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    Mobile Money

    MTN Uganda Begins Gradual Separation of Mobile Money Business to Attract Fintech Investors

    Paul MurungiThe Big StoryJune 11, 2025June 11, 2025

    MTN Uganda has officially announced a landmark proposal to structurally separate its mobile money and fintech operations from the core telecommunications business, a move set to redefine the company’s financial…

    CONFIRMED: MTN to complete separation of Fintech unit from listed business before June 

    Paul MurungiAfricaNews & AnalysisThe Big StoryMarch 18, 2025March 20, 2025

    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…

    How dfcu Bank is driving Financial Inclusion and Economic Empowerment in Northern Uganda

    Paul MurungiCompany NewsNovember 29, 2024November 29, 2024

    Northern Uganda’s economic landscape, driven largely by agriculture, has presented unique challenges and opportunities for financial inclusion. dfcu Bank has taken strategic steps to adapt its services and empower communities,…

    10 Key Issues from the BOU Annual Report: Each board member is paid retainer of UGX 5 million per month!

    CEO ReporterGovernment AgenciesNews & AnalysisNovember 14, 2023November 14, 2023

    Bank of Uganda recently released its annual report for 2022/2023. The report highlights the central bank’s performance in relation to its major obligation as the guardian of country’s economy. It…

    Uganda Received USD 1.3bn in Remittances from its Diaspora in 2022 According to the World Bank.

    Jonathan N. LubwamaAfricaEast AfricaFinanceFintechsGlobal NewsIndustry & AnalysisNews & AnalysisStartupsSeptember 28, 2023September 28, 2023

    In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and…

    Wave Mobile Money Named in Y Combinator’s Inaugural 2023 Top Companies by Revenue List.

    Jonathan N. LubwamaFintechsICTIndustry & AnalysisJuly 3, 2023July 3, 2023

    Mobile Money challenger startup, Wave, has been listed by the famed Silicon Valley accelerator program, Y Combinator in its inaugural Top Companies List by Revenue. The list was shedding light…

    Ecobank Uganda partners with MTN to ease accessibility to float for MTN MoMo’s 120,000++  Agents 

    The CEO Magazine TeamCompany NewsIndustry & AnalysisTop 10May 9, 2023May 9, 2023

    Ecobank Uganda has today announced that it has partnered with financial technology firm, MTN Mobile Money Uganda Limited (MTN MoMo) to enable mobile money traders, merchants, and consumers to access…

    Wave Mobile Money lays off 300 staff in belt-tightening wave

    Muhereza KyamuteteraCompany NewsFintechsIndustry & AnalysisNews & AnalysisThe Big StoryJune 30, 2022November 13, 2022

    Wave Mobile Money Uganda Limited, one of the latest entrants in the lucrative mobile money market, has laid off 300 staff, CEO East Africa Magazine can exclusively reveal. It is…

    MultiChoice Uganda’s Asiimwe Colin moving to Wave Mobile Money as Marketing Lead

    Muhereza KyamuteteraNews & AnalysisThe Big StoryMarch 5, 2022March 5, 2022

    Asiimwe Colin, until recently the Head of Marketing at Multichoice Uganda has been snapped up by digital money firm, Wave Mobile Money Uganda as its Marketing Lead, CEO East Africa…

    ID Requirement to Withdraw Mobile Money Can’t Work-MTN

    URNCompany NewsJanuary 25, 2021January 25, 2021

    Mobile Telecommunication Network-MTN Uganda has dismissed as unfeasible, talks of plans to make the National ID an identification requirement for anyone intending to withdraw cash from a Mobile Money agent….

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