Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s fintech arm, MTN Mobile Money Uganda Ltd has recorded a 23% increase in net profit to Shs 250.2 bn for the year ended 31 December 2024, underscoring the growing centrality of digital payments to Uganda’s economy. Revenue climbed 25.2% to Shs 981.9 bn …
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Kampala, Uganda | THE INDEPENDENT | Pay TV provider MultiChoice Uganda has partnered with MTN Uganda to enable customers to pay for Showmax subscriptions using MTN Mobile Money (MOMO), enhancing convenience and accessibility. The revamped Showmax 2.0 platform, developed through a collaboration between Comcast’s NBC Universal and Sky, features a vast …
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The interest payout to customers is calculated based on each customer’s daily average mobile money balance for three months Kampala, Uganda | THE INDEPENDENT | MTN Mobile Money Uganda Ltd has paid Shs20.7bn to the customers for the past three quarters since the company started paying interest on customers’ mobile money …
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Kampala, Uganda | ISAAC KHISA | A little more than five years ago, Small and Medium Enterprises had limited options to receive payments from customers and businesses. They relied on cash and sometimes on cheques or bank transfers, methods that were deemed inconvenient. But this has since changed, thanks to the …
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MTN MoMo Uganda has concluded its maiden interest payment to customers who had a minimum of Shs1 and above for the second quarter of 2022. Richard Yego, the company’s managing director shares some insights about the implications of the interest payout and the industry going forward. What do these MTN …
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The quarterly payments will encourage savings among users, executives say | THE INDEPENDENT | Uganda’s biggest telecoms – MTN and Airtel – have paid a combined interest to customers with outstanding balances of Shs1 and above for the second quarter of this year Shs 9.1bn. MTN Uganda paid Shs5.7billion to …
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The telecom firm plans to raise US$1.2bn in IPO Kampala, Uganda | ISAAC KHISA | Uganda’s biggest telecom, MTN Uganda, is set to reveal its new growth plans and opportunities on Oct. 11 when it publishes its indicative price range ahead of the expected US$1.2billion initial public offering (IPO). MTN …
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What the company plans for years to come Kampala, Uganda | JULIUS BUSINGE | MTN Uganda recorded 9.5% surge in revenue to Shs1.98 trillion in 2020 amidst the effects of COVID-19, citing a sharp growth in customer subscribers. The company’s subscriber numbers increased by 12.3% to 14.2 million, up …
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The telco is said to have agreed to pay $100-million for the renewal of its operating licence Kampala, Uganda | ISAAC KHISA | A double digit growth in data and mobile money services helped MTN Uganda to record a 12.5% growth in revenue to Shs1.4trillion last year compared with 2018. …
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Top managers are still engaging the government on its licence renewal Kampala, Uganda | ISAAC KHISA | MTN Uganda has recorded a 30.5% growth in revenue to Shs765.32bn for the first six months ending June.30 owed to the increase in demand for data and fin-tech services, according to its latest …
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The Independent Uganda: You get the Truth we Pay the Price
