Following the 16 Percent Revenue growth by MTN Uganda, MTN Group President and CEO Sifiso Dabengwa and Group Chief Operating Executive Ahmed Farroukh visited Uganda and congratulated MTN Uganda upon their strong performance in the year 2012.
He was in the country as part of the group roadshow across the 22 MTN operations”.
Recently, MTN Uganda revealed that revenues for the year 2012 grew by 16 per cent. The growth according to the company came at the back of increasing returns from voice coupled with an ever growing data and mobile money platform usage.
“MTN Uganda delivered strong results in a competitive market with Revenue up 16% and EBITDA up 22%. Data revenue increased 86% supported by a strong performance in MTN Mobile Money,” read part of a statement from the telecommunication giant, adding: “With more than 20 million transactions each month; MTN Mobile Money now contributes meaningfully to MTN Uganda’s revenue.”