Energy is a key driver for economic growth and development across all economies. It is the catalyst through which real transformation can be achieved due to its multiplier effects across many aspects of our lives. It is against this background that The Mkutano and Ministry of Energy and Mineral Development have convened the Inaugural Energy […]
Tag: XNAI_UMME
SANITISED! AfDB bails out UMEME with UGX360bn loan
Umeme Chief Operations Officer Florence Nsubuga and Chief Corporate and Regulatory Officer Blessing Nshaho receive materials from the Minister of Energy and Mineral Development Ruth Nankabirwa in Luuka Kampala | RedPepper Digital – African Development Bank (AfDB) would probably bring back the long-standing lost confidence in Uganda’s electricity body; Umeme, which has faced a lot […]
Umeme for last mile connections
LUUKA . The Government of Uganda has secured $100m (about sh360b) funding from the African Development Bank to switch on some of the long-pending new electricity connection applicants under the Umeme footprint. Up to 87,500 no-pole of the 250,000 applicants, dating back to 2019 will benefit from the funding commissioned in Waibuga sub county in […]
MTN launches phone-based share trading service ahead of Uganda listing
Uganda’s biggest telecommunications firm, a unit of South Africa’s MTN Group, has launched the East African country’s first mobile phone-based stocks trading platform, a senior executive said on Tuesday. MTN Uganda has a subscriber base of about 15 million and also offers mobile financial services. Users will access the shares trading service, which is offered […]
Uncertainty, Bleak Future Looms as Umeme fails to pay shareholders
UNDERFIRE: Umeme Managing Director Mr Selestino Babungi Kampala | RedPepper Digital – Uganda’s Electricity distributor Umeme has decided not to pay out any dividends to its shareholders despite the significant recovery in business over the last year, according to the performance indicators. The unexplained decision comes amidst what the company calls uncertainty created by the […]
Airtel money transactions are about to get pricey
Airtel Money kiosik There is a growing number of Ugandans using mobile transaction services which includes using popular platforms like Airtel Money or MTN Mobile Money to pay bills and for services. Effective 13th October 2021, Airtel Uganda has announced new tariffs that will be charged. Things are about to get a little more pricey […]
Telecom News, ET Telecom and MTN Develop Uganda’s First Telephone Stock Trading Program
KAMPALA: Uganda’s biggest telecoms firm, a unit of South Africa’s MTN Group, has launched the East African country’s first mobile phone-based stocks trading platform, a senior executive said on Tuesday. Users will access the shares trading service, which is offered in partnership with Uganda Securities Exchange (USE), through the financial platform, Stephen Mutana, the head […]
Telecom News, ET Telecom and MTN Develop Uganda’s First Telephone Stock Trading Program
KAMPALA: Uganda’s biggest telecoms firm, a unit of South Africa’s MTN Group, has launched the East African country’s first mobile phone-based stocks trading platform, a senior executive said on Tuesday. Users will access the shares trading service, which is offered in partnership with Uganda Securities Exchange (USE), through the financial platform, Stephen Mutana, the head […]
Uganda: MTN’s Listing Will Breathe Fresh Air At Use – Experts
MTN’s listing, expected before June 2022, will be a breath of fresh air at the Uganda Securities Exchange (USE), according to market experts. MTN is expected to sell 20 per cent of its shares through an Initial Public Offer to fulfil a requirement under the National Broadband Policy. USE has in the last 10 years […]
MTN launches Uganda’s first phone-based share trading service
Credit: REUTERS/THOMAS MUKOYA KAMPALA, Sept 14 (Reuters) – Uganda’s biggest telecoms firm, a unit of South Africa’s MTN Group MTNJ.J, has launched the East African country’s first mobile phone-based stocks trading platform, a senior executive said on Tuesday. MTN Uganda has a subscriber base of about 15 million and also offers mobile financial services. Users […]