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…
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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At the 2025 Fintechs Annual Gathering in Kampala, Sitoyo Lopokoiyit, the M-PESA Africa managing director, delivered one of the event’s most compelling keynotes, part warning, part vision, and wholly inspiring….
Behind every billion-shilling leap in revenue, every surge in subscriber numbers, and every bold Fintech innovation at MTN Uganda is more than just strategy—it’s a story of people. A story of a sharp, diverse, and execution-driven leadership team that has turned ambition into action and growth into dominance. This is the powerhouse behind the performance. This is The Yellow Machine. MTN Uganda has long been a dominant force in the country’s telecom sector, but over the past two years, the company has entered a new era of accelerated and multidimensional growth, powered by a dynamic Executive Committee and the transformative…
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Uganda’s biggest Fintech, MTN Mobile Money (MoMo), is moving out of the family home. Long treated as just another product line within the telecom’s machinery, MoMo is being carved out into a separate corporate entity—MTN New FinCo—with ambitions to scale faster, partner globally, and perhaps one day join Africa’s elusive unicorn club. It’s a shift more than a decade in the making. Launched in 2009, MoMo lived for years as a revenue-generating cog inside MTN Uganda’s telecom engine. Its financials were buried within a blended mix of voice, data, and airtime earnings. Even after the 2021 National Payment Systems Act…
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In May 2021, Bank of Uganda issued two licenses to Airtel Mobile Commerce and MTN Mobile Money to conduct various money transfer and payment services. The licenses were partly intended to implement sections of the National Payment System Act 2020, which had transferred the regulation of mobile money from the Uganda Communications Commission to the Central Bank. In the years leading up to the enactment of the National Payment System Act 2020, there had been various conversations that highlighted the risk of an unregulated digital financial system. But in all this, government had become aware of the problem that not…
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As Uganda’s largest telecom company, MTN Uganda is not only connecting millions of people to voice, data, and digital financial services but also delivering strong returns to its investors. In…
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,…
Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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PostBank Uganda (PBU) in partnership with MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital micro lending solution that is positioned to extend short term facilities to MTN mobile money subscribers. This initiative is poised to provide approximately 13 million mobile wallet holders in the country with convenient access to financial assistance. XtraCash will be accessible through MTN mobile money, a leading mobile money operator, in partnership with PostBank Uganda as the financial partner providing much needed support to customers by extending micro-loans for everyday financial needs. While launching the new service, PostBank Uganda, Managing Director, Julius…
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