MTN Uganda has once again solidified its leadership in the telecom industry with exceptional performance over the first nine months of 2024 under the guidance of CEO Sylvia Mulinge. The company’s achievements reflect a robust commitment to enhancing digital connectivity and inclusion across Uganda.
Record-breaking growth across Key Metrics
MTN Uganda’s latest performance report highlights remarkable double-digit growth across all major indicators, affirming its market strength and the trust Ugandans place in its services. Mobile subscribers rose by 13.3% to 21.6 million, marking MTN’s broadening reach. Service revenue grew by 20.1% to Ushs 2.3 trillion, while EBITDA climbed by an impressive 22.3% to Ushs 1.2 trillion, delivering a 51.7% EBITDA margin. Profit after tax surged by 29.6% to Ushs 459.4 billion, demonstrating MTN’s effective balance between growth and profitability.
“MTN Uganda’s achievements echo the core values celebrated by the Brand Africa 100 Awards—innovation, quality, and social responsibility,” said Joseph Kanyamunyu, Managing Director of Publics Africa Communications and local partner for Brand Africa 100 Uganda. “MTN’s focus on digital inclusion aligns seamlessly with the vision of honoring Africa’s most admired brands.”
Empowering Ugandans Through Digital Solutions
MTN’s impact extends beyond financial growth. “Our mission at MTN goes beyond connectivity—we’re here to lead digital solutions that make a real difference,” Mulinge emphasized. MTN’s efforts to empower Ugandans through digital inclusion continue to resonate, enabling individuals, families, and businesses to thrive in an increasingly connected world.
Looking Ahead: A Digital Future for Uganda
With its strong performance and ongoing commitment to digital inclusion and financial empowerment, MTN Uganda is positioned for continued growth. The company remains dedicated to delivering innovative, accessible solutions that do more than connect Ugandans—they open doors to new opportunities and empower lives.
As MTN celebrates this milestone, it looks forward to even greater achievements, fueled by customer trust and team dedication. Here’s to a future where MTN Uganda and its community continue to shape a digitally empowered Uganda.