payment Archives – CEO East Africa

Ugandans transacted UGX 435 billion per day through MTN mobile money in 2024

Paul MurungiBusiness & Markets The Big StoryMarch 6, 2025March 7, 2025

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…

Top Bankers and Financial service providers set to converge over fraud on 24th July

Paul MurungiBusiness & Markets The Big StoryJuly 22, 2024July 22, 2024

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…

NSSF savers reap UGX 80.6 billion dividends from MTN Uganda in three years

Paul MurungiBusiness & Markets The Big StoryJuly 4, 2024July 4, 2024

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…