MTN Group’s leadership
has reiterated its commitment to supporting industrialization in Uganda during
a meeting with Ugandan President His Excellency Mr. Yoweri Museveni on the
sidelines of his two-day state visit to South Africa.
The MTN delegation
included MTN Uganda Chairman Charles Mbire; MTN Group President and CEO Ralph
Mupita; MTN Uganda CEO Sylvia Mulinge; MTN Southern and East Africa Vice
President Yolanda Cuba; and MTN Group Chief Sustainability and Corporate
Affairs Officer Nompilo Morafo.
Re-iterating MTN’s commitment to Uganda, Mupita proposed
facilitating a two-day investment summit in Kampala in May 2023 in
collaboration with the relevant government ministries and departments as well
as the Forum of South African Businesses in Uganda.
A platform to attract South African agro-processors and
other potential investors to the east African country, the two-day event would
be a follow-up to the Uganda-South Africa trade, investment, and tourism summit
held in South Africa this week. Mupita said it would facilitate the
participation of those investors identified by the Uganda Investment Authority.
“This year, MTN
celebrates 25 years in Uganda. We are driven to create shared value across our
markets and offer leading digital solutions for Africa’s progress,” said
MTN Group President and Chief Executive Officer Ralph Mupita. “We hope that by facilitating this investment
summit we can support the further development of the Ugandan economy and her
people.”
MTN Uganda – one of 19 MTN operating companies – was
established in 1998. In December 2021, it listed its shares on the Uganda Stock
Exchange after the largest initial public offering in Uganda’s history. This
gave almost 21 000 Ugandans the opportunity to become owners of MTN
Uganda, which is the Ugandan stock with the largest market capitalisation on
the USE.
