The communications regulator, Uganda Communication Commission's (UCC) annual performance report shows an impressive growth in mobile money subscription and internet subscription for the fourth quarter ended in December 2019.
"The growth in internet subscriptions may be due to increasing mobile data subscriptions, which are largely driven by growth in feature and smart handset penetration," the report indicates.
"Net additions in registered mobile money accounts between December 2018 and December 2019 stood at 2.6 million new accounts," read a part of the report.
However, active mobile money accounts stood at 16.6 million accounts in December 2019, up from 15.6 million in September 2019, representing 6% on quarter growth.
Active mobile money subscriptions refer to, accounts that have conducted at least one billable financial service in three months, in this case, October - December 2019.
