Table of Contents
Key Points
- Charles Mbire’s stake in MTN Uganda has grown by $2.4 million in 2025, reinforcing his position as Uganda’s wealthiest investor.
- MBire’s 4% stake in MTN Uganda is now valued at nearly $70 million, marking a record high for his holdings.
- MTN Uganda’s stock price rose by 3.6% in early 2025, adding significant gains for shareholders like Mbire.
Building on the gains recorded in 2024, when his stake in MTN Uganda added $25.3 million to his wealth, Ugandan business executive Charles Mbire is continuing to see significant gains in 2025. So far, he has realized portfolio growth of over $2.4 million from his shares in the telecom group, reinforcing his status as the wealthiest investor on the Uganda Stock Exchange (USE).
As chairman of MTN Uganda, Mbire holds a 4 percent stake in the telecom group, equivalent to 895,561,810 shares. Recent market data retrieved by Billionaires.Africa reveals that in the first ten days of 2025 alone, his stake has appreciated by Ush8.95 billion ($2.42 million), raising the total market value of his shares to nearly $70 million.
These gains build on the $25.3 million increase in 2024, when the value of his stake grew from Ush152.74 billion ($107.9 million) at the start of the year to Ush246.3 billion ($66.6 million) by December. As of now, Mbire's holdings are valued at over $69 million, marking a steady and remarkable rise.
MTN Uganda shares gain 3.6 percent
MTN Uganda, a key subsidiary of MTN Group, Africa's largest telecom provider, serves 21.6 million subscribers, maintaining a dominant presence in the Ugandan market.
On the Uganda Stock Exchange (USE), MTN Uganda’s share price has risen by 3.6 percent in the first ten days of 2025, climbing from Ush275 ($0.074) on Jan.1 to Ush285 ($0.077) on Jan. 10, 2025.
This increase has added millions of dollars in gains for shareholders, including Mbire, further boosting the company’s market capitalization to $1.7 billion and reinforcing its position as one of East Africa’s most valuable companies.
The modest price increase in MTN Uganda’s shares reflects investor confidence, thanks to its financial performance in 2024. MTN Uganda reported a 19.61 percent revenue increase in the first nine months of the year, from Ush1.95 trillion ($532.61 million) in 2023 to Ush2.33 trillion ($637.2 million).
Investors are optimistic about MTN Uganda’s continued success and steady growth as they adjust their portfolios for the year ahead.
Mbire's MTN holdings reach record value
As a result of the recent rise in MTN Uganda’s stock price, the market value of Mbire’s 4 percent stake has now reached an all-time high, nearing the $70 million mark—an unprecedented milestone for any investor holding shares in a publicly listed company on the Uganda Stock Exchange.
Since Jan. 1, 2025, his shares have appreciated by Ush8.95 billion ($2.42 million), increasing in value from Ush246.28 billion ($66.6 million) to Ush255.24 billion at the time of this report.
In addition to MTN Uganda, Mbire’s diverse investment portfolio spans telecommunications, finance, energy, real estate, and mining, reinforcing his status as one of Uganda’s most influential figures. His strategic approach and far-reaching influence across key sectors further solidify his position in the country's economy.
