MTN Uganda’s profit rises 30% as subscribers grow
Group records double-digit growth in data and fintech subscribers
04 November 2024 - 09:34
UPDATED 04 November 2024 - 19:16
MTN expects service revenue in Uganda to grow by 15%-20% in the coming three to five years, benefiting from a stable economic outlook, a growing subscriber base and investment in the mobile operator’s network.
Reporting third-quarter earnings on Monday, MTN Uganda CEO Sylvia Mulinge said: “The operating environment in Uganda remains supportive, with the central bank of Uganda projecting inflation to remain below the policy target of 5.0% supported by a combination of anticipated lower imported inflation supported by currency stability and moderate food and fuel inflation.”..
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