Airtel Uganda paid the Ugandan government $77.79 million to renew its 20-year licence, its latest financial report shows.

The company also borrowed $4 million from Standard Chartered Bank to pay for its licence renewal in October 2020, the new disclosures in its full financial year ending March 2021 show.

For more information, please see https://www.theeastafrican.co.ke/tea/business/uganda-bags-78m-from-airtel-in-licence-renewal-payment-3675974