Jinja, Uganda | THE INDEPENDENT | For schools, collecting fees can mean long queues on reporting days, large amounts of cash to manage and hours spent reconciling payments. But as more institutions embrace digital payments, platforms such as MoMo School Pay are helping schools make fee collection faster, …
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Kampala, Uganda | URN | For many parents, school fees are not simply another household bill. They are a responsibility that returns every term, often competing with rent, food, transport, medical expenses and other family needs. And with the third term already underway, some parents are still working to clear outstanding …
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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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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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The Independent Uganda: You get the Truth we Pay the Price
