New Reduced MTN MoMo Sending Rates

MTN MoMo Rates
MTN cuts sending rates

 

  • MTN Mobile Money (MoMo) Limited Uganda has introduced new reduced sending rates across all networks in and outside the country, making sending money through MTN MoMo cheaper, affordable, and simpler.
  • The new MTN MoMo sending rates apply to three simple tiers for amounts being sent ranging from Ugx.1/= to Ugx.5,000,000/= as shown above.
  • MTN MoMo customers can now send money to MTN and other networks both local and international, at a uniform affordable rate ranging from only Ugx.100/= to Ugx.1000/= maximum.
  • The new reduced rates apply to both transactions performed through USSD *165*1# as well as the MTN MoMo App.

 

About MTN MoMo Uganda

MTN MoMo Uganda is a 100% subsidiary of MTN Uganda and the leading Mobile Financial Services provider in Uganda, providing services to more than 9 million customers. MTN MoMo Uganda avails its customers with safe, secure and trusted virtual mobile money wallet services, person-to-person money transfer, utility payments, MoMo Pay, school fees payment, savings and loans and many other financial services using a mobile phone. Download the MTN MoMo app for free from google play or the App store and enjoy MTN MoMo’s best-in-class Mobile Financial Services. At end of Quarter 1 2022, MTN MoMo Uganda had 9.5 million MoMo users and 120,000 Mobile Money agents.

 

For more information, please contact: 

MTN Uganda Press Office: mediadesk.ug@mtn.com

Rhona Arinaitwe: Rhona.Arinaitwe@mtn.com or 0772 123 067

Prisca Baike: prisca.baike@tbwa-uganda.com or 0782 654 083

MTN Foundation Launches Youth Economic Empowerment Initiative dubbed MTN ACE

MTN Uganda’s Corporate Social Responsibility arm, MTN Foundation, has launched a nationwide youth-centred economic empowerment initiative dubbed the MTN ACE.

The MTN ACE initiative was launched in Kampala at the National ICT Innovation hub under the theme “Digital Skills for digital jobs”. This timely campaign comes at a time when many youths are faced with a year-on-year soaring unemployment challenge as highlighted by the most recent (2021) world bank report https://data.worldbank.org/indicator/SL.UEM.1524.ZS?locations=UG. Further studies indicate that 77% of Uganda is under the age of 30 and its population is set to double by 2060. There are not enough jobs available. Youth unemployment is already high and is indicated to rise as the population grows.

It is against this background that MTN Foundation Uganda and its partners have introduced the MTN ACE program aimed at tackling the issue of youth unemployment in supplement of all the other government efforts. The initiative targets a wide base of youths in Uganda including; fresh graduates, those in and out of school, innovators, entrepreneurs well as tech-driven start-ups. This is all aimed at nurturing an all-around workforce with the requisite skills for the 21st-century job market, as well as generating a pool of job creators to alleviate the current unemployment dilemma that the youth in Uganda are currently facing.

MTN ACE initiative brings to the public three MTN Foundation programs which include; the MTN ACE Tech program which focuses on upskilling the youth interested in tech-related innovations under which MTN has also equipped the national ICT hub with state-of-the-art equipment to allow innovators to prototype and incubate their ideas into a feasible business.

The second program under the initiative is the MTN ACE Career program which seeks to empower fresh graduates with workplace skills and internship placement, and lastly is the MTN ACE Skills program which is tailor-made for the youths who are in or out of school to equip them with entrepreneurial skills.

The MTN foundation has earmarked UGX 1.5 billion towards this initiative for the year 2023 in line with their corporate social responsibility agenda aimed at impacting the livelihoods of the communities MTN operates.

The MTN ACE initiative is an invention of the MTN Uganda Foundation, executed in partnership with; the Ministry of ICT & National Guidance, The National ICT Innovation Hub, Centenary Technology Services, Refactory, MUBS Entrepreneurship Innovation, and Incubation Centre, as well as MTN’s Fintech subsidiary, MTN MoMo Uganda Limited.

