In 2024, MTN Uganda delivered more than just record-breaking financial results—it delivered measurable national impact. With UGX 641.5 billion in net profit, UGX 1.3 trillion in total tax contributions, and…
Uganda is embracing the digital age, and the fintech sector is growing rapidly, transforming how people access financial services. At the forefront of this change is MTN Mobile Money (U) Ltd (MTN MoMo), a leader in mobile financial services that is making it easier for Ugandans to engage with their finances. MTN MoMo offers a wide range of services, including a robust credit ecosystem that enhances financial access and supports economic growth across the country. Through partnerships with respected financial institutions like NCBA, KCB, PostBank Uganda, and Jumo, MTN MoMo has brought to the customers several innovative products—such as MoKash,…
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Corporate reputation is an aggregate of public perceptions about an organisation’s social, political, ethical and business behaviour and how people engage with that organisation based on these perceptions. Ultimately, this…
MTN Uganda successfully concluded its 2024 Supplier Forum, held yesterday, at the MTN Head Offices in Kampala. The event, themed, “Building Tomorrow’s Supply Chain Today,” brought together over 300 MTN Uganda vendors and partners, aiming to unlock innovation and growth potential through technology and partnership synergies. MTN Uganda’s Supplier Forum is a key event in the company’s calendar, designed to bring together vendors and partners to discuss the future of supply chain management in the industry, every other year. Building on the success of the inaugural forum in 2022, which hosted over 300 vendors, this year’s event focused on creating…
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Of this, MTN Mobile Money (U) Limited (MTN MoMo) the fintech subsidiary of MTN Uganda, Uganda’s largest telco commanded a lofty market share of 12.36 million active customers (56% market share). MTN MoMo also commands a larger share of agents, value of transactions and agents as well. But even with market dominance, Richard Yego, the fintech’s Chief Executive Officer believes that they are yet to maximise their full purpose⏤ Everybody deserves the benefits of a modern connected but also financially inclusive life. “We are hungry for more,” he says. To fully deliver on the business goals of “creating a marketplace…
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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 Strategy and Stakeholder Management, Sarah Bateta Okwi the Chief Financial Officer and Alex Wekoye, the Chief Commercial Officer, about the unstoppable omnipresent platform of platforms that MTN MoMo is becoming. As mentioned above, 2023 marks the second full year of MTN MoMo’s existence as a standalone fintech as well as two years since you joined the company as its first substantive CEO. Can you share an overview of…
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As part of its continued commitment to empowering and uplifting women in business across Uganda, MTN Uganda this week unveiled a group of 118 exceptional women entrepreneurs that the telco has selected as service providers under its Advancing Women Entrepreneurs (AWE) program. Launched in October last year, this initiative underscores MTN’s commitment to empowering and uplifting women in business across Uganda. The AWE program was designed to; grow the female MTN supplier base, build the capacity of women businesses through skills development as well as build sustainable business ecosystems through mentorship and coaching programs. Through a rigorous selection process following…
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On Tuesday 4th October 2022 in a press conference to introduce Sylvia Mulinge, as MTN Uganda’s new Chief Executive Officer, Charles Mbiire, the MTN Uganda Board Chairman and 3rd largest shareholder assured customers, staff, shareholders and other stakeholders that with Sylvia Mulinge, the telco was in “capable hands”. He told the media that the board was “very confident” in Ms. Mulinge’s “passion for transforming customers’ lives, leadership, and women empowerment using technology” and they were banking on this possession for the telco’s “accelerated growth and the positioning of MTN for greater relevance ahead”. “I would like to reassure all our…
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In just four months after its launch, PostBank Uganda’s digital wallet, Wendi has hit a record UGX200 billion in payments to over 200,000 Parish Development Model (PDM) beneficiaries countrywide. According to statistics released by the company, this record has been facilitated by Wendi’s robust network of PostBank payment platforms as well as those of its bank partners and mobile money companies. “Since its launch in November 2023, Wendi has onboarded more than 430,000 subscribers and over 2,000 agents countrywide. These agents are complemented by the numerous touchpoints of our partners; MTN Uganda and Airtel Uganda, who have over 250,000 agents…
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By Innocent Kawooya In the ever-evolving digital age, where technology continues to shape our lives, the financial technology (FinTech) sector in Uganda has witnessed remarkable growth and transformation. FinTech has become a driving force behind financial inclusion, offering innovative solutions that simplify financial transactions, making them more accessible to a broader population. However, as FinTech thrives, so does the lurking threat of cybercrime. It is crucial to recognize the importance of safeguarding this digital ecosystem against malicious actors. For example, consumer trust is paramount in FinTech, particularly regarding safeguarding funds against threats like account takeovers. It’s vital for consumers to…
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