We present results on the global and local characterisation of heat transport in homogeneous bubbly flow. Experimental measurements were performed with and without the injection of ${\sim}2.5~\text{mm}$ diameter bubbles (corresponding to bubble Reynolds number $Re_{b}\approx 600$) in a rectangular water column heated from one side and cooled from the other. The gas volume fraction $\unicode[STIX]{x1D6FC}$ was varied in the range 0 %–5 %, and the Rayleigh number $Ra_{H}$ in the range $4.0\times 10^{9}{-}1.2\times 10^{11}$. We find that the global heat transfer is enhanced up to 20 times due to bubble injection. Interestingly, for bubbly flow, for our lowest concentration $\unicode[STIX]{x1D6FC}=0.5\,\%$ onwards, the Nusselt number $\overline{Nu}$ is nearly independent of $Ra_{H}$, and depends solely on the gas volume fraction $\unicode[STIX]{x1D6FC}$. We observe the scaling $\overline{Nu}\,\propto \,\unicode[STIX]{x1D6FC}^{0.45}$, which is suggestive of a diffusive transport mechanism, as found by Alméras et al. (J. Fluid Mech., vol. 776, 2015, pp. 458–474). Through local temperature measurements, we show that the bubbles induce a huge increase in the strength of liquid temperature fluctuations, e.g. by a factor of 200 for $\unicode[STIX]{x1D6FC}=0.9\,\%$. Further, we compare the power spectra of the temperature fluctuations for the single- and two-phase cases. In the single-phase cases, most of the spectral power of the temperature fluctuations is concentrated in the large-scale rolls/motions. However, with the injection of bubbles, we observe intense fluctuations over a wide range of scales, extending up to very high frequencies. Thus, while in the single-phase flow the thermal boundary layers control the heat transport, once the bubbles are injected, the bubble-induced liquid agitation governs the process from a very small bubble concentration onwards. Our findings demonstrate that the mixing induced by high Reynolds number bubbles ($Re_{b}\approx 600$) offers a powerful mechanism for heat transport enhancement in natural convection systems.