On Monday 11th October 2021, MTN Uganda opened its initial Public Offer that will run until 22nd November 2021 4pm. The MTN Uganda Chief Executive Officer, WIM VANHELLEPUTTE sheds more light on the MTN IPO, responding to some of the pertinent questions from the prospective retail investors.

First and foremost,how would you describe MTN Uganda as a Company?

MTN Uganda is a subsidiary of the MTN Group, a leading emerging market operator with a clear vision to lead digital solutions for Africa’s progress, through its 277 million customers in 20 countries in Africa and the Middle East.

That said, MTN Uganda is a leading telecoms company in Uganda with the primary objective of carrying on the business of a national operator of a telecommunications network, pursuant to the NTO license granted by the UCC.

MTN recently announced the opening of its initial public offer (IPO). Can you share with us details of the offer?

The structure of the IPO is a secondary offer of 20% of the issued share capital of MTN Uganda Limited, with the selling shareholder being MTN Group. The total number of shares on offer amount to c. 4.5 billion shares, at an offer price of UGX 200. The minimum number of shares that can be applied for is 500 shares. Therefore, the minimum amount required to participate as an investor in this IPO is UGX 100,000. We believe this is a reasonable minimum amount to attract broad retail investor participation.

What exactly is MTN offering to the public in the IPO?

Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices and MTN Mobile Money. The MTN Mobile Money services are conducted through our subsidiary MTN Mobile money limited Uganda that is 100% owned by MTN Uganda.

MTN has a presence in all the 134 districts of Uganda. Our services are delivered through a network of 119,077 Mobile Money agents, 200 service stores and 13 main distributors. At the end of September 2021, MTN Uganda had 15 million customers, over 8.6 million MoMo users and 4.7 million active data users.

For clarification, does the listing include your mobile money business as well?

The mobile money business is 100% subsidiary of MTN Uganda thus it is included in the listing.

What channels are available for the MTN IPO subscription?

The channels available for IPO subscription, include; 1) the mIPO portal, on the myMTN app or USSD, or 2) online using the USE’s “Easy Portal” web-page . In the event an applicant does not have access to the Easy Portal web-page or the m-IPO platform, they can engage any of our five Authorised selling agents to assist with the application. Our m-IPO initiative is the country’s first paper-free IPO platform aimed at retail investors, in partnership with the USE, and will help position Uganda at the forefront of digitising the capital markets for Africa.

Is the MTN offer incentivized to drive participation?

These incentives have been provided to further drive our localisation agenda and achieve broad-based Ugandan ownership of the company. Further details on the offer can be found in the Prospectus.

What is your allotment priority for the shares?

The Prospectus breaks down the allocation policy for 4 categories of investors, namely; Ugandan Retail Investors, Ugandan Professional Investors, East African Community (EAC) retail investors East African Community (EAC) professional investors and foreign investors. All these categories of investors are free to participate in the offer.

The allocation policy reflects our mindfulness of the role that Ugandans – the omuntu wa bulijjo who comprise of our mobile money agents, our data, voice and other customers- have played in our growth and look forward to starting this new journey together.

What is the driving factor behind this IPO and the company’s expectations of this listing?

The decision to list MTN on the Uganda Securities Exchange is in line with our localisation agenda aimed at prioritizing local investors with the goal of ensuring an opportunity for each Ugandan to own part of the company with all this aimed at deepening the relationship MTN has with the people of Uganda.

During MTN’s 23 years in Uganda, we have grown tremendously, thanks to the enabling environment availed by the Government of Uganda as well as the unwavering support and trust of the people of Uganda. We look forward to welcoming Ugandan investors as part-owners of a company that we have collectively built hinged on our belief that we are good together.

The listing is also in line with the obligations of MTN Uganda’s National Telecom Operator license, which requires its listing by June 2022.

How much will MTN raise through this IPO?

This IPO is a Secondary Offer, in which the selling shareholder, MTN International (Mauritius) Ltd, is offering over 4.4 billion shares at an offer price of UGX 200 per offer share, as disclosed in the Prospectus.

The funds raised through the offer will accrue to the selling shareholder, net of related expensed.

It’s important to note that MTN group has commitment to invest US$300m (approximately UGX 1 trillion) in network expansion in the next 3 years so as to deliver quality services to all

What is your broader strategy as a company and how will it deliver growth for the company and value for the anticipated shareholders in short and medium term?

Our strategic intent is aligned to MTN Group in driving leading digital solutions, in this case, to support Uganda’s progress. This involves investment in technology platforms to not only improve customer experience but offer an even wider range of services.

Data and Fintech services remain key to driving growth in the medium and long term.

Despite the growth of mobile money platforms on the continent, sub-Saharan Africa still presents great opportunity for mobile money due to its large unbanked population currently at approximately 57%. The opportunities are significant to capture customers who would want to save, lend and make financial transactions without the need to hold a bank account, making it convenient and easily accessible.

