SANITISED! AfDB bails out UMEME with UGX360bn loan

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 […]

MTN launches phone-based share trading service ahead of Uganda listing

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

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 […]

Telecom News, ET Telecom and MTN Develop Uganda’s First Telephone Stock Trading Program

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

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 […]

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 […]