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MTN Pays Shs1.1 trillion in taxes as it declares Shs403b dividends

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MTN Uganda has disclosed it paid Shs1.1 trillion in taxes to government in the financial year ending.

The Telcom giant revealed this while at its annual general meeting for its shareholders today.

“We contributed Shs1.1 trillion. Invested Shs353.5 billion in our network” reads the statement from the shareholders meeting.

At the same meeting, MTN Uganda board Chairman Charles Mbire announced dividends of Shs403 billion for shareholders.

“This, together with the interim dividends paid during 2023, brings the total dividends for 2023 to Shs403 billion, translating to a dividend of Shs18 per share”

Charles Mbire, MTN-Uganda board chairman.

Meanwhile 99.99 of the MTN shareholders have voted Mr Mbire to continue in the leadership of the company because of his past record of delivering and keeping the company above board and transparent.

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