For years, Uganda’s digital lending sector has expanded at breathtaking speed, but without the underlying visibility required to support responsible growth. Borrowers have increasingly turned to mobile money as their…
Mobile money agents are the engine of Uganda’s everyday economy, and this is most visible on weekends. From Friday evening through Sunday, transaction volumes surge as customers trade, pay, and move money. The dfcu Weekend Agent Float Loan was designed with one clear purpose: to ensure agents never lose business simply because they have run out of float when demand is highest. Douglas Nidoi, Ecosystems Manager at dfcu Bank, answers some of the most frequently asked questions about the product. Q: What is the dfcu Weekend Agent Float Loan? A: The dfcu Weekend Agent Float Loan is a short-term, fully…
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Mobile money is the backbone of Uganda’s everyday economy. With over 30 million registered accounts and trillions of shillings transacted every month, mobile money powers how Ugandans pay, trade, and support one another. Much of this activity peaks on weekends. Across the country, Saturdays and Sundays record some of the highest transaction volumes, driven by market days, travel, social functions, remittances, and informal trade. For mobile money agents in taxi parks, trading centres, and neighbourhood kiosks, weekends are often the most profitable days of the week. Yet they have also been the most frustrating. When demand is highest, access to…
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MTN Group chief executive Ralph Mupita has hailed Uganda as the company’s “model operation” and confirmed that it is now MTN’s second-biggest fintech market in Africa, second only to Ghana, and well ahead of Nigeria in meaningful contribution to the Group’s digital-financial services business. Speaking to CEO East Africa Magazine’s Paul Murungi in Johannesburg, South Africa, on the sidelines of the B20 Summit, the official G20 platform for global business engagement, Mupita said Uganda’s macroeconomic stability, regulatory certainty, and forward-looking digital adoption have made the country one of MTN’s most reliable sources of fintech growth. “Uganda in many respects is…
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A decade ago, Africa’s fintech revolution began as a response to one of the continent’s most persistent challenges: access to finance. In 2011, only 23% of people in sub-Saharan Africa had access to formal financial services, according to the World Bank. The launch of M-PESA in Kenya marked a turning point, proving that mobile technology could leapfrog traditional banking barriers. By enabling millions to send and receive money using basic feature phones, M-PESA laid the foundation for a continental digital finance revolution. As mobile penetration surged, surpassing 500 million unique subscribers by 2022 (GSMA), fintech startups began filling the gaps…
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A milestone moment for African connectivity MTN Group has cemented its position as Africa’s leading telecommunications company, officially becoming the first African-headquartered telco to surpass 300 million subscribers. The milestone marks the successful achievement of the Group’s Ambition 2025 strategic target to serve 300 million customers across its markets. The announcement was made by MTN Group President and CEO Ralph Mupita during the company’s annual Ambassadors Appreciation Dinner, held on October 16, 2025, in South Africa. The gathering brought together African diplomats, senior government officials, and CEOs from across MTN’s operations, alongside members of the Group Executive Committee, to celebrate…
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MTN Uganda’s shareholders have given the green light to a major corporate restructuring that will formally separate the company’s high-performing mobile money business, MTN MoMo, from its core telecom operations. The move, ratified at a hybrid extraordinary general meeting held today, marks a turning point in Uganda’s financial services and telecom landscape and signals a broader shift toward unlocking value from fast-growing fintech assets. The decision authorizes the implementation of the “Proposed Transaction,” which involves the legal and operational separation of MTN Mobile Money Uganda Limited (MTN MoMo) from MTN Uganda Limited. The new standalone entity will be owned by…
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In Uganda’s fast-evolving digital financial landscape, two telecom titans—MTN MoMo and Airtel Money—are locked in a high-stakes, trillion-shilling duel. Their battlefield? Mobile money. Their weapons? Revenue, reach, profitability, and performance….
S-Wallet is revolutionizing the way pocket money is managed through a smart, secure, and digital-first approach. What started as a simple digital pocket money solution is now powering a new…
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,…
