MTN Uganda’s data, fintech surge drive strong growth

The company said its first-half results indicate strong momentum in key commercial and financial metrics.

MTN Uganda will work with MTN MoMo and the Uganda Hotel Owners’ Association to drive the adoption of digital services in the tourism and hospitality sectors.

MTN Uganda has won shareholder approval to spin off its booming MoMo business, with plans to list in on the Uganda Securities Exchange.

With over 15 years of experience in telecom and consumer marketing, Sylvia Elsheikh has been named CMO of MTN Uganda.

MTN MoMo subscribers may now insure themselves and up to six family members using their phones, starting at UGX 500 ($0.14) per month.

The telco's restructuring plans are in line with the Group's Ambition 2025 strategy, which seeks to unlock value, attract new investors, and ensure regulatory compliance by establishing independent fintech firms in Uganda, Ghana, and Nigeria.

The process relies heavily on a digital form called Kobo Toolbox.  It collects all feedback in one place, ensuring that it is processed consistently.

The telco and government are working to push forward the National Digital Transformation Roadmap.

Uganda says it will have access to the internet for all, with the goal of transforming people's lives and the economy.

Telecom infrastructure has been increasingly targeted, with thieves stealing cables, lithium-ion batteries, and generators, disrupting communication services.

Uganda's two largest telcos contributed more than $23 million to the universal access fund, bolstering efforts to expand broadband services to remote areas.

The telco handed over $13.3m, its largest yearly contribution to date, to the Universal Service and Access Fund.