Andrew Bugembe is an accomplished finance executive with over 25 years of experience in the telecommunications industry. He has served as Chief Financial Officer (CFO) and Executive Director at MTN Uganda since November 2020.
Andrew has worked with MTN in five countries, holding various executive and senior management roles, including Chief Financial Officer, General Manager of Financial Planning & Analysis, and General Manager of Financial Operations. He is a results-driven leader with extensive experience in senior management, stakeholder engagement, and risk management. Andrew adopts a hands-on leadership style and promotes a team-oriented approach to drive organizational improvements. He has a strong focus on financial analysis, insights, and execution.
He is committed to fostering growth through innovation and collaboration. He emphasizes building a culture of excellence, empowering employees, and prioritizing customer satisfaction to achieve success in a rapidly evolving market.
Under Andrew Bugembe’s financial leadership, MTN Uganda achieved remarkable growth, reporting a 21% increase in profit after tax and a 13% growth in mobile subscribers, reaching a total of 19.5 million users. . These results reflect the company’s resilience and robust performance, driven by execution excellence and effective capital allocation.
He was recognized as the CFO of the Year at the ACCA-Deloitte Awards for his outstanding contributions to financial management and leadership within the telecommunications sector.
Andrew’s extensive experience and strategic vision continue to make a significant impact on the success and growth of MTN Uganda and the broader telecommunications industry in the region.
In addition to his role at MTN Uganda, he serves as a Director at MTN Mobile Money (U) Ltd. and is a Non-Executive Director at MTN South Sudan. He is also a major donor to the Rotary Foundation and is known for his passion for family, financial independence, and golf.
TheCFO Magazine’s CFO of the Week recognizes exceptional Chief Financial Officers across Africa, celebrating their outstanding leadership, impactful achievements, innovative solutions, extensive industry expertise, and invaluable contributions to their organizations.