Money News - In Brief

Mergers, Acquisitions and Financial Results

- MTN Uganda has been taken to court over its mobile money offers, as the service is unregulated. A local businesswoman Kimberly Kasana and MP Abdu Katuntu have filed the case, looking for the court to rule that MTN’s mobile money service is a de facto financial institution and order the cellco to refund all money made from related promotions.