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Tag Archives: agents

MTN MoMo mulls plan to fund agents, merchants

The company’s agents have declined by 5.5% to 162,000 as it continued to execute its agent rationalisation strategy geared towards sustainable growth Kampala, Uganda | PATRICIA AKANKWATSA | MTN Uganda’s subsidiary, MTN Mobile Money Uganda Ltd, plans to partner with financial institutions to extend credit to MTN Mobile agents and merchants …

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MTN fights mobile money tax, pays UGX123bn in dividends

Kampala, Uganda | THE INDEPENDENT | MTN Uganda Group has called for a review of the taxation policy for digital money transitions, specifically the levy on the withdrawal of cash at mobile money agents. In 2018, the government introduced four levies on digital services including mobile money transactions, causing a public …

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UIA launches Insurance agents awards 2023 edition

Kampala, Uganda | THE INDEPENDENT | Uganda Insurers Association (UIA), the umbrella organization for all insurance companies in Uganda, has unveiled the Annual Insurance Agents Awards. The awards to be held under the theme Celebrating the role of an agent in the insurance cycle, will take place at Hotel Africana on …

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Banks seek to boost agents’ security

Kampala, Uganda | THE INDEPENDENT | Commercial banks in Uganda are looking into how they can beef up the security of their agents due to the risk exposed to them for holding cash. This comes after an incident on 30 June 2019 in Nansana where three guards attached to Tiger …

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Afreximbank seeks to recruit 700 banks as agents

Kampala, Uganda | ISAAC KHISA | Cairo-based African Export-Import Bank (Afreximbank) is seeking to recruit at least 700 commercial banks as agents across the continent to extend financial services to Small and Medium Enterprises (SMEs). Amr Kamel, the Bank’s Executive Vice President, Business Development and Corporate Banking, said the multi-lateral lender …

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