Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

MTN Mobile Money lending surges in Uganda as digital credit booms

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash

Esther Mubiru

Esther Mubiru is a Ugandan based journalist with decades of experience in news reporting.
  • Borrowers more than double to over eight million in 2025
  • Loan values jump to nearly 2.5 trillion shillings

 

KAMPALA, UGANDA — MTN Mobile Money recorded sharp growth in mobile lending in 2025, with borrowers and loan values surging as its MoMo Advance product gained traction, company executives in Uganda said.

The number of unique borrowers more than doubled to over eight million in the year ended December 2025, up from 3.5 million in 2024, according to MTN Mobile Money.

Sign Up To Our Free Newsletter

Recent Business

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
MTN Mobile Money lending surges in Uganda as digital credit booms
02/02/2026
1 hour ago
Esther Mubiru
Read More »
Bond trading. @ Unsplash
Namibia bond demand eases but treasury bills remain oversubscribed
02/02/2026
3 hours ago
Vitalio Angula
Read More »
Beer in glass. Photo by Josh Olalde @ Unsplash
EABL lifts interim dividend 60% ahead of $2.3bn Diageo exit to Asahi
02/02/2026
5 hours ago
Herald Aloo
Read More »
Custom Research

Recent Politics

Ghana ex-vice president Mahamudu Bawumia to lead opposition NPP in 2028 polls. Photo: Bawumia/Facebook page
Ghana opposition NPP re-elects Bawumia as flagbearer ahead of 2028 polls
31/01/2026
1 day ago
Kent Mensah
Read More »
Raila Odinga was seen as the father of democracy in Kenya. Photo @ Raila Odinga/Facebook
Raila Odinga’s death exposes deep family rift inside Kenya’s opposition ODM
27/01/2026
6 days ago
Wanderi Kamau
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Uganda’s disputed election under Museveni deepens East Africa concerns
22/01/2026
1 week ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Read More »
MTN Mobile Money lending surges in Uganda as digital credit booms
Bond trading. @ Unsplash
Read More »
Namibia bond demand eases but treasury bills remain oversubscribed
Beer in glass. Photo by Josh Olalde @ Unsplash
Read More »
EABL lifts interim dividend 60% ahead of $2.3bn Diageo exit to Asahi
A copper mine. Photo by Alexander Waturandang @ Pixabay
Read More »
Zambia’s copper output jumps 8% in 2025
Bond trading. @ Unsplash
Read More »
Namibia bond demand eases but treasury bills remain oversubscribed
Beer in glass. Photo by Josh Olalde @ Unsplash
Read More »
EABL lifts interim dividend 60% ahead of $2.3bn Diageo exit to Asahi
A copper mine. Photo by Alexander Waturandang @ Pixabay
Read More »
Zambia’s copper output jumps 8% in 2025
Street market in Kaduna, Nigeria. Photo @Pexels
Read More »
Nigeria’s naira hits strongest level since 2024 as reserves surge
Beer in glass. Photo by Josh Olalde @ Unsplash
Read More »
EABL lifts interim dividend 60% ahead of $2.3bn Diageo exit to Asahi
A copper mine. Photo by Alexander Waturandang @ Pixabay
Read More »
Zambia’s copper output jumps 8% in 2025
Street market in Kaduna, Nigeria. Photo @Pexels
Read More »
Nigeria’s naira hits strongest level since 2024 as reserves surge
Ghana ex-vice president Mahamudu Bawumia to lead opposition NPP in 2028 polls. Photo: Bawumia/Facebook page
Read More »
Ghana opposition NPP re-elects Bawumia as flagbearer ahead of 2028 polls