Speaking at the launch of the multi-billion MTN ACE campaign, Ms. Sylvia Mulinge the MTN Uganda Chief Executive Officer expressed MTN’s commitment towards empowering the youth, especially considering the soaring levels of unemployment in the country.

“This multi-pronged campaign will offer opportunities to a cross-section of the youth of this country and empower them on their various career journeys. They shall be able to get hands-on training for job placements as well as the much-needed digital skills to help them flourish in their various careers as well as innovate ideas that would allow them to start businesses that might even become global. I thank all our partners who have made this vision a reality,” she said, noting that it will require a concerted effort to deal with the unemployment issue in Uganda.

Hon. Joyce Ssebugwawo, the minister of State for Information, Communications and Technology lauded MTN Uganda and its partners for the critical campaign that is crucial to bridging the digital skills gap in the country as it further positions itself for the 4th industrial revolution.

“ICT skills are at the heart of Uganda’s development agenda. We believe that by empowering the youth to harness the digital era, Uganda shall be able to earn its share of the digital dividend in the near future. I urge the youth out there to seize this opportunity,” Ssebugwawo said.

MUBS’ Entrepreneurship expert, Dr. Diana Ntamu also urged the youth to seize this opportunity to improve their odds of finding employment as well as advancing their careers. She particularly lauded the MTN ACE Career Program which shall enable fresh graduates to acquire necessary hands-on skills that shall enable them to find suitable employment upon completion.

Applications for the three programs namely; ACE Tech, ACE Career, and ACE Skills commence today 15th December 2022 and shall close next year on January 13th. Interested youths can submit their applications through https://www.mtn.co.ug/impact/mtn-ace/

Dr. Fredrick Edward Kitoogo, the principal at the Uganda Institute of Information and Communication Technology which hosts the National Innovation Hub, commented MTN Foundation for the new program saying it will immensely benefit the youth.

“Our youth are no less talented than those of foreign countries and can make our country shine globally…let us all work smart so that our country realizes the fruits of our national innovation hub through our innovations, ideas and support that will propel our nation going forward,” he said.

Peter Kahiigi, the Chief Technology Officer of Centenary Technology Services, a subsidiary of Centenary Group said they are proud to partner with MTN Uganda and the Ministry of Information, Communication and Technology in implementing a project of such magnitude.

“We as Centenary Technology Services are honoured to work with MTN Uganda, MTN Foundation and the Ministry of ICT and National Guidance because nearly all the products that are going to be produced can be consumers within our active markets,” he said.

“Centenary brand owns the largest market share in Uganda and it is important to us as Cente Tech to use technology to digitalise lives of the rural people while conserving the environment… We believe that this partnership will help us achieve our aspiration of a digitalised nation.”

MTN Foundation Uganda is committed to empowering the youths by offering opportunities that support the youth to fully realize their potential while contributing positively to their communities, countries as well as the African continent, and beyond.

Details of the MTN ACE Programs

MTN Work Readiness Program (MTN ACE Career)
The initiative provides a three-months soft skills training and internship placement for selected participating fresh graduates. Initially, a total of 100 recent graduates will be shortlisted to participate. Fifty (50) of the shortlisted graduates will be recruited in cohort 1 and another fifty graduates will be recruited in cohort 2. Graduates who successfully go through the program will be placed at MTN Uganda to do internship for a period of three months. Makerere University Business School Innovation, Incubation and Entrepreneurship Centre (MUBS-EIIC) will serve as the training and coaching implementing partner in the program and will also be responsible for conducting research and tracer studies.

Partnership key facts: program period 1 year; focus area – diploma and under graduates; reach – national; impact anticipated – graduates skilled for the job market; ambition – A digitally skilled Human capital

MTN Innovation Program (MTN ACE Tech)
MTN Foundation in partnered with the Ministry of ICT/National ICT innovation hub to implement the MTN Innovation Program through Centenary Technology Services. The partnership focuses on business development and advisory service, capacity building and incubation of innovations.

