MTN MoMo, Sanlam Investments Launch an Investment Product, Yinvesta

MTN Mobile Money (U) Limited (MTN MoMo) in partnership with Sanlam Investments East Africa Limited has launched a revolutionary unit trust investment product, Yinvesta, designed to make investing easy, accessible, and flexible to Ugandans.

Licensed by the Capital Markets Authority of Uganda under the Collective Investments Schemes Act of 2003, Yinvesta allows customers to start investing with as little as UGX1,000, offering daily interest earnings, easy withdrawals, and full transparency through MTN MoMo channels. This initiative reinforces MTN MoMo’s commitment to providing innovative financial solutions that empower Ugandans to take control of their financial future.

Speaking at the launch held at MTN Uganda headquarters, Ms. Jemima Kariuki, Chief Product Officer at MTN Mobile Money (U) Limited, emphasized the significance of Yinvesta in democratizing investment opportunities. “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. With just UGX1,000, anyone can start their journey toward financial independence.”

Yinvesta operates as a unit trust, pooling investments from multiple individuals into a professionally managed fund, ensuring stability, reduced risk, and offering a competitive return to the investors.

In his remarks, Jonathan Stichbury, Chief Executive Officer at Sanlam Investments East Africa Limited, said that, much as technology has revolutionized business operations, the investment industry is no exception to this transformative shift. He was excited about the potential of the partnership, noting that it will have a profound impact on the financial landscape of Uganda.

How to invest with Yinvesta — you need to create your investment account, and here’s how to:

1. Dial *165*7*1#.
2. Select option 1 (Yinesta).
3. Enter your PIN and select 1.
4. Agree to the terms and conditions by pressing 00 (next) >> then enter 1 to confirm. The process will be successful, and you can begin to invest.

Once the account has been successfully created;

1. Follow the same procedures from above (steps 1 to 3).
2. Select 1.
3. Select to invest for yourself or auto-save.
4. Input the money you want to start saving and proceed.