MTN Group Ltd. plans to raise about $500 million (Shs1.8 trillion) from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record fine, according to people familiar with the
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Over 30 employees will soon be out of work after online classified OLX confirmed it was shutting its Kenya office, reports the Standard. The e-commerce company will also close its Nigeria office, in what is a dent to the growth of e-commerce in Africa. “We made a difficult but important
Read MoreThe Parliament has ordered Uganda Communications Commission (UCC) to give and renew operating licenses to a number of media houses, arguing that denial to do give out licenses is costing the country revenue from license fees. The issue came up during the scrutiny of the 2018/2019 National Budget Framework paper
Read MoreMTN has Tuesday fulfilled the Shs1bn pledge made at the Solidarity Summit on Refugees in June 2017 to support the Uganda government efforts to deal with the influx of refugees. Rob Shuter, the President and CEO of the MTN Group, while meeting Dr. Ruhakana Rugunda, Uganda’s Prime Minister reiterated
Read MoreUganda is the first country outside South Africa to host the largest gathering of top executives from the MTN Group and its subsidiaries from 24 countries. At least 300 delegates are in the country for the MTN Global Leadership Gathering (GLG) taking place from 30th to 31st January 2018 at
Read MoreKenya could be ripe for a digital currency in the next three years if regulations are crafted, Joshua Oigara, CEO of Kenya’s largest bank has said, reports the Standard. Oigara said away from the wave of bitcoin that has swept different countries in the world, including Kenya, there are so
Read MoreChina’s smartphone market has fallen for the first time, with annual shipments down by four per cent in 2017, according to data from research firm Canalys. The decline ends eight years’ growth in the world’s largest mobile phone market. Smartphone brands Huawei, Oppo and Vivo continue to dominate the Chinese
Read MoreUgandans who are currently unable to have access to internet because they lack Smartphones have all reasons to smile. This is because the Government of Uganda through ministry of ICT & National Guidance and National Information Technology Authority of Uganda (NITA-U) has made steps to scrap taxes on Smartphones. James
Read MoreUganda has Wednesday announced a major milestone in its operations; becoming the first telecom operator in Uganda to have all its sites across the country 3G mobile broadband enabled. The upgrade in technology to 100% mobile broadband means that all Airtel Uganda subscribers will now have access to high speed
Read MoreDiamond Trust Bank (DTB) joined the Interswitch ATM service with effect from Jannuary12, 2018. The Interswitch ATM service will link DTB customers to over 500 ATM locations all over Uganda. “The launch of the interswitch ATM service will bring a convenient and reliable service to our customers, thanks to increased
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