Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has hailed the innovative mobile and online lending products introduced by financial institutions, noting their significant contribution to financial deepening and inclusion. This innovation began in 2016 when NCBA Bank—then operating as Commercial Bank of Africa—partnered with MTN Uganda to launch …
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KAMPALA, UGANDA | THE INDEPENDENT | NCBA Bank Uganda’s customer base has surged to 14 million, largely driven by users of its mobile lending and saving platform, MoKash. According to management, MoKash was a key contributor to the bank’s strong financial performance in 2024, helping push revenues and profits up by …
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The partnership will enable customers borrow mobile loans for as low as Shs300 and earn interest on savings for as high 9%, respectively Kampala, Uganda | ISAAC KHISA | Telecom operator, Airtel Uganda, has appointed KCB Uganda as a trust account holder for its mobile financial services Airtel Money in …
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Good innovations but utilization needs to be boosted | IAN KATUSIIME | When one talks about financial inclusion in Uganda, it is always mobile money that comes into their minds first. The mobile money system is now entrenched and is even a substitute for banks. Mobile money has successfully brought …
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Experts say the interest rates are very high Kampala, Uganda |Isaac Khisa| Micro-credit is fast becoming a darling to millions of Uganda’s population following the rollout of new credit windows between financial institutions and telecom firms. But financial experts are worried that the new products may not create as much …
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It’s coming to year since Wim Vanhelleputte became Chief Executive Officer of MTN Uganda. He spoke to The Independent’s Julius Businge about his experience so far and his plans for MTN operations. What has been your experience so far since you were appointed to head MTN Uganda? The experience has …
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By: Andrew S. Kaggwa Financial technology experts from 40 African countries are converging this month in, Lagos, the commercial city of Nigeria, to share their innovations, rethink their current models and gain valuable market insight of the African digital financial services market. Stone Atwine, the Ugandan CEO and founder of …
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