MTN Uganda has posted robust financial results for the first half of 2025, with revenue rising from 13.3% to Ugx 1.7 trillion.
CEO Sylvia Wairimu Mulinge, on Monday 10th August, 2025 unveiled the results during a media engagement held at their headquarters in Kampala.
She attributed the growth to surging data usage, expanding mobile money transactions, and a stable macroeconomic backdrop that encouraged consumer and business spending in Uganda.
The first half of 2025 delivered rare consistency in Uganda’s economic fundamentals annual inflation held at 3.6%, the shilling appreciated by 2.5% against the US dollar, and interest rates remained steady.
“This stable environment gives businesses the confidence to invest and expand,” Mulinge said.
Data revenue surged 31.3%, outstripping growth in all other business segments. MTN attributed this to rising internet penetration, accelerated 4G and 5G adoption, and increased consumption of streaming, social media, and remote work tools.
Fintech revenue rose 18.6%, driven by wider adoption of MTN Mobile Money and digital payment platforms.
MTN spent Ugx 219 billion in the first half expanding its network deploying 355 new sites and extending 4G, 5G, and fibre connectivity deeper into underserved areas.
MTN’s performance signals that Uganda’s telecom growth story is increasingly tied to digital lifestyles and fintech adoption rather than voice traffic.
The company’s heavy investment in infrastructure positions it to benefit from rising smartphone penetration, regional e-commerce expansion, and the government’s digital transformation agenda.
However, competitive pressure from Airtel Uganda and looming sector regulation on data pricing could temper momentum. The challenge for MTN will be to maintain double-digit growth while keeping services affordable for a price-sensitive market.
