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In April 2021, the government of Uganda incorporated Uganda Telecommunications Corporation Limited (UTCL), also referred to UTel. In February 2022, UTel signed a sale and purchase agreement with the insolvent UTL to acquire all UTL's assets and some of their liabilities for a total consideration of USh256.9 billion (approx. US$65.7 million), to ...
The institution was founded in 2005 as Micro Provident Uganda Limited. In 2012, the business re-branded to Letshego Uganda Limited. In 2013, Letshego Holdings Limited acquired control of Micro Africa Limited, a Kenya-based microfinance institution with subsidiaries in Kenya, Rwanda, Uganda, and South Sudan. The two operations in Uganda were ...
As of September 2020, Uganda recorded 20.1 million Internet users, [14] out of an estimated mid-year population of 41.58 million, [16] bringing internet penetration to 48.3 percent, nationwide. [14] As of 31 March 2022, according to the Uganda Communications Commission (UCC), there were a total of 30.6 million active telephone lines in the ...
Stanbic Bank (Uganda) Limited is licensed as a merchant banker, stockbroker, and financial adviser by the Capital Markets Authority, which licensed the USE in 1997. [ 11 ] [ 13 ] In 2017 the bank was awarded a bancassurance licence from the Insurance Regulatory Authority , authorizing Stanbic Bank to sell insurance products to its customers and ...
The postal service of for the protectorates of British East Africa and Uganda was called East Africa and Uganda Protectorates, and operated from 1 April 1903, to 22 July 1920. From 1948 to 1977, postal service in Kenya, Tanzania and Uganda was provided by the East African Posts and Telecommunications Corporation.
MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017. [4] [5] By 31 December 2019, its customer base had increased to 12.6 million customers. [3]
The Centenary Group of Companies, commonly referred to as the Centenary Group, is a privately owned conglomerate in Uganda. The anchor company in the group is Centenary Bank, the second-largest commercial bank in Uganda, based on assets. As of 31 December 2021 Centenary Bank had assets valued at USh4.8 trillion (US$1.359 billion).
Posta Uganda also sets the price for stamps and mail services, although it is limited in this respect by the Communications Act and by the Uganda Communications Commission. [1] In September 2012, Posta Uganda announced a new partnership with Gaming International , in its national and International money transfer service.