The hub creates an environment for ICT innovators facing challenges with workspace, limited internet connectivity and searching for creative spaces that spur thinking. MTN Foundation seeks to equip the space and conduct training, coaching and mentorship for startups. The program will target Ugandans with an innovative idea solving real life problems across all sectors, with specific key priority areas of Uganda’s Vision2040 – National Development Priorities i.e., Agriculture, Tourism & Trade, Minerals & Energy, Health, Education, Refugee/Host Communities and the Justice, Law and Order sector.

Partnership key facts: program period 5 years with annual renewals; focus area – youth skilling; reach – national; impact anticipated – youth skilled and jobs created; ambition – Uganda, Africa’s innovation Powerhouse

The program will cost Ugx 1.2 billion where, Ugx903m towards equipment and business advisory services and internet services (50Mbps) Ugx 120m. Total of 80 innovators (developers and startups) will benefit from the program yearly.

MTN Foundation Youth Skilling Program (MTN ACE Skill)
The program is aimed at designing and delivering practical knowledge, skills experience for youth and young adults in preparation for the 4th Industrial Revolution. The mission of the MTN Foundation youth empowerment program is to inspire and empower youth and young adults towards the practical application of innovative ICT solutions to solve their communities’ most pressing challenges.

Partnership key facts: program period 6 months; focus area – youth skilling; reach – national; impact anticipated – youth skilled and startups created.

Target group – The program is targeting a group of 100 beneficiaries of university graduates, SMEs, and Innovators (ideation). The Foundation will invite applications from young innovators in Uganda.

The MTN Skills Academy
The MTN Skills Academy is the flagship program of MTN Group under the Digital Skills for Digital jobs thematic area which was launched on the sidelines of the Mobile World Congress Africa in Kigali, Rwanda on October 25th and is aligned with the African Union’s ‘Digital Transformation Strategy for Africa’ as well as MTN’s Ambition 2025 strategic intent of leading digital solutions for Africa’s progress.

The Skills Academy is an online platform that aims to create solutions that address a lack of opportunities and challenges that currently face the youth, the most vulnerable group on the continent. The MTN Skills Academy provides MTN with a unique opportunity to differentiate itself from its peers by addressing a critical gap of linking digital skills training with placement in digital jobs. This will not only help address the digital skills shortage but will also have knock-on benefits for economic growth on the continent.

The MTN Skills Academy is to be piloted within four (4) OPCOS which include Uganda, Zambia, Ghana and Rwanda ahead of the other MTN markets.

——END——

About MTN Foundation
The MTN Uganda Foundation is a non-profit entity that was inaugurated in July 2007 as a vehicle through which MTN Uganda implements its corporate social investments (CSI). The main objective of the foundation is to improve the quality of life in communities across the country by supporting and implementing sustainable projects in education, health, and other national priorities. The MTN Uganda Foundation is governed by an independent Non-Executive Board of Trustees made up of eminent members of society.
About MTN Uganda
MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the National Telecommunications Operator (NTO) license granted by the Uganda Telecommunications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices and MTN Mobile Money (which is conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. services are delivered through a network of 171,077 Mobile Money agents, 200 service stores and 16 main distributors. For the six months ended June 2022, MTN Uganda had 16.3 million subscribers, 9.8 million MoMo users and 5.7 million active data users. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and
www.twitter.com/mtnug for assistance.
About the MTN Group
Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our customers. We are inspired by our belief that everyone deserves the benefits of a modern connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code ‘MTN’. Our strategy is Ambition 2025: Leading digital solutions for Africa’s progress.
For more information, please contact:
MTN Uganda Press Office: mediadesk.ug@mtn.com
Rhona Arinaitwe: Rhona.Arinaitwe@mtn.com or 0772 123 067
Prisca Baike: prisca.baike@tbwa-uganda.com or 0782 654 083

clinicPesa

clinicPesa is a healthcare financing solution that empowers you to save, borrow and pay for healthcare or purchase drugs/medicine in time of need at any of our partnering healthcare facilities.

clinicPesa also has a maternal health service called clinicPesa MaMa’s.

clinicPesa MaMa’s is a behaviorally driven mobile money maternal health savings account platform that empowers expectant women and couples to access timely savings towards maternity care, purchase of birth preparedness kits (MaMa Kits), upkeep, as well as afford transportation to the healthcare center, hence empowering them to afford safe child delivery.

