MTN Uganda to Spin Off Fintech Unit Into Separate Firm

MTN Uganda to spin off fintech unit into separate firm

MTN Uganda, the East African country's largest telecom firm, plans to split off its fintech unit into a separate entity and aims to list it on the local bourse in three to five years, the company said late on Tuesday.

MTN Mobile Money separates from parent company

MTN Group shareholders have approved the structural separation of MTN Mobile Money (U) Limited from the core telecommunications business. The decision passed with an overwhelming 99.9% approval rate at an Extraordinary General Meeting (EGM) on Tuesday, July 22. It marks MTN Uganda as the first among MTN's listed subsidiaries to secure such shareholder consent for the unbundling of its fintech operations.  The strategic intent behind this move, e…

MTN Group takes significant step in strategic delivery with MTN Uganda shareholder approval for MoMo separation

MTN Group is pleased to announce an important development in the delivery of its Ambition 2025 strategy with the approval by shareholders of MTN Uganda of the structural separation out of MTN Mobile Money (U) Limited. The strategic intent of Ambition 2025 is ‘leading digital solutions for Africa’s progress. The separation across MTN operations of the fintech and MoMo businesses from the GSM businesses aims to drive accelerated scale, efficiency …

MTN Uganda secures shareholder approval to separate from fintech arm

MTN Uganda has received shareholder approval to spin off its fintech arm, paving the way for greater investor interest and a potential public listing within five years.

MTN Uganda Shareholders Approve Landmark MoMo Separation, Ushering in a New Era of Fintech Growth and Economic Inclusion

In a transformative decision set to reshape Uganda’s fintech and telecommunications landscape, shareholders of MTN Uganda have overwhelmingly approved the structural separation of its mobile money arm, MTN Mobile Money Uganda Limited (MoMo), from the core telecom business. The move was sanctioned during an Extraordinary General Meeting held on July 22, 2025, aligning with MTN Group’s ambitious “Ambition 2025” strategy. This milestone paves the w…

MTN Shareholders Approve Separation of MoMo Business

MTN Uganda Limited has secured shareholder approval for the structural separation of its mobile money and fintech business, MTN Mobile Money (U) Limited (MTN MoMo)—a significant step in the company’s long-term strategic roadmap. The resolution, which was passed during a hybrid Extraordinary General Meeting (EGM) held earlier today, received overwhelming shareholder support, paving the way for the amalgamation of MTN MoMo into a new entity. Subje…