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TodayMonday, May 04, 2026

Digital Financial Services

(Left-Right): NCBA Group Director Finance David Abwoga, Group Managing Director and CEO John Gachora, and Group Director Regional Business Strategy Louisa Wandabwa and Raphael have a light moment during the release of the Group’s results in Nairobi, Kenya.
(Left-Right): NCBA Group Director Finance David Abwoga, Group Managing Director and CEO John Gachora, and Group Director Regional Business Strategy Louisa Wandabwa and Raphael have a light moment during the release of the Group’s results in Nairobi, Kenya.

NCBA Posts 7% Profit Growth, Unveils Ambitious Five-Year Plan

NCBA Group has posted a 7% rise in net profit to Ksh23.4 billion (about UGX 660 billion) for the year ended 2025, boosted by stronger asset growth, improved margins, and a sharp
March 30, 2026
Sitoyo Lopokoiyit will step down as CEO of M-PESA Africa on 31 March 2026, closing a transformative chapter that saw the platform expand across eight African markets and evolve into a fully integrated fintech ecosystem.

Absa Group Appoints M-PESA Africa CEO Sitoyo Lopokoiyit as Head of Personal and Private Banking

Absa Group has confirmed the appointment of M-PESA Africa chief executive Sitoyo Lopokoiyit as the new head of its Personal and Private Banking division, marking a significant leadership move as the South
February 11, 2026
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Delivering Value Across the Board – MTN Uganda CEO Sylvia Mulinge stands at the helm of a transformative year, driving UGX 641.5 billion in net profit, rewarding shareholders with UGX 506 billion in dividends, expanding digital access for customers, and investing UGX 4.6 billion in community impact initiatives.

MTN Uganda’s Sylvia Mulinge delivers a landmark UGX641.5 bn in 2024 net profit, underpinned by all-around stakeholder value 

MTN Uganda has recorded a landmark UGX641.5 billion in net profit for 2024, reflecting a strong financial performance and a year of sustained commercial momentum. Under the leadership of Chief Executive Officer
March 6, 2025
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Left-Right: State Minister for Microfinance Hon. Haruna Kasolo, MTN Uganda CEO Sylvia Mulinge, PostBank CEO/MD Julius Kakeeto, and MTN MoMo CEO Richard Yego.

PostBank and MTN Uganda partner to digitise PDM payments with the launch of the “Wendi” digital wallet

PostBank Uganda, in partnership with MTN Uganda, has launched “Wendi,” an innovative mobile wallet platform designed to support the government of Uganda in the seamless disbursement of PDM (Parish Development Model) funds.
July 13, 2023
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Richard, becomes MTN Mobile Money Uganda’s first Managing Director, since the MTN Uganda wholly-owned digital financial services company was spun off its mother company. He is no stranger to mobile money services- as he holds a combined 16+ years of experience in banking and digital financial services.

EXCLUSIVE: MTN taps Richard Yego as its first Managing Director, of the now independent MTN Mobile Money unit

MTN Mobile Money Uganda Limited, the wholly owned mobile money subsidiary of MTN Uganda, has picked Richard Yego as its first substantive Managing Director, CEO East Africa Magazine can exclusively reveal. According
January 15, 2022
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