Our target beneficiaries

Individual users

  • Individuals who are 18 years old and above, owning a registered MTN sim card and are registered on MTN mobile money.
  • Expectant women (ages 18-49), women of reproductive age (18-49) who are planning to become pregnant and men who are pregnant or planning to become pregnant partners (ages 18-49).

Healthcare Facilities

  • Formal and informal healthcare facilities that include hospitals, medical centers, clinics, pharmacies and drug shops that are licensed and regulated by the Uganda Medical Practitioners Council and National Drug Authority established under the relevant national laws under the ministry of health.

To create an individual Account;

  • Dial *165*5#, select clinicPesa and enter your Mobile Money PIN to accept the terms and conditions. This automatically activates your clinicPesa Account.

Alternatively;

  • Download the clinicPesa App on google play store or visit the web, enter your phone number.
  • Accept terms and conditions on your MTN handset with your MTN MoMo PIN.
  • Create a 5-digit clinicPesa PIN you would love to use.

To create a facility Account;

 

NOTE: Always keep your clinicPesa PIN and MoMo PIN a secret.

Cost

  • Activation of a clinicPesa account is completely free of charge.
  • Any transaction between clinicPesa and Mobile Money is free of charge. I.e. Savings, Auto savings, Loan Repayment, Account balance check.
  • Payment of a medical bill to our partnering healthcare facilities is completely free of charge.
  • A transactional fee of 1% is charged to our partnering health facilities on withdrawal.

 

Savings

  • A user can save any amount from as low as UGX 500 cumulatively over time.
  • A user can set AutoSave (set standing order) to allow clinicPesa system save on their behalf.
  • A user earns Interest of up-to 5% annually on their savings.
  • A user will take at-least 12 months to qualify to withdraw savings plus interest accumulated free of charge. Between 6 to 11 months a user qualifies to withdraw funds at transaction fees equivalent to the interest earned over time.

 

Loans

  • This is a loan top up made to clear your medical bills at a very affordable interest rate of 7% and it is paid directly into the clinicPesa partner healthcare facility of your choice.
  • A user can take a loan between UGX 3,000 up to UGX 3,000,000.
  • The user does not incur recurring interest on medical loan but a penalty of 7% is applied for late loan repayment.
  • The clinicPesa loan duration is 30 days. After 30 days a penalty is applied, attempts for loan recovery are applied within your additional 30 days to clear the loan.

FAQs

You can access all the frequently asked questions here

Terms and conditions

You can access the Terms and conditions here

MTN Uganda marks its first anniversary as a publicly listed company

MTN Uganda has today marked its first anniversary as a publicly listed company, trading its shares on the Uganda Securities Exchange (USE).

On 6th December 2021, the company executives and its representatives marked a milestone by ringing the bell on the Uganda Securities Exchange becoming the local stock with the largest market capitalization.

“We are very proud to celebrate our first anniversary as a public listed company on the Uganda Securities Exchange,” said Ms. Sylvia Mulinge, the Chief Executive Officer at MTN Uganda.

“At the beginning of this journey, MTN Uganda committed to drive business growth to return value to all our shareholders.  I am excited to share that we have delivered on our promise in our first year having recorded impressive growth in all the key parameters in the past nine months.”

MTN Uganda’s latest unaudited financial results released recently indicates that it registered a 21% growth in net profit to Shs 292.65 billion for the first nine months to  September 2022, up from Shs 241.9bn recorded last year.

The company’s total revenue grew by 11.6% from Shs 1.5 trillion to  Shs 1.68 trillion riding on data and fintech services as mobile subscribers increased by 9.2% to 16.7 million during the same period under review.

