
MTN Uganda takes hit, leading to $5-million loss for Uganda’s richest investor Charles Mbire
Mbire owns a 3.99-percent stake in MTN Uganda, or 894,494,705 shares.
Mbire owns a 3.99-percent stake in MTN Uganda, or 894,494,705 shares.
Mbire is anticipated to receive $1.16 million from the telecom group’s interim dividend payout.
The $4.7-million bump in his stake solidifies his position as the richest investor on the Uganda Stock Exchange.
Mbire owns a significant 3.98-percent stake in the Ugandan telecom outfit.
Mbire owns 3.98 percent of the company.
Mbire owns 3.98 percent of the telecom company.
The surge in earnings was driven by an 11-percent increase in service revenue and a 45-percent increase in data revenue.
Mbire’s 3.98-percent equity position in MTN Uganda is valued at $44.35 million.
MTN Uganda will be the fourth operating subsidiary of the South African MTN Group to be listed in Africa.
Mbire said the listing reaffirms its commitment to expanding investment opportunities for Ugandans.