MTN Uganda

MTN Uganda
Private
Industry Telecommunications
Founded 1998[1]
Headquarters 22 Hannington Road
Kampala, Uganda
Key people
 Wim Vanhelleputte
chief executive officer[2]
Services
Website www.mtn.co.ug

MTN Uganda is the largest telecom company in Uganda, with 8.9 million subscribers as of December 2015.[3]

Location

The headquarters of MTN Uganda are located at 22 Hannington Road on Nakasero Hill in the Kampala Central Division, one of the administrative units of the city of Kampala, the capital and largest city of Uganda.[4] The coordinates of the company headquarters are 0°19'10.0"N, 32°35'17.0"E (Latitude:0.319434; Longitude:32.588051).[5]

Overview

MTN Uganda is a subsidiary of MTN Group, a multinational telecommunications group connecting approximately 232 million people in 22 countries across Africa and the Middle East.[6] In 2009, MTN Uganda introduced its mobile telephone-based banking product known as Mobile Money. As of March 2015, MTN controlled 80 percent of the mobile money market in the country.[7]

In November 2015, MTN Uganda switched off 3.7 million of its 11.5 million customers to comply with the Uganda Communications Commission's new SIM card registration requirements.[8][9]

In May 2016, MTN Uganda borrowed US$114 million (UGX:385.8 or 380 billion, depending on the source) to expand its network and build a new headquarters building on Jinja Road in Kampala. Funding was in the form of a syndicated loan by a consortium of four Ugandan banks, namely Stanbic Bank Uganda, Standard Chartered Uganda, Citibank Uganda, and Barclays Bank of Uganda.[10][11]

In August 2016, MTN Uganda in partnership with Commercial Bank of Africa (Uganda) introduced a new product that allows customers to save money and access microloan products, using their cell phone. The product, called MoKash is available on personal accounts and on accounts for small and medium-sized enterprises.[12]

Governance

Wim Vanhelleputte is the chief executive officer.[2]

See also

References

  1. ↑ MTNU (20 June 2016). "MTN Uganda: About Us". Kampala: MTN Uganda (MTNU). Retrieved 20 June 2016.
  2. 1 2 Matsiko, Philomena (9 August 2016). "MTN Uganda takes on banks with micro-loans product". The EastAfrican. Nairobi. Retrieved 10 August 2016.
  3. ↑ Semakula, Othman (3 March 2016). "MTN subscribers drop to 8.9 million". Daily Monitor. Kampala. Retrieved 21 June 2016.
  4. ↑ MTNU (21 June 2016). "MTN Uganda: Contact Us - Help Channels". Kampala: MTN Uganda (MTNU). Retrieved 21 June 2016.
  5. ↑ Google (21 June 2016). "Location of the Headquarters of MTN Uganda" (Map). Google Maps. Google. Retrieved 21 June 2016.
  6. ↑ Semakula, Othman (21 June 2016). "MTN appoints new group chief after Nigeria fiasco". Daily Monitor. Kampala. Retrieved 21 June 2016.
  7. ↑ "Uganda: Inside MTN Mobile Money Saga". The Observer (Uganda) via AllAfrica.com. Kampala. 15 March 2015. Retrieved 21 June 2016.
  8. ↑ Mark Keith Muhumuza (26 November 2015). "Telecoms rush to beat Sim card registration deadline". Daily Monitor. Kampala.
  9. ↑ The Associated Press (4 March 2016). "MTN profits down 37 percent in 2015, blames Nigeria fine". The Seattle Times Quoting The Associated Press. Retrieved 21 June 2016.
  10. ↑ Mark Keith Muhumuza (27 May 2016). "MTN secures Shs386b loan from local banks". Daily Monitor. Kampala. Retrieved 21 June 2016.
  11. ↑ Khisa, Isaac (12 June 2016). "SH380Bn: New MTN headquarters, countrywide optic cable". The Independent (Uganda). Kampala. Retrieved 21 June 2016.
  12. ↑ Mark Keith Muhumuza (10 August 2016). "Ugandans to save, apply for mobile money loans on phone". Daily Monitor. Kampala. Retrieved 7 November 2016.

External links

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