Airtel’s profitability was hit due to high operating costs, which increased by 19%.
An MTN outlet in the Kisoro district, about 480km west of the capital Kampala, 18 November 2015. MTN Uganda, the country’s largest telecommunication company, has raced ahead of its main rival Airtel Uganda, which missed its financial targets outlined in its prospectus published in September. This marks another blow to the telecommunication company following lacklustre performance around its initial public offering in November 2023.
While Airtel predicted profit after tax would increase from USh325 to USh457bn, it missed the target by over USh160bn, markingAlso receive offers from The Africa ReportPresident William Ruto’s administration is under scrutiny after it emerged that government officials from the ministry of agriculture and livestock ha...While applications don’t open until September, the list of those who have thrown their hat in the ring – whether officially or unofficially – to take ...
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