MTN to spin off Uganda fintech pending regulatory and shareholder approval
- MTN Uganda's fintech division is becoming a standalone entity to pursue growth and investment opportunities.
- The spin-off aligns with MTN Group's strategy to separate fintech units across Nigeria, Ghana, and Uganda by mid-2025.
- The restructuring is influenced by Uganda's National Payment Systems Act 2020, requiring mobile money operators to operate independently.
The spin-off of MTN Uganda's fintech business represents a significant opportunity for growth in the mobile money sector, especially in a rapidly evolving regulatory environment. This strategic move could enhance competition and drive innovation, but it will be crucial for MTN to navigate regulatory challenges and effectively integrate its new governance structure to realize its full potential.
