Mobile money operators also highlighted the effect of digital transaction taxes on usage, noting that higher costs are already prompting some consumers to revert to cash Kampala, Uganda | JULIUS BUSINGE | Uganda’s proposed tax measures for the 2026/27 financial year have drawn criticism from civil society groups, …
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Kampala, Uganda | URN | Ugandans using mobile money platforms will continue to contend with the 0.5 percent tax to withdraw cash, a tax that has been blamed for the high cost and low uptake of digital money. The Ministry of Finance, Planning and Economic Development, declined to include the …
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Kampala, Uganda | THE INDEPENDENT | As Uganda’s digital economy gathers pace, MTN Uganda says demand for connectivity and digital financial services continued to drive growth in 2025, underlining the expanding role telecommunications companies now play in the country’s economic life. For the year ended December 31, the telecoms operator reported …
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As Uganda accelerates its cashless ambitions, there is debate about whether it can truly leave cash behind Kampala, Uganda | IAN KATUSIIME | Uganda’s financial ecosystem has made a tremendous shift towards mobile money transactions — led by platforms like MTN Uganda and Airtel Uganda — which now move trillions …
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After years of rapid expansion driven by mobile money, Africa’s digital credit market is entering a regulatory phase. Governments across the continent are formalising loan apps through licensing and conduct standards to curb abuses without stalling access to credit. SPECIAL REPORT | BIRD AGENCY | Regulators are reasserting control over …
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Kampala, Uganda | THE INDEPENDENT | Mobile Money platform operators are demanding for government intervention in the industry’s challenges to ensure that the services are affordable, both to the customers and the companies. Mobile money services are considered more expensive than in other markets in the regions particularly Kenya and …
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Kampala, Uganda | THE INDEPENDENT | Mobile money companies have announced the full restoration of services following nearly a week of restricted access to cash. However, the disruption has raised several questions, including the reasons for the service interruptions during the election period and the regulatory framework governing mobile money. …
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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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The Independent Uganda: You get the Truth we Pay the Price
