government development finance institution, is lending $100m to telecom company Africell Holdings Limited to expand its mobile telephone and internet services in its countries of operation
Africell Uganda outdoor advertising road sign board
Companies

Data and mobile money drive Airtel Uganda’s strong growth in 2017

Airtel Uganda Limited, Uganda's second largest telecom, reported solid income growth during the 2017 calendar year as revenue improved while expenses dropped
CompaniesCorporate earnings and resultsMarkets

MTN Uganda half year revenue lifted by digital growth – and constant currency reporting

Uganda's largest telecom MTN Uganda benefitted from a reduction in commissions paid to its mobile money agents in the first six months of this year, with an acceleration in income from digital streams driving revenue growth.
MTN Offices in Kampala
Digital EconomyPolitics & Policy

Airtime Scratch Cards: Today is last day they can be used, minister insists

The Uganda Communications Commission and the Ministry of Information, Technology and National Guidance have maintained that today marks the last day for the use of airtime scratch cards
A mobile money agent in Gulu, Northern Uganda
Digital EconomyPolitics & Policy

Telecoms start collecting social media and mobile money taxes

The new measures, which went into effect on Sunday, include a 1% charge on every mobile money transaction and a Shs200 daily levy for the use of social media
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