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MTN MoMo Uganda, in partnership with dfcu Bank and Letshego Uganda, has launched two new digital loan products aimed at giving more than 250,000 mobile money agents instant access to working capital. The move addresses a longstanding liquidity challenge that has constrained agent operations for years. The products, dfcu Bank Weekend Agent Loan and Letshego Agent Loan Float, have been added to the MoMo Agent Loans Marketplace, marking one of the most significant developments in Uganda’s digital financial services ecosystem in 2025. The launch aligns with MTN’s “Power To Be More” campaign, reinforcing its mission to empower agents and improve…
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MTN Group chief executive Ralph Mupita has hailed Uganda as the company’s “model operation” and confirmed that it is now MTN’s second-biggest fintech market in Africa, second only to Ghana, and well ahead of Nigeria in meaningful contribution to the Group’s digital-financial services business. Speaking to CEO East Africa Magazine’s Paul Murungi in Johannesburg, South Africa, on the sidelines of the B20 Summit, the official G20 platform for global business engagement, Mupita said Uganda’s macroeconomic stability, regulatory certainty, and forward-looking digital adoption have made the country one of MTN’s most reliable sources of fintech growth. “Uganda in many respects is…
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In this conversation with CEO East Africa Magazine’s Muhereza Kyamutetera, Muwanguzi reflects on 17 years of building Pegasus, the grit it took to win boardroom trust without relying on political connections, and the hard-learned lessons in the business, regulation, and the disruptive future of AI. At the core of Muwanguzi’s philosophy is what he calls safeguarding Ugandanness in technology — a form of techno-nationalism, where nations deliberately prioritise domestic innovation and control of critical technologies to protect jobs, create local value, and secure their economic future. Large investors and foreign capital alone, he argues, will not solve Uganda’s unemployment crisis….
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