Tycoon Mbire’s MTN Uganda shares Recover, Rise toward $70 million

Chairman Mbire earns shs 55 million per day from MTN dividends

Businessman Charles Mbire’s investment in MTN Uganda is staging a strong comeback, nearing the $70 million mark after rebounding by nearly $5 million in just 51 days. 

After facing early-year losses, the value of Mbire’s 4-percent stake in MTN Uganda has surged alongside an 8 percent rally in the telecom giant’s stock price. The recovery reflects renewed investor optimism and reaffirms the businessman’s position as one of Uganda’s most formidable investors. 

From a Sharp Dip to a Steady Rise 

In the first two months of 2025, Mbire’s shares in MTN Uganda dropped by $3.65 million—from Ush259.71 billion ($70.57 million) to Ush246.28 billion ($66.92 million)—as the telecom’s stock faltered. But in just 51 days since March 18, his fortunes have reversed dramatically. 

With MTN Uganda shares climbing from Ush250.00 ($0.06828) to Ush270.00 ($0.0737), Mbire’s stake has risen by Ush17.91 billion (approximately $4.89 million), now valued at Ush241.80 billion or around $66.04 million. The rebound places his investment within striking distance of the $70 million level once again. 

MTN Uganda’s Market Capitalization Tops $1.65 Billion 

This turnaround coincides with MTN Uganda’s overall market performance. The company, which serves over 21 million subscribers and remains a flagship of Africa’s largest telecom group, has seen its market capitalization cross the $1.65 billion threshold—cementing its status as one of East Africa’s most valuable firms. 

The 8 percent jump in stock price over the past seven weeks has not only fueled Mbire’s gains but has also benefited institutional and retail investors on the Uganda Securities Exchange (USE). 

Still Down Year-to-Date, but Momentum Builds 

Despite recent gains, MTN Uganda’s stock remains down 1.82 percent since the beginning of 2025. A hypothetical $100,000 investment made on January 1 would now be worth $98,180—reflecting a modest dip of $1,820. Yet, the current momentum suggests investor sentiment may be shifting, especially with the regional telecom sector showing signs of resilience. 

A Broader Empire: Mbire’s Diversified Holdings 

While MTN Uganda remains a centerpiece of Charles Mbire’s investment portfolio, his business interests span far beyond telecoms. He maintains significant holdings in finance, real estate, mining, and energy—sectors that have collectively shaped his influence in Uganda’s economic landscape. 

As chairman of MTN Uganda and a dominant force on the USE, Mbire continues to exemplify high-stakes investing in a volatile, yet opportunity-rich, market