Mastercard and MTN has announced a strategic partnership to enable millions of MTN MoMo customers in 16 African countries to shop and pay online with global merchants. Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers can now unlock a host of opportunities and shop from their favorite international brands online while in their home countries or travelling abroad. The announcement comes at a time when e-commerce and online shopping are reaching record levels across Africa. According to the Economy 2021 outlook conducted by the Mastercard Economics Institute, 20-30% of the COVID-19-related surge in…
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ayoba, the African messaging app, has reiterated its focus on protecting their users’ privacy and security. In the past few days, the global community has spoken, and it’s clear that these are critical issues. Across the world, users have taken to social media to express their opinions, and ayoba is listening.The company has reassured its users that it’s not possible for messages in the app to be read by anyone, or shared to any third parties. The app features peer-to-peer private messaging which are end-to-end encrypted. A user’s contacts and location are only available to other users if explicitly shared by the account…
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On Friday October 30, 2020, MTN announced the sale of its 18.9% stake in Jumia, a deal which earned the telecom giant in the excess of UGX533b (US$142.31 million). According to MTN, the move to sell off the stake is part of its ongoing efforts to streamline the Group portfolio as well as minimize debt through disposal of non-core businesses. “We are proud to have been a partner in the evolution of one of Africa’s pioneering online marketplace businesses and will continue our relationship with Jumia through ongoing operational partnerships in some markets,” MTN said in a statement. MTN initially…
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MTN Uganda is giving back to its customers in a big way as the financially crippling COVID-19 battle continues in Uganda and across the globe. With over UGX1.2 billion worth of mobile money up for grabs, two lucky customers will stand a chance to win up to UGX5 million every weekday, to help them rebuild their lives during these financially challenging times. Teaching is one of the professions that took a hit because of COVID-19. It even gets harder for the private school teachers who are not earning salary as schools have been closed since March. Emily Tumuheki, a private…
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Silvia Nyambura MTN Uganda’s biggest telecoms operator by subscriber base has registered a 17.9 percent increase in revenues to record Ushs 1.86 trillion for the year ending December 2013 compared to Ushs 1 trillion in December 2012. The encouraging performance was attributed to continuous increase in data as well as outgoing voice revenues. According to the company CEO Mazen Mroue, data revenues grew by 51.7 percent to record Ushs 76 billion in 2013 compared to Ushs 64 billion in 2012. “Data subscription grew by 124 percent while mobile data revenues grew by 159 percent. Currently we have 2.5 million internet…
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Silvia Nyambura MTN Uganda has announced that it recorded an increase in SMS traffic by 1 million from 14 million to 15 million for the festive period between December,24, 2013 and January,1, 2014 compared to the same period in 2012. The company also announced increased activity in voice, data and mobile money services for the same period. Social Media continues to be a key focus area for the company with MTN Uganda’s Facebook and Twitter pages becoming the fastest growing and most popular social media pages in Uganda. By the end of 2013, the number of Facebook followers on the…
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Silvia Nyambura With the growing trends in technology, MTN Uganda through the MTN Foundation has continued to helped bridge the digital divide in the country with the recently commissioned Ushs 200 million ICT Resource Center in partnership with the Mukono District administration. The Resource Center which was fully funded by the foundation is equipped with 60 work stations, a fully connected internet Hot spot and is expected to attract over 1000 users from the surrounding community every month. Speaking at the commissioning ceremony held on Friday 17th January 2014, the CEO MTN Uganda Mazen Mroue reaffirmed MTN’s commitment to continue…
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By Patrick Kagenda MTN Uganda over the week ended December 20, 2013, hosted the end of year Mug of Mugs, an all day golfing event in which the MTN staff and other corporate companies participated at the Kampala Golf Club. The MTN Mug of Mugs is the last mug in a series of 12 monthly mugs and 4 quarterly mugs sponsored by MTN Uganda. Speaking at the prize giving ceremony, the MTN Uganda CEO Mazen Mroue expressed pride in what MTN Uganda has done to bridge the gap between business and sports re-affirming that the game of golf would have…
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By Taddewo Senyonyi According to Bank of Uganda (BoU)’s 2012 Annual Supervision Report, annual bank deposits have grown over the last three years though at a sluggish rate, an indication that more Ugandans are slowly taking on banking. Last year, bank deposits grew by 17.5% to Ushs 10.5trillion up from Ushs 8.9trillion in 2011. In 2010, bank deposits grew by 42.5% to Ushs 8.02% up from 5.63% in 2009. The same report notes that in 2012, Mobile Money (MM) transfer services continued to register strong growth. “The number of registered customers increased from 2.9 million in 2011 to 8.9 million…
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By Mark Muhumuza In June 2012, Uganda’s largest telecom company, MTN Uganda, brought in a new CEO, Mazen Mroue. At the time, the company was going through a series of reputational challenges mainly a mobile money scam from within and for Mroue it was “diving in at the deep end
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