The structural separation of MTN MoMo Uganda, a move that will see the country’s largest mobile money business operate as an independent, Bank of Uganda–licensed fintech company is gathering significant…
Uganda’s remittance inflows are worth more than USD 1.4 billion a year — a figure Julius Kakeeto, Managing Director of PostBank and Chairman of the Uganda Bankers’ Association, believes can…
Imagine Amina, a young mother in Kampala, waiting every month for money sent by her brother working abroad. That money pays for her children’s school fees, medicine, and food. But…
MTN in 2024 delivered yet another solid year, cementing its place as Uganda’s most profitable and actively traded listed company. With double-digit revenue growth and record earnings, the telecom giant showcased operational strength and investor confidence. Yet, looming over this strong performance is a strategic pivot that has analysts sounding the alarm: the planned spin-off of its fintech arm—MoMo—could significantly alter the company’s growth trajectory and valuation dynamics. Fintech Fuelled, But For How Long? MTN Uganda’s total revenue surged by 18.87% to UGX 3.17 trillion ($857.49 million) in FY2024, up from UGX 2.67 trillion in FY2023. Of this, fintech services…
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In this exclusive interview, Muhereza Kyamutetera, Executive Editor of CEO East Africa Magazine, sits down with Jemima to explore her journey at MTN MoMo, the key milestones she has achieved,…
MTN is expected to complete the separation of its financial technology (Fintech) business from its listed company under MTN Uganda in the first half of this year. The separation, which MTN Group chief executive officer Ralph Mupita told Bloomberg is part of the requirements for a reorganization in preparation for a $200 million (UGX 732.2 billion) capital investment by Mastercard in the company’s Fintech business, is more advanced in Uganda and Ghana, but remains behind schedule in Nigeria due to a complex regulatory landscape that requires additional processes before the separation is finalised. In July last year, MTN Uganda, in…
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Airtel Mobile Commerce Uganda Limited (AMCUL), in partnership with Mastercard, Diamond Trust Bank, Network International, has today launched the Airtel Money Global Pay Card, a virtual prepaid card designed to give Ugandans a…
South African star Mas Musiq, known for his energetic Amapiano performance, made his East African debut with a memorable performance at Club Guvnor. The event, sponsored by I&M Bank Uganda and new tequila brand- Don Julio, turned out to be an electrifying night of music and fun for Amapiano lovers, at Kampala’s legendary nightspot- Guvnor. A few hours after his album Lane Yam dropped, at midnight, on September 13, Mas Musiq touched base in Uganda, ready to share some of his music with his fans here. His songs off the album, like Adrenaline, Abafana, Khuzeka, Phanisha, and Konakele, had already…
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The UK’s leading ABBA tribute act, ABBA Re-Björn, will make their debut performance in Uganda on Friday, 6th and Saturday, 7th September 2024, at Somewhere Else Bar and Restaurant in Naguru, Kampala. Re-Björn is a full-time professional ABBA tribute act that has toured many countries around the world. This will be their first performance in Kampala, where they will recreate the iconic and much-loved songs of the legendary Swedish quartet. The event, with I&M Bank Uganda as a partner, promises fun and enjoyment for all attendees. With smooth harmonies, high-energy performances and replica costumes, Re-Björn promises to get everyone dancing…
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Uganda Bankers’ Association (UBA)⏤the umbrella association of financial institutions supervised by the Bank of Uganda⏤ has announced that the 2024 edition of its flagship Annual Bankers Conference shall be held on Wednesday, the 19th of June 2024 at the Kampala Serena Hotel. Organised by the Uganda Bankers’ Association (UBA), together with the Bank of Uganda, the Annual Bankers’ Conference (ABC) is a signature industry event that brings together regulators, practitioners and various industry experts from domestic, regional, international and national spheres involved in delivering financial/banking services, to discuss issues, trends, drivers and dynamics that are increasingly shaping sustainability strategies…
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