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🇺🇬 Uganda /Economy & Trade

MTN Mobile Money Uganda Appoints Phrase Lubega as Managing Director

From AllAfrica Uganda · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • Phrase Lubega has been appointed the new Managing Director of MTN Mobile Money (U) Limited, pending regulatory approval.
  • Lubega brings over 30 years of experience in telecommunications, IT, and financial services, with a proven track record in driving growth and innovation within the MTN Group.
  • His appointment aims to accelerate financial inclusion and digital innovation in Uganda, building on his previous success in scaling mobile financial services across diverse markets.

MTN Mobile Money (U) Limited has appointed Phrase Lubega as its new Managing Director, a move the company states reinforces its commitment to financial inclusion and digital innovation in Uganda. The appointment is subject to approval by the Bank of Uganda.

We are delighted to appoint Phrase Lubega as Managing Director of MTN Mobile Money (U) Limited. Phrase brings deep market expertise, strong execution capability and a proven track record of scaling mobile financial services across diverse markets. His leadership will be instrumental as we strengthen our position in Uganda and continue to expand access to inclusive, secure and innovative digital financial solutions that empower individuals and businesses.

— Serigne DioumMTN Group Chief Executive Officer: MTN Group Fintech, commenting on the appointment.

Lubega, a Ugandan national, brings over three decades of experience in telecommunications, information technology, and financial services. His career within the MTN Group includes significant roles such as Interim Managing Director of MoMo Payment Service Bank in Nigeria and Group Executive for Fintech Commercial Operations. In these positions, he was credited with driving revenue growth, improving operational efficiencies, and launching new products.

Serigne Dioum, Group Chief Executive Officer of MTN Group Fintech, expressed delight at the appointment, highlighting Lubega's deep market expertise and proven ability to scale mobile financial services. Dioum stated that Lubega's leadership will be crucial in strengthening MTN's position in Uganda and expanding access to digital financial solutions.

On behalf of the Board, we are pleased to appoint Phrase Lubega to lead MTN Mobile Money Uganda into its next phase of growth. His deep understanding of the business, strong governance experience and proven leadership across the MTN footprint position him well to drive sustainable value for all stakeholders. We also extend our sincere appreciation to Sarah Bateta Okwi for her steady leadership during the interim period.

— Sylvia MulingeChairperson of the Board of Directors, MTN Mobile Money (U) Limited, on the appointment.

Sylvia Mulinge, Chairperson of the Board of Directors, also welcomed Lubega, emphasizing his understanding of the business and governance experience. She also thanked Sarah Bateta Okwi for her interim leadership. Lubega himself expressed honor at leading MTN Mobile Money Uganda during an exciting period for digital financial services, stating his intention to expand access to financial solutions and enhance customer experience.

It is an honour to lead MTN Mobile Money Uganda at such an exciting time in the evolution of digital financial services. I look forward to working with the talented team and our stakeholders to expand access to financial solutions, enhance customer experience, and continue driving the growth of Uganda's digital economy.

— Phrase LubegaCommenting on his appointment as the new Managing Director.
DistantNews Editorial

Originally published by AllAfrica Uganda in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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