MTN Uganda to spin off mobile money unit into a standalone fintech
- MTN Uganda announced plans to spin off its mobile money business into a standalone fintech company.
- The restructuring will transfer MTN Mobile Money Uganda to a new entity owned by MTN Group Fintech Holdings B.V.
- The transaction is subject to regulatory and shareholder approvals, with a vote scheduled for July 2.
Techpoint Africa - Jun 11, 2025
MTN to spin off Uganda fintech pending regulatory and shareholder approval
MTN Uganda is spinning off its fintech business into a standalone entity as part of a broader strate
The spin-off of MTN Uganda's mobile money business reflects a strategic foresight in recognizing the potential of fintech as a key growth driver. This move could enhance operational efficiency and attract investment, but it will be crucial to monitor how the new entity navigates the competitive landscape and regulatory environment.
