Tag Archives: Mobile Money

Kampala, Uganda | Julius Businge | Airtel Africa, a telecommunications and mobile money services provider has announced the signing of an agreement under which The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, will invest US$200million in Airtel Mobile Commerce BV (“AMC BV”), it said on …

Kampala, Uganda |  THE INDEPENDENT |   The banking sector is advising investors and other private sector borrowers to re-think their investments and investment plans because the attractiveness of investments to credit has been highly affected by the COVID-19 pandemic.       The pandemic scared lending institutions away from the private …

The South African telecom firm plans to refocus on Africa and mobile money | THE INDEPENDENT | MTN Group’s new CEO Ralph Mupita is expected to manage by capitalising on technological growth and demographic dividends within Africa to cement its position as the continent’s largest telecom services provider. He comes …

  Kampala, Uganda | Isaac Khisa | Uganda’s mobile money transactions grew by 19.3% to Shs 79.8 trillion for the year ending June.30, according to Michael Atingi-Ego, deputy governor, Bank of Uganda. Atingi, who was speaking during the Uganda Bankers Association retreat at the Kampala Sheraton Hotel on Sept.22, said out …

Kampala, Uganda | XINHUA | The Zimbabwean government on Friday announced the suspension of all monetary transactions on phone-based mobile money platforms as it seeks to deal with the foreign currency black market and perceived economic saboteurs. A statement by government spokesperson Nick Mangwana said the government had taken a …

Kampala, Uganda | THE INDEPENDENT | Mobile money transactions hit the Shillings 7.2 trillion in March 2020 from Shillings 3.4 trillion in 2016. The Finance Minister Matia Kasaija disclosed this while presenting the 2020/2021 financial year budget estimates to parliament. He explained that the Information, Communication and Technology (ICT) sector …

Katakwi, Uganda | THE INDEPENDENT | Beneficiaries of the Social Assistance Grants for Empowerment-SAGE in Katakwi district want the government to reconsider paying them through mobile money platforms. Through the Social Assistance Grants for Empowerment, the government pays senior citizens above 65-years of age a monthly stipend of 25,000 Shillings. …

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of Parliament has approved a bill which seeks to provide for supervision and oversight of mobile money transactions. Currently, Uganda does not have a comprehensive payment system law. As a result, there is limited regulation and oversight of payment systems and …

Kampala, Uganda | THE INDEPENDENT | Lira Catholic Diocese has resolved to collect offertory from Christians through mobile money. The move follows the Presidential directive banning church services alongside other public gatherings which attracts a large crowd. Rt. Rev. Sanctus Lino Wanok, the Ordinary Bishop of the Diocese advised the Christians …

Kampala, Uganda | THE INDEPENDENT | Members of the Finance Committee of Parliament have asked Telecom companies to give MPs special consideration by increasing the daily mobile money transaction limit from the current 7 million to 20 million Shillings. The MPs presented the proposal when managers of MTN, Airtel and Uganda …