MTN Uganda Shareholders Approve Fintech Spin-Off
MTN Uganda has received the green light from its shareholders to separate its financial technology (fintech) operations, forming a new entity known as MTN Mobile Money Uganda Limited. This crucial decision, approved at a general meeting on July 22, 2025, signifies a pivotal advancement in MTN’s strategy to diversify its revenue streams within the Ugandan market and beyond. This follows similar actions taken by the MTN Group in other key African markets.
Strategic Alignment and Regulatory Compliance
This move reflects the broader strategy of the MTN Group to extract maximum value from its fintech ventures across Africa. MTN has previously spun off its fintech businesses in both Nigeria and Ghana, setting up independent structures for improved operational efficiency and financial transparency. In Uganda, the spin-off of MTN Mobile Money Uganda Limited, initially unveiled in January 2025, had been pending shareholder and regulatory approvals. The process is also in alignment with the National Payment Systems Act 2020, which requires the segregation of mobile money services from core telecom offerings. Significantly, MTN MoMo Uganda has already obtained the necessary license from the Bank of Uganda, indicating readiness for independent operations.
Keywords
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