On Dec. 19, Richard Yego, Managing Director of MTN Mobile Money Uganda Ltd., spoke to business reporters about the company’s performance in 2025 and its outlook for 2026. During the discussion, Yego provided insights into MTN Mobile Money’s growth, innovations, and ongoing efforts to expand financial inclusion across Uganda. The …
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Once a premium service, instant payments, now worth nearly $2 trillion USD according to a new report, are a financial lifeline for everyday use throughout Africa. The surge is powered by lower transaction costs and rising smartphone use that enables even low-income users to transact in real time. SPECIAL REPORT …
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December is particularly busy, as families prepare for holidays, travel and back-to-school expenses NEWS ANALYSIS | AGENCIES | Africa’s mobile money industry is preparing for its busiest month of the year, with December transactions expected to push 2025’s total beyond the $81bn processed in 2024. But alongside the rise in …
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Dubai, UAE | THE INDEPENDENT | MAM Telecom Ltd, a Kampala-based fintech solving mobile money float shortages, has been accepted into FasterCapital’s prestigious EquityPilot acceleration program. The partnership will support MAM Telecom in raising a $5 million seed round to launch East Africa’s first 24/7 digital float liquidity platform. Uganda’s …
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The rise in digital financial services like mobile wallets, savings apps, and instant loans are opening access to money for millions of African women, helping to narrow long-standing gender gaps and giving women greater financial control and independence. SPECIAL REPORT | BIRD AGENCY | At the crack of dawn on …
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Kampala, Uganda | THE INDEPENDENT | One person has been shot dead and another arrested in a foiled robbery of mobile money agents in Kitintale. Kampala Metropolitan Police Spokesperson Patrick Onyango says that the armed thugs raided mobile money agents Ibrahim Ssebanenya and Rashid Kyeyune in Kitintale trading center, stealing …
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Kampala, Uganda | THE INDEPENDENT | MTN Uganda plans to spin off its mobile money arm, MTN MoMo, into a separate entity, a move that could alter the structure of its business in one of its largest African markets. In a regulatory filing last week, the company said it “intends to …
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Africa’s fintech sector is seeing a surge in deal-making as firms race to dominate the continent’s booming cash transfer and digital payments market, projected to hit US$1.5 trillion by 2030 SPECIAL REPORT | BIRD AGENCY | Fierce competition in Africa’s digital and cross-border payment sector is fuelling a wave of …
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A recent report shows Africa alone accounted for 70% of global mobile money transactions, making it the undisputed global leader in mobile-led financial inclusion. SPECIAL REPORT | BIRD AGENCY | Africa is shifting from cash handling in business to digital finance—an upgrade in the quest for financial inclusion, with mobile …
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East Africa Powers Airtel Africa’s growth with strong performance across voice, data and mobile money Kampala, Uganda | THE INDEPENDENT | Airtel Africa has reported a resilient performance in its East African operations for the financial year ending March 31, 2025, underscoring the region’s strategic role in the company’s overall success. …
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The Independent Uganda: You get the Truth we Pay the Price
