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Tag Archives: mtn

NSSF earns Shs31.5 bn dividend from MTN Uganda

Kampala, Uganda | JULIUS BUSGINGE  | The National Social Security Fund has earned a total of Shs31.5billion as dividends for the year ended December 31, 2022, from its investment in MTN Uganda. NSSF Uganda, East Africa’s largest national savings fund by value, invested Shs360 billion in December 2021 to acquire …

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MTN fights mobile money tax, pays UGX123bn in dividends

Kampala, Uganda | THE INDEPENDENT | MTN Uganda Group has called for a review of the taxation policy for digital money transitions, specifically the levy on the withdrawal of cash at mobile money agents. In 2018, the government introduced four levies on digital services including mobile money transactions, causing a public …

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MTN MoMo interest payout reaches Shs20.7bn

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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MTN MoMo Payment boosts SMEs

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 Uganda unveils ICT lab at Kabale Preparatory School

Kabale, Uganda | THE INDEPENDENT | Kabale Preparatory School in Kabale District has benefited from a fully equipped computer lab as part of the MTN Uganda Foundation’s efforts to boost information and communication technologies in schools and communities. The facility comes with 10 computers, a 24-hour power backup and one-year free …

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