MTN Uganda Shareholders Approve Mobile Money Separation

MTN Uganda Shareholders Approve Mobile Money Separation

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/mtn-uganda-shareholders-approve-mobile-money-separation/MTN Uganda shareholders overwhelmingly endorsed the structural separation of its mobile money division, with 99.9% voting to establish MTN Mobile Money (U) Limited as a standalone entity. The move aligns with parent group MTN’s “Ambition 2025” strategy to expand digital financial services across …

Charles Mbire’s MTN Uganda unveils fintech spin-off

Key PointsMTN Uganda to carve out mobile money business into an independent fintech unit under Bank of Uganda’s regulatory oversight.Spin-off positions the fintech arm for a future IPO on the Uganda Securities Exchange, targeting retail and institutional investors.With 32 million users and $7.1 billion in transactions, the new firm aims to lead East Africa’s fast-growing digital finance sector.MTN Uganda, the Kampala-based telecom operator partl…