Kampala, Uganda | THE INDEPENDENT | Parliament is to pay the Over the Top-OTT Tax and provide monthly data bundles for each legislator. A document seen by our reporter shows that parliament will pay the monthly sh6000 for OTT alias social media tax and sh30,000 for 5GB data bundles for …
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Good innovations but utilization needs to be boosted | IAN KATUSIIME | When one talks about financial inclusion in Uganda, it is always mobile money that comes into their minds first. The mobile money system is now entrenched and is even a substitute for banks. Mobile money has successfully brought …
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Mobile money to the rescue as banking sector remains too shallow to leverage financial inclusion COMMENT | ENOCK NYOREKWA TWINOBURYO | In line with statutory requirements, all banks are supposed to publish their financial statements by the end of April of each year. The published banks’ results for 2017 are …
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Kampala, Uganda | THE INDEPENDENT | The proposed introduction of new taxes on mobile money transactions and social media has met stiff rejection from civil society activists. Government has proposed to introduce a 10 percent final withholding tax on commissions by telecommunication companies to mobile money and airtime agents and Shillings …
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Telecoms protest State House move to monitor business Kampala, Uganda | HAGGAI MATSIKO | A fight is raging between telecom operators on one side, and the Uganda Communications Commissions (UCC), the Uganda Police Force, and State House on the other, over moves to monitor the Shs44 trillion mobile money business. At …
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Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s The Independent. COVER STORY Fight over Shs44 trillion mobile money: Telecoms protest State House move to monitor business. THE LAST WORD The problem with Africa: If our countries remain poor, it’s because its leaders and elites are too …
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MTN strikes deal with NSSF, backs formulation of mobile money law Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) has added the mobile money platform as an option for Ugandans to make their contributions. “We are making saving easier for Ugandans and more convenient on their phones,” said NSSF …
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Kampala,Uganda | THE INDEPENDENT | MTN Uganda has unveiled Mobile Money Month aimed at creating a platform to gather feedback from customers, resolve customer issues, carryout product education and reward customers across various touch points. The MTN Mobile Money service has been in operation for the last eight years and now …
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The latest threat to commercial banking? At the end of November 2016, the Uganda Revenue Authority’s staff Savings and Credit Cooperative (SACCO) held up to Shs12.6 billion on its account as the cumulative savings of its members.That amount is triple the minimum capital requirement to start a Tier II bank …
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Telecommunication giant MTN Uganda this week launches yet another ground-breaking product. The initiative, dubbed MoKash, which is being set up in partnership with Commercial Bank of Africa (CBA), will benefit all registered MTN Mobile Money subscribers who will be able to take small loans in a matter of minutes. What makes …
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