Wave Mobile Money Ugandan dream turns sour as losses deepen

Wave Mobile Money laid off about 15% (about 2,000) of its staff in June across different countries. In Uganda, about 300 staff were affected.

Wave Transfer's ambitious Ugandan mobile money venture faces significant setbacks as 2024 financials reveal deepening losses. KAMPALA, Uganda — Wave ...

Japhet Aritho, the Managing Director Airtel Mobile Commerce Uganda Limited (PHOTO/Courtesy)

Airtel Money reports revenue growth amid increased expenses

by WINNIE NAKAMATTE | REPORTER

28/04/2025

Japhet Aritho, the Managing Director Airtel Mobile Commerce Uganda Limited (PHOTO/Courtesy) KAMPALA, Uganda — Airtel Mobile Commerce Uganda Limited (AMCUL), ...

Absa Bank Uganda's Interim Managing Director David Wandera discusses the bank's strong 2024 performance, highlighting a 22% profit growth

Absa Uganda announces double-digit profit growth

by JOSEPH NSIMBI | UG STANDARD REPORTER

15/04/2025

Absa Bank Uganda's Interim Managing Director David Wandera discusses the bank's strong 2024 performance, highlighting a 22% profit growth KAMPALA, ...

MTN Uganda CEO, Sylvia Mulinge at her inaugural press conference that was held at the MTN Uganda Head offices in Kampala

MTN Uganda MoMo transactions reach UGX158.6 Trillion, driving record growth

by JACKSON RUGUNDA | UG STANDARD REPORTER

06/03/2025

Ms. Sylvia Mulinge, MTN Uganda Chief Executive Officer KAMPALA - MTN Uganda's mobile money platform has emerged as a powerhouse ...

Tag: Revenue