Kampala — April 22, 2025 | MTN Mobile Money Uganda Ltd., a unit of MTN Group, has partnered with Sanlam Investments East Africa to launch Yinvesta, a low-barrier unit trust product aimed at broadening access to investment opportunities for everyday Ugandans.
The product, unveiled on Friday at MTN Uganda’s headquarters in Kampala, enables individuals to invest as little as 1,000 Ugandan shillings ($0.26) via mobile money. Customers can earn daily interest, make withdrawals, and monitor their accounts through MTN MoMo channels.
Yinvesta pools funds from individual investors into a professionally managed portfolio under the regulation of the Capital Markets Authority, in line with Uganda’s Collective Investment Schemes Act of 2003.
Jemima Kariuki, Chief Product Officer at MTN MoMo, said the service was designed to address barriers to financial inclusion.
“At MTN MoMo, we believe that financial empowerment should be accessible to everyone,” she said. “Yinvesta simplifies investing, making it possible for Ugandans to grow their wealth effortlessly.”
Jonathan Stichbury, CEO of Sanlam Investments East Africa, said the platform would help increase financial participation amid changing economic conditions.
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“Technology has transformed business operations and the investment industry is no exception,” Stichbury said. “This user-friendly mobile phone platform empowers individuals to start investing with as little as UGX 1,000. As Yinvesta offers daily interest on earnings but also enables instant withdrawals, making investing both simple and flexible for everyone.”
The product also allows for recurring contributions via standing orders through MTN MoMo, at no extra cost, with interest accruing within 24 hours and reflected in users’ accounts after three days.
No fees will be charged on the MTN MoMo wallet for using the service, the company said.
The launch included a product demonstration, a panel on financial literacy, and discussions with industry experts on investment access and digital inclusion.
