MTN launches Uganda’s first phone-based share trading service

KAMPALA: Uganda’s biggest telecoms firm, a unit of South Africa’s MTN Group, has launched the East African country’s first mobile phone-based stocks trading platform, a senior executive said on Tuesday.

MTN Uganda has a subscriber base of about 15 million and also offers mobile financial services.

Users will access the shares trading service, which is offered in partnership with Uganda Securities Exchange (USE), through the financial platform, Stephen Mutana, the head of MTN Mobile Money in Uganda, told a news conference.