Ms. Mulinge said MTN Uganda has since paid Shs 447.55 billion in dividends and declared another Shs 120.9 billion to be paid to shareholders on the register by 22nd December 2022.

“However, the telecom company is still operating in a volatile operating environment characterised by unfavourable macro and micro conditions and my focus is to ensure that we improve our product and service offering to retain our customers amidst this aggressive environment,” She said. “

She added: “We also need to build financial resilience in this environment so that we can preserve liquidity through efficient supply chains and continue to invest in business growth. We will continue to engage with the industry regulator for more spectrum to be more efficient in the delivery of our services to our customers.”

Investors increase on the bourse

Ms. Mulinge revealed that the company’s decision to unveil the first-ever fully digital IPO that is paperless with all transactions made via the MTN Momo platform has revolutionalised Uganda Securities Exchange.

She said more than 80,700 customers have since opened their  Securities Central Depository (SCD) accounts using the MTN USSD and MoMo App platform, enabling them to apply for shares seamlessly, check for their balances for all listed companies, access mini-statement to monitor transactions and knowing their brokers. “This figure is far higher than the number of SCD accounts that USE had before this innovation,” she added.

MTN Uganda Chairperson Charles Mbire congratulated management, shareholders, customers and the government for the achievements registered since the company listing on the bourse.

MTN Uganda’s listing on the USE saw the MTN Group’s shareholding in the telecom company reduce from 96% to 83.05% in line with the Group’s strategic priority to create shared value, partly through ensuring broad-based ownership in all operating subsidiaries.

This also aligned with the Ugandan Communications Commission’s new licensing requirement for broad-based ownership by Ugandans.

And while the company is one year as a public entity, MTN Uganda founded in 1998, has a proud 24-year heritage of transforming the country’s telecommunication sector.

The company has contributed to the increase in mobile penetration from merely 0.27% to the current penetration of 70%, the equivalent of seven lines for every ten individuals.

It has been the largest taxpayer in Uganda for the last 10 years, having paid Shs 839bn in 2021 alone.

MTN Uganda is also committed to improving the lives of the communities it operates having dedicated 1% of its annual profit after tax to the MTN Foundation since 2007 impacting millions of Ugandan lives.

——END——

About MTN Uganda

MTN Uganda is a leading telecoms company in Uganda with a primary objective of carrying on the business of a national operator of a telecommunications network pursuant to the National Telecommunications Operator (NTO) license granted by the Uganda Telecommunications Commission (UCC). Among our offerings are network services, digital and financial technology services, interconnect and roaming, sale of mobile devices and MTN Mobile Money (which is conducted through subsidiary MTN Mobile Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. services are delivered through a network of over 170,000 Mobile Money agents, 200 service stores and 13 main distributors. For the six months ended June 2022, MTN Uganda had 16.3 million subscribers, 9.8 million MoMo users and 5.7 million active data users. Visit us at www.mtn.co.ug or follow us on www.youtube.com/mtnug and

www.twitter.com/mtnug for assistance.

About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator with a clear vision to lead the delivery of a bold new digital world to our customers. We are inspired by our belief that everyone deserves the benefits of a modern connected life. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code ‘MTN’. Our strategy is Ambition 2025: Leading digital solutions for Africa’s progress.

For more information, please contact: 

MTN Uganda Press Office: mediadesk.ug@mtn.com

Rhona Arinaitwe: Rhona.Arinaitwe@mtn.com or 0772 123 067

Prisca Baike: prisca.baike@tbwa-uganda.com or 0782 654 083

 

MTN Uganda is committed to adopting sustainable business practices.

By Sylvia Mulinge – MTN Uganda Chief Executive Officer

Last week, I had the opportunity of visiting one of our hybrid network sites located in Luweero district approximately 60km out of Kampala. This site, which early next year shall be converted to a 100% low carbon emission site, currently employs 40 solar panels to serve a rural population of over 22,000 people in areas of Nakigonza and Tongo in Zirobwe subcounty.

