Phrase Lubega assumes leadership of MTN MoMo Uganda as company begins new growth phase

Date: 2026-08-06
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By:   Nana Appiah Acquaye

MTN MoMo Uganda has officially welcomed Phrase Lubega as its new Managing Director, with stakeholders gathering at an event in Kampala to mark the leadership transition and reaffirm the company’s commitment to advancing digital financial services in Uganda.

The event brought together regulators, financial institution leaders, partners, aggregators, customers, and members of the MTN family to recognise the transition and reflect on the growth of MTN MoMo as a key player in Uganda’s financial technology ecosystem.

Speaking at the occasion, Mulinge Sylvia M.B.S, Board Chairperson and CEO of MTN Uganda, said the leadership transition represents both an opportunity to recognise the journey of the business and strengthen commitment to its future direction.

She highlighted the role of MTN MoMo in empowering individuals, supporting businesses, promoting financial inclusion, and contributing to Uganda’s digital economy.

MTN Uganda Board Chairman Charles Mbire, speaking on behalf of the board and shareholders, reflected on the company’s evolution from a telecommunications provider connecting people to a digital services organisation creating new economic opportunities through financial technology.

He described MTN MoMo as one of Uganda’s most impactful fintech platforms and expressed confidence in Lubega’s ability to lead the business into its next phase of growth.

Lubega thanked stakeholders for their support and acknowledged the contributions of regulators, partners, customers, employees, and the wider ecosystem in building MTN MoMo’s success.

He said his leadership approach would focus on collaboration and strengthening partnerships to expand access to secure, affordable, and convenient digital financial services across Uganda.

 

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