Ugandan judge declares mobile money services ‘illegal’

1 Jun 2015

A judge at Kampala’s Commercial Court has ruled that the country’s mobile money services are being conducted on an illegal basis, although he said that he had no jurisdiction to enforce any changes to the current system. According to a report from local newspaper New Vision, Bugweri County MP Abdu Katuntu filed a petition calling for mobile money services to be regulated under the Financial Institutions Act. Justice Christopher Madrama ruled that telcos MTN, Warid, Uganda Telecom Ltd (UTL), Airtel and Africell are operating outside the remit of their licences by offering financial services, but he dismissed Katuntu’s case, saying that the matter would have to be raised via a tribunal at the Uganda Communications Commission.