#MTN

MTN Uganda experienced a significant outage starting around midday, affecting calls, internet access, and Mobile Money services. Subscribers reported issues with making and receiving calls, accessing mobile data, and completing transactions. The disruption intensified around 1 p.m., and after several hours, MTN Uganda confirmed the outage was due to a power failure.

MTN Group has appointed Jerry Soko as the Chief Executive Officer of MTN Eswatini, effective July 1. This move is part of the company's strategy to strengthen its leadership as it aims for long-term growth. Soko previously served as acting CEO for seven months, during which he contributed to the company's operations.

Vodacom has gained majority control of Safaricom, acquiring a 55% stake in the company. This development comes alongside the Communications Authority's decision to penalise telecommunications companies for subpar service. Additionally, MTN has stated that protests regarding migration have not affected its operations, according to Techpoint Africa.

The National Communications Commission (NCC) and the Corporate Affairs Commission (CAC) are intensifying their enforcement regarding changes in telecom ownership in Nigeria. This development is part of a broader discussion that includes topics such as Spiro's $55 million investment in electric vehicles, potential US-Iran peace talks that may affect MTN's frozen assets, and the preloading of DStv Stream on Samsung TVs.

MTN Mobile Money (U) Limited has appointed Phrase Lubega as the new Managing Director, as announced by the Board of Directors. His appointment is pending regulatory approval from the Bank of Uganda. Lubega, a Ugandan national, has significant experience in the industry, marking a return to a leadership role within the company.