Today, Sylvia Mulinge officially marks one year as Chief Executive Officer MTN Uganda. Her appointment last year made a mark as she is the telco’s first female CEO.
Sylvia’s tenure has been successful so far. MTN Uganda has kept up with the double-digit growth rate it had prior to her reign. During, the last one year, the telco reported a 15% growth in revenue. Revenue for the first half of 2022 was UGX 1.1 billion with a huge growth to UGX 1.25 trillion in the first half of 2023.
Furhermore, the kenyan’s reign has been marked with growth in revenue from all streams. In the first half of 2023, data revenue experienced a significant increase of 22.1%, reaching UGX 290.2 billion compared to UGX 237.6 billion in the same period of 2022. Similarly, fintech revenue (MoMO) showed strong growth, rising by 18.6% to UGX 358.3 billion, up from UGX 302.1 billion in H1 2022.
On the other hand, voice revenue also grew but at a slower rate, with a 9.4% increase from UGX 497.7 billion to UGX 544.7 billion.
The Profit After Tax (PAT) saw a notable rise of 17.8%, reaching UGX 228.0 billion, up from UGX 193.6 billion. This increase can be attributed to several factors, including an 11.2% growth in mobile subscribers, a 21.4% increase in data subscribers, and an 11.6% rise in active fintech users.
In July 2023, she also led the telco’s ambitious 5G network rollout.
Sylvia Mulinge Previous Role
Sylvia Mulinge took over MTN Uganda from Wim Vanhelleputte. After, a brief sojourn in West Africa Mr. Wim Vanhelleputte is now back in East Africa as the CEO for Safaricom Ethiopia.
Vanhelleputte and Sylvia may have exchanged companies as Sylvia was previously at Safaricom. She worked at Safaricom PLC for more than 16 years before leaving last year.
She started working at Safaricom in the Enterprise division as a Prepay Product Manager. She then proceeded to be Head of Retail from 2007 to 2009. Sylvia became the General Manager Enterprise Business Unit before starting a new role as a Chief Consumer Business Officer. In 2018, she was promoted to Chief Customer Officer.
This year MTN Uganda also celebrates 25 years of operation in Uganda.