Voice revenue rose 11.6 percent, while data and mobile money revenue surged 21.6 percent and 17.6 percent, respectively.
Ugandan tycoon
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The growing number of legal disputes surrounding Bitature has raised concerns about his financial standing.
- East Africa
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 …
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The decline in the market value of Mbire’s MTN Uganda stake underscores the challenges faced by investors in the Ugandan market.
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The reaction by Kiggundu, confirmed by sources close to him, follows a flurry of media reports initially disclosed by Kenyan online newspaper …
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According to court documents, Bitature has been directed to personally pay $25.4 million as a result of a breach of contract.
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The market value of Mbire’s 3.99-percent stake in MTN Uganda has declined $43.89 million on Jan. 1 to $41.45 million.
- East Africa
Ugandan tycoon Charles Mbire’s MTN Uganda posts more than $60-million profit in H1 2023
Holding a 3.99-percent stake in the telecom services provider, Mbire’s stake in MTN Uganda is $42 million.
- East Africa
Ugandan pharma tycoon Emmanuel Katongole’s CiplaQCIL stake plunges to less than $2 million
East Africa’s healthcare industry, Katongole, holds a significant 2.79-percent stake in CiplaQCIL.
- East Africa
Patrick Bitature’s Simba Telecom unveils new tech products, powering Uganda’s digital revolution
Simba Telecom is a Kampala-based telecom enterprise.