Today MTN Uganda has 15 million customers. Only about 4 million are mobile data users. With the smartphone penetration going up we can expect double or triple mobile internet users in the years to come.

The regulatory environment has evolved over time, occasionally new policies are implemented that affect business operations. What mechanics do you have in place to ensure full compliance towards business sustainability?

As a business, we are committed to complying with all regulations. We have deliberate engagements with all our regulators, governments, and ministries to ensure that we have a conducive working environment which allows us to address issues that may arise.

How do I apply for shares in MTN?

MTN in partnership with the Uganda Securities Exchange has created a platform that enables you to buy the shares via mobile money from the comfort of your home. You simply need to dial 16565# to open an SCD account, which serves as your account for shares. To open your SCD Account using MTN MoMo follow the steps below:

First Dial 16565#

  • Then select Option 1 to submit SCD Account Application
  • Enter your full National ID Number (NIN)
  • Select your preferred broker and then choose option 1 to accept terms and conditions
  • Enter your mobile money PIN and wait for a confirmation SMS
  • After setting up the account, please follow the prompts to apply and pay for the shares.

You may also apply for shares using USE’s Easy Portal web-page at https://scd.use.or.ug/. This option is available to Applicants on a self-service or assisted basis. Assisted USE Easy-Portal applications involve provision of guidance by an Authorised Selling Agent to an Applicant in populating and submitting an Application on the USE Easy-Portal.

Can I apply for these MTN shares if I am not an MTN customer?

Yes, you can. Non-MTN customers can use USE’s Easy Portal web-page to create an SCD account and apply for shares. This can be done on a self-service or assisted basis. Kindly engage any of the five Authorised Selling Agents listed in the Prospectus or visit the nearest MTN service center or Stanbic bank branch for assistance.

This account is managed by the in-house team at Dignited, a collective of passionate tech writers, editors, and enthusiasts dedicated to bringing you the latest insights, reviews, and news on consumer technology. For inquiries or feedback, feel free to reach out to us at [email protected] .

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Talkio Mobile , Uganda’s newest telecommunications service provider, is excited to announce a groundbreaking partnership with Banana Life Investments, a leading chain of mobile phone and retail shops. This strategic alliance aims to bring Talkio’s innovative telecom services closer to Ugandans.

This collaboration will leverage Banana Life Investments’ extensive retail network of 26 stores strategically located across Uganda in major malls, towns, and cities to provide customers with unparalleled convenience. Through this partnership, Talkio Mobile will offer its full suite of services, including SIM cards, airtime, and exclusive product offerings at any Banana Life Investment location.

This partnership is more than a business initiative—it’s a shared commitment to transforming lives. By integrating Talkio Mobile’s forward-thinking services & nationwide reach with Banana Life Investments’ retail footprint, the two brands are setting a new standard for customer convenience and inclusivity.

READ ALSO: 5 Things You Need to Know About Talkio Mobile: New Telecom Company in Uganda

“This partnership aligns perfectly with our mission of connecting Ugandans to innovative and transformative telecom solutions,” said Vianne Allan Ahura, CEO of Talkio Mobile. “By leveraging Banana Life Investments’ trusted presence and nationwide footprint, we are not only expanding our agent network but also bringing our services closer to the communities we serve. This collaboration ensures that our online customers can now enjoy a seamless offline experience right at their doorstep. Together, we are empowering Ugandans with the tools they need to stay connected, grow their businesses, and unlock new opportunities.”

Solomon Ssemuyaba, the assistant general manager at Banana Life Investments, echoed this sentiment: “We are proud to join hands with Talkio Mobile to deliver innovative, customer-centric solutions. This partnership represents our shared vision of fostering a connected future for Uganda. Together, we are redefining what convenience and accessibility mean for our customers.”

The partnership goes beyond retail distribution, introducing joint initiatives aimed at value addition and personalized service. Customers can expect seamless access to:

  • SIM Card Sales : Available at all Banana Life Investments locations.
  • Talkio phone number bookings : Book your preferred Talkio number at any Banana Life Investments location.
  • Airtime Services : Recharge easily through in-store purchases.
  • Customer Support : Friendly and knowledgeable staff trained to assist with Talkio Mobile products and services.

Additionally, the two companies plan to launch promotional campaigns and expand services to even more locations, ensuring no Ugandan is left behind in the digital transformation.

Solomon Obwot is a tech writer based in Kampala, Uganda, with extensive experience in the local tech startup ecosystem. He covers the latest news and analysis on consumer tech, writes in-depth smartphone reviews, and conducts insightful interviews with industry experts. Solomon is also a passionate podcaster, sharing his knowledge and engaging in discussions about Africa’s rapidly growing tech landscape. Send emails to [email protected]

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The Mobile World Congress (MWC) Barcelona , the world’s largest exhibition for the mobile industry, has just concluded. This annual event gathers leading technology brands to unveil groundbreaking mobile, AI, and digital solutions innovations. At MWC 2025, TECNO showcased a range of AI-driven products, reinforcing its commitment to cutting-edge technology.

