By Mulengera Reporters
Airtel Uganda held its Annual General Meeting (AGM) for 2025, March 18, presenting a strong financial and operational performance for the year 2024.
The meeting, led by Board Chairman Hannington Karuhanga, highlighted the company’s resilience, growth, and commitment to creating value for shareholders, customers, and the Ugandan economy.
Chairman Hannington Karuhanga reflected on a pivotal year for Airtel Uganda. “This year has been a significant chapter in our journey, marked by resilience and growth. It was also our inaugural year as a publicly listed company,” he noted.
Managing Director Soumendra Sahu reinforced Airtel Uganda’s commitment to regulatory compliance and economic transformation. “Our commitment to our license obligations remains firm. We complied with all regulatory directives and contributed UGX 30.2 billion ($8.2 million) in spectrum fees for the period of November 2024 to November 2025,” he stated.
Airtel Uganda made significant strides in expanding its network infrastructure. In 2024, the company added 150 new 5G sites, bringing the total to 200, enhancing digital connectivity across the country. Today, Airtel Uganda’s 2G network covers 98.9% of the population, ensuring widespread mobile access.
Customer verification remained a priority, with Airtel successfully implementing the new Know Your Customer (KYC) regulations. “Our entire customer base is fully verified and reviewed regularly,” said Sahu.
To further drive digital inclusion, Airtel Uganda continues to engage the government in discussions on reducing taxes on entry-level smartphones and home broadband devices, making technology more accessible to Ugandans.
Looking ahead, Airtel Uganda is set to focus on strengthening its distribution network and Go-To-Market strategies, expanding its network infrastructure to deliver the best video and connectivity experience using the latest technologies, enhancing the MyAirtel App for seamless customer self-service, and accelerating home broadband expansion through fiber and 5G technology.
“Our home broadband segment is growing, and we will leverage our expanding fiber network and 5G technology to enhance this segment and drive value for our shareholders,” Sahu added.
Shareholders were keen on the future of Airtel Uganda’s stock. Chairman Karuhanga confirmed that the remaining 9.11% of unsubscribed shares will be available in November 2026.
When asked about the next physical AGM, Karuhanga emphasized the company’s use of modern technology for engagement. “We are a technology-driven company and will be hosting interactive town halls with stakeholders in due course,” he assured.
As Airtel Uganda continues its journey as a publicly listed entity, it remains committed to innovation, digital transformation, and delivering value to all stakeholders.
With a robust strategy for network expansion, regulatory compliance, and customer-centric growth, the company is poised to lead Uganda’s telecom sector into the future. (For comments on this story, get back to us on 0705579994 [WhatsApp line], 0779411734 & 041 4674611 or email us at mulengeranews@gmail.com).
