MTN Uganda Moves to Separate Mobile Money Business Ahead of Strategic Fintech Push

MTN Uganda is taking a major step in reshaping its business structure. The telecom giant has announced plans to formally separate its mobile money and fintech arm, MTN MoMo (U) Limited, from its core telecom operations. This move is part of a broader strategic vision to unlock value and sharpen focus on the fast-growing digital financial services sector.

The proposed restructuring will be discussed during an Extraordinary General Meeting (EGM) slated for Wednesday, July 2, 2025, at 3:00 PM. MTN Uganda will host the meeting in a hybrid format—both in-person and online—allowing wider participation in accordance with Article 62(c) of its Articles of Association.

What’s Changing?

MTN’s plan involves an amalgamation process to create a new entity dedicated solely to operating its mobile money and fintech services. This new company will be jointly owned by MTN Group Fintech Holdings B.V. and a trust representing minority institutional and retail investors, ensuring inclusive participation and shared benefits.

Why This Matters

If approved by shareholders and regulators, this structural separation will:

  • Enhance operational efficiency by allowing focused management of fintech services
  • Align with MTN Group’s pan-African fintech strategy
  • Unlock more value for investors and customers through specialized service delivery

MTN Uganda emphasized that the transaction is still subject to regulatory approvals and conditions, but if successful, it marks a significant shift in how the company positions itself in the evolving digital economy.

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