MTN Uganda’s Data and Fintech Expansion Drives Strong Double-Digit Growth
MTN Uganda has reported a robust performance for the first half of 2025, with double-digit growth driven by a sharp rise in data usage and the continued expansion of its fintech services.
The company’s interim results show revenue growth of 14.4% year-on-year, supported by a surge in mobile data demand and increased adoption of its MoMo (Mobile Money) platform. Data revenue rose by 24.6%, boosted by affordable bundles, improved network coverage, and rising smartphone penetration.
Fintech remains a strong growth pillar, with MoMo revenue climbing 18.2% on the back of increased transaction volumes and new digital payment solutions. MTN Uganda also highlighted strong customer additions, ending the period with over 19 million subscribers, up 6.5% from last year.
MTN Uganda CEO Sylvia Mulinge said the results reflect the company’s commitment to advancing digital inclusion and supporting Uganda’s growing digital economy. “Our focus on network investment, customer experience, and innovative digital solutions continues to deliver tangible value to our users and stakeholders,” she noted.
The company plans to sustain its momentum in the second half of the year by expanding 4G coverage, rolling out more fintech products, and enhancing customer services. Analysts say MTN Uganda’s performance mirrors the wider growth of Africa’s mobile and digital finance markets, where demand for affordable data and financial access continues to accelerate.