MTN Uganda CEO
L-R: ATC staff, MTN Uganda CTIO, MTN Uganda CEO

At MTN Uganda, we are strong proponents of protecting the environment we operate in. We recognize the adverse effects of climate change on the communities we operate in and in turn the business we operate. We are therefore committed to doing our part to minimize emission of greenhouse gases arising from our operational activities. In line with this, all our infrastructure and operations now have environmental sustainability at the core aligning ourselves to the UN Sustainable Development Goals 7 (affordable and clean energy) and 13 – climate action.

While the impact of climate change may seem farfetched for many Ugandans, the country is already experiencing the effects as evidenced by the prolonged droughts, landslides, floods, and changes in weather seasons. These disasters are threatening health, food and water security while curtailing social-economic development.

In September 2022, mudslides in Rukooki, Kasese District in Western Uganda led to the loss of lives of no less than15 people, destroying homes and property. And just two months earlier in July, 24 lives perished in floods in Mbale District including a group of friends and family on their way to a traditional wedding ceremony.  Similar disasters have occurred in various parts of the country leading to loss of lives and livelihood. It is imperative that action be taken by all, however small, to turn the tide.

MTN has embarked on its journey to turn the tide through Project Zero, in alignment with the Paris Climate Agreement to limit global temperature rise to 1.5°C. Launched in 2021, Project Zero is leveraging the latest technologies and service partnerships to deliver greater energy efficiency, lower carbon emissions, reduce risks and improve cost controls. We are transitioning to a low-carbon economy and adopting cleaner energy technologies that include integrating hydro electric energy, solar and lithium-ion battery storage. Where sites are running more than 7hours on diesel generators, we are actively migrating them to hydro power grid to minimize the run hours. Where the installation space permits, sites are being converted to100% solar powered sites with 60 solar panels or more while for locations where installation space remains a challenge 87% of these run a hybrid solution of solar and hydro power grid.  We have also deployed energy saving solutions that power down the sites during off peak hours and migrated almost 100% of our sites to outdoor solutions that do not require high powered air conditioning which collectively lowers energy consumption. All these solutions are lowering our emission of greenhouse gases into the atmosphere and are bringing us closer to our 2040 goal of Net Zero carbon emission.

 

100% low carbon emission site
The site, which early next year shall be converted to a 100% low carbon emission site

Furthermore, at all the MTN Uganda office premises a number of interventions have been made: Compact Fluorescent Lamp (CFL) bulbs have been replaced with LEDs to minimize power consumption and carbon dioxide emission into the atmosphere, staff have embraced the recycle, reduce, and reuse mentality for waste management. For instance, in October 2022, one tonne of used paper generated from our operations was recycled at Global Paper Industries located in Mbalala in Mukono District and all our kitchen waste is sorted into recyclable, biodegradable, and non-recyclable which minimizes the environmental pollution.

The company also operates in a paperless environment where all documents are signed digitally. This is intended to minimize paper usage which in turn conserves trees that are crucial in the absorption of carbon dioxide from the atmosphere hence combating climate change.

All these interventions are to enable the benefits of a modern connected life for all Ugandans sustainably. We are implementing the eco-responsibility strategy which emphasizes commitment to protecting the planet by achieving net zero emissions by 2040.  MTN Uganda’s target is to reduce Green House Emissions from 11,882 tonnes of carbon dioxide equivalent (tCOe2) which was the baseline in 2021 to 5941 tCOe2 by 2030 and to 0 tCOe2 by 2040 for scopes 1, 2, and 3 where Scope 1 covers direct emissions from owned or controlled sources, scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company and Scope 3 includes all other indirect emissions in a company’s value chain.

As an eco-responsible company, MTN Uganda recognizes the importance of conservation of our environment and the need to urgently adopt measures that limit environmental degradation. It is for this reason that we have mainstreamed eco-responsibility as a key priority in our ESG commitments so we can create shared value in the communities we operate in.