COVID-19: Telecoms voice and mobile money revenue falls by 26 per cent and 34 per cent respectively
Telecoms took big revenue hits on mobile money and voice calls but made minor gains on data revenue. With Uganda’s 2020 growth projections lowered to between 2.5% and 3.5%, medium term future still remains shaky
Reduced intra and foreign trade as well as travel restrictions imposed by government to contain the spread of the Covid-19 causing coronavirus has badly hit telecom companies in Uganda.
According to a preliminary report by the Uganda Communications Commission (UCC) the industry regulator, revenue from voice calls, declined by 26 per cent while revenue from mobile money services declined by 34 p
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