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MTN MoMo posts Shs 250.2 bn in net profit

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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Ecobank & Carrefour partner for smart payments & Easter rewards

KAMPALA, UGANDA | THE INDEPENDENT | Ecobank Uganda has teamed up with retail giant Carrefour Uganda, operated by Majid Al Futtaim, to revolutionize the in-store shopping experience by introducing secure, smart payment solutions across all Carrefour outlets in the country. Through this partnership, Ecobank has rolled out advanced Smart Point-of-Sale …

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Stanbic Bank joins coffee promotion in Buganda

KAMPALA, UGANDA | THE INDEPENDENT | Stanbic Bank has teamed up with Buganda Kingdom to promote coffee production in the region. The partnership with the Buganda Cultural and Development Foundation (BUCADEF), under the ‘Mwanyi Terimba’, a coffee promotion initiative, was unveiled after the signing of a Memorandum of Understanding (MoU) …

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Asset financing company launches smartphone loans in Uganda

KAMPALA, UGANDA | THE INDEPENDENT | MOGO Uganda, an asset financing company, has introduced a smartphone loan program in collaboration with Airtel Uganda, making Tecno, Infinix, and itel devices more accessible to a wider range of Ugandans. This move meets the rising need for cost-effective smartphone access, enabling people to …

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Oracle, Eclectics partner to tap into East African businesses

Cloud computing infrastructure, analytics hailed for transforming business processes Kampala, Uganda | IAN KATUSIIME | US-based tech powerhouse Oracle has teamed up with Eclectics International, a leading Kenyan IT firm, to provide innovative technological solutions aimed at driving business efficiency and digital transformation across East Africa and beyond. The partnership was …

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