MTN Uganda posts $637.4 million revenue in 9M 2024
MTN Uganda’s financial success translated into a notable profit increase of 29.6 percent, rising from Ush354.44 billion ($96.87 million) to Ush459.42 billion ($125.58 million).
Uganda
Ugandan tycoon Charles Mbire’s MTN Uganda posts $40-million profit in Q1 2024
This strong performance builds on MTN Uganda’s success in 2023, with total revenue rising 16.75 percent to Ush2.67 trillion ($687.97 million).
East Africa’s first billionaire Sudhir Ruparelia buys Lotis Towers from dfcu Bank
The acquisition of Lotis Towers, a 14-storied upscale building located at plot 16 MacKinnon Road, Nakasero, was confirmed by Sudhir Ruparelia himself following a bank auction.
Ugandan tycoon Charles Mbire’s MTN Uganda hits 20 million customer milestone
MTN Uganda boasts an impressive 98 percent coverage area, serving a vast majority of the Ugandan population.
Ugandan tycoon Charles Mbire’s MTN Uganda reports $127.1 million in profit in 2023
Voice revenue rose 11.6 percent, while data and mobile money revenue surged 21.6 percent and 17.6 percent, respectively.
MTN Uganda led by Ugandan tycoon Charles Mbire launches online marketplace
MTN customers can access Tesadeals without incurring data charges, underscoring the platform’s commitment to accessibility and inclusivity.
Ugandan businessman Patrick Bitature faces prosecution over $26-million fraud
If found guilty, the 60-year-old Ugandan businessman and his 56-year-old wife could face severe legal consequences.
Nigerian billionaire Arthur Eze receives two-year oil exploration license extension in Uganda
Prince Arthur Eze founded oil exploration and production company, Atlas Oranto, in 1991, and built it into one of Africa’s largest independents.
Ugandan tycoon Patrick Bitature and Absa Bank clash over $13.6-million loan
The growing number of legal disputes surrounding Bitature has raised concerns about his financial standing.
Kampala court halts bid by struggling Ugandan tycoon to reclaim assets mortgaged to South African creditors
Prior to the recent ruling, the International Chamber of Commerce Court of Arbitration ordered Bitature, his wife, and their companies to pay a total of $65.7 million.
7 richest people on the Uganda Securities Exchange
Here are the seven individuals who currently hold the most valuable portfolios on the Uganda Securities Exchange:
Bank owned by Kenya’s richest families expands to Migori, targeting East African traders
NCBA Group counts some of Kenya’s richest families, including the Kenyatta, Merali, and Ndegwa families, among its shareholders.
Ugandan tycoon denies plans to pay Burna Boy $1 million for stadium opening
The reaction by Kiggundu, confirmed by sources close to him, follows a flurry of media reports initially disclosed by Kenyan online newspaper Tuko.
Burna Boy to earn up to $1 million as headliner for Uganda’s new stadium opening
Burna Boy, known for his electrifying performances, has become a sought-after international act, commanding fees ranging from $700,000 to $1 million.
Uganda-based entrepreneur Kaivan Sattar’s startup acquires Mexican firm FlexClub
Over the six years of its operation, Asaak, under Sattar’s leadership, has facilitated the acquisition of more than 5,000 motorcycles.