President Museveni, MTN officials meet in South Africa to discuss business
In an effort to support the development of the Ugandan economy, MTN Group’s leadership has met with Ugandan President His Excellency Yoweri Kaguta Museveni on the sidelines of his two-day state visit to South Africa for discussions.
Speaking during the summit, Ralph Mupita, the MTN Group President and CEO 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 to emphasize MTN’s commitment to Uganda.
The two-day event which will be a follow-up to the Uganda-South Africa trade, investment and tourism summit held in South Africa this week is designed to attract South African agro-processors and other potential investors to the east African country.
Mupita noted that the summit would facilitate the participation of those investors identified by the Uganda Investment Authority.
“We hope that by facilitating this investment summit we can support the further development of the Ugandan economy and her people,” said Mupita.
“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,” he added.
President Museveni said he told MTN that they shouldn’t just make money from villagers who are making calls, but also bring investors in value addition, so that they invest in agriculture, minerals, etc.
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 among others.
Established in 1998, MTN Uganda is one of 19 MTN operating companies. In December 2021, it gave almost 21 000 Ugandans the opportunity to become owners of MTN Uganda when it listed its shares on the Uganda Stock Exchange after the largest initial public offering in Uganda’s history.