MTN Uganda has secured a major reprieve in its tax dispute with the Uganda Revenue Authority (URA), after the Tax Appeals Tribunal ruled that the company may not be required to immediately pay part of a contested Shs169.9 billion tax bill linked to mobile money transactions.The dispute ste
Uganda’s mobile money tax policy is threatening to reverse years of digital financial inclusion by driving low-income users back to cash. With 43 million accounts processing 326.3 trillion shillings annually, experts warn that excise duties on withdrawals and service fees are making digital pay
KAMPALA, Uganda — Tecno Mobile introduced its latest smartphone lineup, the Camon 50 Series, to the Ugandan market on Tuesday, featuring a suite of camera upgrades and a durable glass design intended to capture a larger share of the country’s mid-range mobile sector.The new series, whi
Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans exploited loopholes by switching networks or SIM cards, making it difficult for lenders to recover funds. Under the previous s
MTN Mobile Money Limited, in collaboration with Letshego Uganda and dfcu Bank, has unveiled two innovative loan products aimed at providing mobile money agents with instant working capital.The dfcu Bank Weekend Agent Loan and the Letshego Agent Float Loan expand the MoMo Agent Loans Market
The four-day music and culture spectacle will run through to Sunday, 23rd November, promising thousands of attendees an elevated experience.The 10th edition of the Nyege Nyege Festival kicks off today, Thursday at Adrift Uganda, on Kalagala Falls.The four-day music and culture spect
MTN Mobile Money (U) Ltd (MTN MoMo) and partners have launched a nationwide cybersecurity awareness campaign under the theme “Securing the Future: The Rise of AI” to educate customers on safe digital practices amid rising cyber threats.Speaking at a p
Uganda lost to Algeria 0-3The opening weekend of the CHAN-2024 tournament has been thrown into a scandal after revelations that ticket scalpers manipulated the official sales syste leaving hundreds of football fans stranded outside Namboole Stadium as Uga
Smugglers are becoming increasingly inventive, now using company-branded vehicles to disguise their illegal activities, the Uganda Revenue Authority (URA) has revealed.In a recent operation, URA’s enforcement team in Malaba intercepted an MTN MoMo-branded Probox vehicle, registration num
MTN Uganda plans to spin off its mobile money arm, MTN MoMo, into a separate entity, a move that could alter the structure of its business in one of its largest African markets.In a regulatory filing last week, the company said it “intends to implement a proposed
