Search

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
  • 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.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Photo by Focus Graphite
Uganda graphite advances. Will NASA testing unlock sales?
Read More »
Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »
Street vendor selling goods in traffic in Ghana. Photo by Carbell Sarfo @Pexels
Ghana’s treasury bill bids plunge 40%. Is demand fading?
Read More »

Recent Politics

Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »
Fuel tanker truck navigating city roads. Photo @ Pexels
Can West Africa afford its rising fuel subsidies?
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
Read More »

Latest Posts

Latest news insights