MTN MoMo Uganda Acting CEO reiterates importance of women’s financial empowerment

By:  Kanto Kai Okanta

MTN MoMo Uganda has reiterated the importance of women’s financial empowerment in driving economic growth during an event organized by the French Chamber of Commerce Uganda (FCCU) in Kampala.

The event, held at the Sheraton Hotel Kampala, brought together business leaders and professionals for a discussion under the theme “Women at the Helm: Driving Uganda’s Economic Transformation.”

Speaking during the session, the Acting Chief Executive Officer of MTN MoMo Uganda, Sarah Bateta Okwi, emphasized that financial inclusion and the deliberate empowerment of women are key to building resilient economies. Drawing from her leadership experience and her role as Chief Financial Officer at the fintech firm, she noted that empowering women financially creates a ripple effect that benefits families, communities, and national economies.

She explained that when women have access to financial tools and resources, households become more secure and communities are strengthened, ultimately contributing to broader economic development.

According to Okwi, the company’s financial services ecosystem reflects this belief, with a significant number of its mobile money agents across the country being women who run successful businesses that support their households and local economies.

She also highlighted the role of digital financial services in expanding opportunities for women, noting that products such as mobile-based insurance, savings, investment options, and credit facilities that do not require traditional collateral are helping more women participate in economic activities.

These initiatives, she said, align with MTN MoMo’s ambition to build Africa’s largest fintech platform and support customers in moving beyond basic financial inclusion towards wealth creation.

Okwi further noted that women in leadership positions play a critical role in shaping inclusive growth by creating opportunities for other women across the value chain and inspiring the next generation of leaders.