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TodayMonday, May 11, 2026

MTN Mobile MOney

Mobile money agents are part of the backbone of Uganda’s financial system, taking the largest share of withdrawal fees. From a UGX 4,325 charge on a UGX 150,000 transaction, for instance, they earn about UGX 1,600, roughly 37%, reflecting their critical role in providing liquidity and enabling access to cash nationwide.
Mobile money agents are part of the backbone of Uganda’s financial system, taking the largest share of withdrawal fees. From a UGX 4,325 charge on a UGX 150,000 transaction, for instance, they earn about UGX 1,600, roughly 37%, reflecting their critical role in providing liquidity and enabling access to cash nationwide.

How Much Tax You Pay on Mobile Money and Why it Matters

On the surface, withdrawing money from a mobile wallet appears to be a straightforward transaction. You request cash from an agent, pay a fee, and walk away. But behind that single charge
April 27, 2026
M-PESA Africa Managing Director Sitoyo Lopokoiyit speaks at the 2025 Fintechs Annual Gathering in Kampala, urging Africa to shape its own digital destiny through innovation, youth empowerment, and regional collaboration.
M-PESA Africa Managing Director Sitoyo Lopokoiyit speaks at the 2025 Fintechs Annual Gathering in Kampala, urging Africa to shape its own digital destiny through innovation, youth empowerment, and regional collaboration.

Building Africa’s Fintect Sovereignty: What we Learn from M-PESA’s Ambitious Vision and the Risk of a Possible New Wave of Digital Colonialism

At the 2025 Fintechs Annual Gathering in Kampala, Sitoyo Lopokoiyit, the M-PESA Africa managing director, delivered one of the event’s most compelling keynotes, part warning, part vision, and wholly inspiring. From personal
October 24, 2025
In the 12 months to June 30, 2025, mobile money and e-money providers transferred UGX 10.8 billion in closed-account balances to the central bank for safekeeping, which brought the total accumulation in unclaimed e-money to UGX88.1 billion.
In the 12 months to June 30, 2025, mobile money and e-money providers transferred UGX 10.8 billion in closed-account balances to the central bank for safekeeping, which brought the total accumulation in unclaimed e-money to UGX88.1 billion.

UGX88.1 billion Remains Unclaimed at BoU in Dormant Mobile Money Accounts

At least UGX 88.1 billion remains unclaimed in closed mobile money and other e-money accounts, a Bank of Uganda report shows. The money, which is currently held Bank of Uganda (BoU), has
October 10, 2025
MTN Uganda has long been a dominant force in the country’s telecom sector, but over the past two years, the company has entered a new era of accelerated and multidimensional growth, powered by a dynamic Executive Committee and the transformative leadership of CEO Sylvia Wairimu Mulinge.

The Big Yellow Machine: Meet the MTN Exco Team Driving the Telecom’s Accelerated Growth

Behind every billion-shilling leap in revenue, every surge in subscriber numbers, and every bold Fintech innovation at MTN Uganda is more than just strategy—it’s a story of people. A story of a
July 2, 2025
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Left-Right: MTN MoMo senior executives⏤ Richard Yego, the Managing Director; Jemima Kariuki-Njuguna, the Chief Product Officer; Stephen Mutana, the Chief of Strategy and Stakeholder Management; Sarah Bateta Okwi, the Chief Financial Officer and Alex Wekoye, the Chief Commercial Officer.

3 years after being spun off the parent company, MTN Mobile Money is emerging into Uganda’s largest fintech

Ahead of the fintech’s 3rd anniversary, CEO East Africa Magazine’s Executive Editor, Muhereza Kyamutetera, spoke to Richard Yego as well as Jemima Kariuki-Njuguna, the Chief Product Officer; Stephen Mutana, the Chief of
June 4, 2024
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Left to right: Bob Musinguzi, Manager SCD-USE, Paul Bwiso, the Chief Executive Officer, Uganda Securities Exchange pose for a photo alongside Stephen Mutana, the Chief Executive Officer MTN Mobile Money Limited

USE Partners with MTN Mobile Money to Digitalize SCD Account Opening

Uganda Securities Exchange’s (USE) Securities Depository USE SCD has today launched a digital Securities Central Depository (SCD) account opening platform in partnership with MTN Mobile Money in a bid to further democratize
September 14, 2021
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Customers at an MTN Mobile money booth. MTN Money Uganda Ltd controls the biggest market share of mobile lending in Uganda

MTN Values Mobile Money Arm at UGX18 trillion (US$5b), Considers IPO

MTN Group Ltd. values its mobile money arm at about US$5 billion (UGX18 trillion) and will consider a listing of the division, joining African wireless carriers trying to monetize a service that
April 13, 2021
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