The key launches included:

  • CAMON 40 Series – AI-powered smartphones with One-Tap FlashSnap and advanced mobile imaging features.
  • MEGABOOK S14 – The world’s lightest 14-inch OLED laptop, featuring AI-enhanced multitasking and Snapdragon® X Elite.
  • MEGABOOK T14 Air & K15S – Lightweight ultrabooks with AI capabilities and extended battery life.
  • TECNO AI Glasses Series – Smart eyewear integrating AI imaging, translation, and AR display.

Jan Stryjak, Associate Director at Counterpoint Research, shared, “In the past year, we have observed significant advancements in the field of AI. AI will continue to drive transformative changes in our daily lives. In this critical period for the economic development of emerging markets, TECNO’s AI technologies are unlocking potential for diverse needs.”

“The application of AI technologies is crucial and urgent in emerging markets. We’re committed to bridging the digital gap between emerging and mature markets,” said TECNO CMO, Laury Bai. “TECNO is taking a practical approach to make AI more accessible, ensuring users in emerging markets can access AI and cutting-edge technologies.”

Laury Bai, TECNO CMO

Driven by its commitment, TECNO has forged a robust partnership with MediaTek, establishing a joint AI laboratory dedicated to accelerating advancements in AI. At the event, James Chen, Vice President of Product and Technology Marketing at MediaTek, emphasized, “The synergistic R&D efforts between TECNO and MediaTek are set to democratize AI technology. Our collaboration powers a seamless, interconnected AI experience, bringing users a future of truly connected intelligence.”

James Chen, Vice President, Product and Technology Marketing at MediaTek

CAMON 40 Series Powered by AI One-Tap FlashSnap Revolutionizes Smartphone Snapshot Photography

TECNO’s Global Product Launch Officer, Olivier Mas, officially unveiled TECNO’s next-generation AI-driven products. Attendees at TECNO’s launch event witnessed the highly anticipated debut of TECNO’s new CAMON 40 Series, a device that embodies TECNO’s legacy of excellence in mobile imaging. Featuring One-Tap FlashSnap Mode and TECNO AI, the series sets a new benchmark in smartphone photography, delivering exceptional snapshot capabilities and AI-enhanced user experiences.

Olivier Mas, TECNO Global Product Launch Officer

The CAMON 40 Series exemplifies a commitment to innovation that transcends hardware and software, extending into strategic partnerships that deliver cutting-edge AI solutions to emerging markets. Matt Waldbusser, Managing Director of Global Solutions and Consumer AI at Google Cloud, remarked, “Our collaboration with TECNO on the CAMON 40 Series is a standout example. Leveraging Google Cloud’s capabilities, we’ve introduced groundbreaking features such as Ask Ella, AI Image Generator, AI Writing, and AI Translate. I am particularly impressed by the industry-leading and competitive edge of some of these innovations. For instance, TECNO’s AI supports text translation in 136 languages, voice translation in 44 languages, and photo translation in 51 languages. We are excited to further strengthen our partnership with TECNO, unlocking limitless potential to bring advanced yet practical AI capabilities to emerging markets in a convenient and secure manner.”

Matt Waldbusser, Managing Director of Global Solutions and Consumer AI at Google Cloud

The CAMON 40 Series’ innovative One-Tap FlashSnap leverages AI to enhance imaging capabilities, revolutionizing mobile photography. AI optimizes camera startup and continuous shooting for instant captures, while AI-powered multi-frame processing intelligently reduces noise and enhances details, delivering sharper, more refined images. Additionally, the BestMoment algorithm analyzes motion patterns, automatically selecting the optimal frames for precise, high-quality shots in dynamic scenarios, ensuring users an unparalleled mobile imaging experience.

TECNO CAMON 40 Demonstrates the Cutting-Edge FlashSnap Capability

To delve deeper into the imaging prowess of the CAMON 40 Series, TECNO invited Frédéric Guichard, CEO of DXOMARK, to share the image performance of CAMON 40 Pro. Frédéric highlighted, “The CAMON 40 Pro 5G has demonstrated exceptional imaging and performance capabilities in our rigorous evaluations. We’ve been particularly impressed with photo performance being the best for devices under 600$, and the 1st eligible device to our Smart Choice Label.”

Onsite photo of Frédéric Guichard, CEO of DXOMARK

Beyond its advanced rapid-capture functionality, the integration of TECNO AI further enhances the device’s capabilities. Intelligent imaging, a 360° AI Call Assistant, and productivity tools elevate creativity and efficiency. Powered by MediaTek’s latest chipsets, the series ensures smooth performance, fast processing, and extended battery life. With a sleek, durable, and water-resistant design, it seamlessly blends style with practicality for modern users.

