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Ugandans on average transacted UGX 159 trillion on MTN Mobile Money, which translated to UGX 435 billion per day for the 12 months to December 2024. Details contained in the…
Stakeholders in the banking, payments and other financial services sector will on 24th July converge for the second fraud forum to take stock of the progress of new developments and trends since the inaugural event was held in March 2023. The 2nd Fraud Forum 2024 will focus on the theme: ‘Collaboration Against Fraud Targeted At The Banking And Payment Services Ecosystem; Building Resilience For Today, Tomorrow & Beyond’, and will be hosted by the Uganda Bankers’ Association in partnership with VISA, Bank of Uganda, Uganda Communications Commission and National Payment Systems Providers Association (NPSPA). Fraud has been earmarked as a…
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The National Social Security Fund (NSSF) has reaped a total of UGX 80.6 billion from its investment in MTN Uganda over the last 3 years, following payment of UGX 39.8 billion dividends for the year ended December 31, 2023. The payment is the largest the Fund has earned from a listed company in the region this year, NSSF Managing Director Patrick Ayota said during a media conference at Workers House on Thursday. “Not only is MTN Uganda the highest dividend payer across our equity portfolio this year, but the company has also been consistent in delivering positive growth over the last…
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