One-off Tax Settlement Clouds MTN Uganda's Strongest Operating Year Since Listing
MTN Uganda reported full-year 2025 service revenue of USh 3.6 trillion, up 13.4%, driven by a 28.8% surge in data revenue to USh 1.0 trillion and 17.3% fintech growth to USh 1.1 trillion. EBITDA rose 17.0% to USh 1.9 trillion, expanding the margin to 53.8%. Reported profit after tax grew 5.8% to USh 679 billion after absorbing a one-off USh 110.9 billion transfer pricing settlement with the Uganda Revenue Authority. Adjusted net profit rose 23.1% to USh 790 billion. The board declared a total dividend of USh 28.75 per share, up 27.2%.
Equity’s Mwangi Says Banks Must Adapt as Fintech Redefines Finance
Banks need to reinvent themselves around digital infrastructure, data and partnerships or risk losing relevance as financial services evolve beyond traditional banking models,
Synkron Opens Industrial Automation Training Center in Nairobi
Tech Startup Intron Launches New Voice AI Service that Supports 57 African Languages
Intron, a specialised technology company, has launched the newest version of its flagship AI voice model, “Sahara v2”, which can now understand over 500 distinct African accents, covering up to 57 languagesSafaricom's M-PESA Crosses 40 Million Users in Kenya
Safaricom said M-PESA has reached 40 million monthly active customers in Kenya, marking 19 years since the mobile money platform launched on 6 March 2007.Kenya Scales Back ICT Budget by 25% as Fiscal Constraints Bite
Rural communities in Kenya are set to face slower digital access after the government cut funding for its Information, Communication Technology and Digital Economy initiatives by 25%Kenyan Entrepreneur Maurice Juma Joins Africa’s “Forty Under 40” Vanguard
Maurice Juma, co-founder and CEO of MediaPal, was recognized among Africa’s “Forty Under 40” an acknowledgment that places him within a select cohort of the continent’s youngest business leadersDigital Trust is the New Currency for Africa's Small Businesses- Zoho Kenya Country Head
As AI capabilities become embedded in business software, SMEs face a choice about how they approach these powerful tools. The risks are not merely theoretical.
Vodafone to Use Amazon Leo Satellites for Rural Coverage
Vodafone has signed an agreement with Amazon Leo, Amazon’s low Earth orbit satellite network, to connect remote 4G and 5G mobile masts across Europe and AfricaRoam Unveils Digital Platform for Connecting, Tracking EVs
Roam, an electric mobility manufacturer, has launched ‘Roam Explorer’, a digital platform designed to connect and manage electric motorcycles, tuk-tuks, buses, and cars across Africa.East African Businesses Face Rising Cyber Risks Amid Talent Shortage
AfDB to Invest €6.5 million in West and Central African Tech Startups
AfDB is set to invest 6.5 million euros in the Saviu II fund for onward transmission into tech startups in their seed and first institutional fundraising phases.