MEGABOOK S14, the World’s Lightest 14-inch OLED Laptop, Inspires Creators and Game Lovers

The MEGABOOK S14 is TECNO’s first OLED laptop and the industry’s lightest 14-inch OLED laptop, featuring a 2.8K OLED display and incredibly weighing only 899g (31.7oz). The laptop is equipped with the outstanding power of the Snapdragon® X Elite compute platform, the flagship chipset for AI PCs from Qualcomm Technologies, and integrates TECNO’s world’s first self-developed edge-side large-scale AI model, to achieve AI-enhanced multitasking.

World’s Lightest 14-inch Laptop MEGABOOK S14

Specifically designed for next-gen AI productivity, TECNO AI enhances the Ella AI Assistant, AI-powered PPT generation, AI-driven image search, smart albums, and offline meeting transcription with multilingual support. The External Graphics Dock, equipped with a powerful NVIDIA graphic card, delivers scalable, high-performance capabilities for design, gaming, and content creation. The laptop’s 2.8K OLED display with a 120Hz refresh rate ensures exceptional visuals, while DTS:X Ultra dual 2W speakers, Wi-Fi 6E, fingerprint login, and PC Manager optimize connectivity and user experience.

TECNO’s strategic partnership with Qualcomm Technologies was a highlight of the TECNO AI Ecosystem Product Launch event, demonstrating a shared vision for the future of AI PCs. Kedar Kondap, SVP & GM of Compute and Gaming at Qualcomm, took the stage to discuss the integration of Qualcomm’s cutting-edge PC chipset into the new MEGABOOK S14 laptop, underscoring TECNO’s commitment to delivering high-performance computing solutions.

Kedar Kondap, SVP & GM of Compute and Gaming at Qualcomm

In addition, TECNO also introduced several standout new products. The featherlight 999g (35.2oz) ultrabook MEGABOOK T14 Air, features high-speed storage and LPDDR5 memory, while the ultra-thin, all-metal MEGABOOK K15S, equipped with a powerful 70Wh battery and supported by a 65W PD GaN charger, offers a smarter and more long-lasting user experience. Both devices are empowered by TECNO AI with advanced AI capabilities such as AI Album and AI Voice Assistant, making them perfect companions for all aspects of life.

The Next Game-Changing Tech Innovation: See the World with the TECNO AI Glasses Series

TECNO’s new AI Glasses Series also took center stage with the introduction of TECNO AI Glasses Pro and TECNO AI Glasses, reimagining eyewear with cutting-edge imaging, intelligent interactions, and a sleek aesthetic. The TECNO AI Glasses feature an aviator design, while the Pro model showcases a browline style, both embodying timeless elegance and modern fashion.

TECNO AI Glasses Redefine the Way People See the Future

Equipped with a 50MP high-definition camera, the series integrates an OV50D sensor, a 100° ultra-wide-angle custom lens, and an AI ISP imaging chip, forming a mobile-grade imaging system. This system lets users capture stunning, high-resolution photos with advanced AI noise reduction and HDR capabilities. With real-time translation supporting over 100 languages, TECNO AI’s Ella empowers accurate translation even for less common languages, as well as voice control, AI-powered object recognition, and intelligent information summaries for ultimate convenience.

Additionally, the AI Glasses Pro features a MicroLED display with 7th-gen resin waveguide technology, offering a 30° field of view, over 1,500 nits of brightness AR display, and a lightweight, ultra-thin design. The AR display allows users to effortlessly enjoy features like translation display, navigation, information prompts, and teleprompting.

Equipped with a 250mAh battery, these glasses offer over 11 hours of music playback and 8 hours of mixed use with just 30 minutes of charging. An advanced ultra-linear speaker, bass enhancement, and spatial sound deliver an immersive audio experience, while Wi-Fi 6 and Bluetooth 5.4 ensure seamless connectivity.

With these innovative launches, TECNO is setting new standards in mobile imaging and AI-enhanced technology, shaping a more connected and empowered future for consumers in emerging markets. Once again, TECNO has showcased its cutting-edge innovation on the global stage at MWC. With the brand essence of “Stop at Nothing”, TECNO’s relentless pursuit of innovation is making AI-powered technology more accessible, allowing consumers to experience the future ahead of time.

Solomon Obwot is a tech writer based in Kampala, Uganda, with extensive experience in the local tech startup ecosystem. He covers the latest news and analysis on consumer tech, writes in-depth smartphone reviews, and conducts insightful interviews with industry experts. Solomon is also a passionate podcaster, sharing his knowledge and engaging in discussions about Africa’s rapidly growing tech landscape. Send emails to [email protected]

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