MTN Uganda secures shareholder approval to separate from fintech arm
- MTN Uganda secured shareholder approval for the spin-off of its fintech operations on July 22, 2025.
- The spin-off aligns with MTN Group's strategy to unlock value from its fintech business across Africa.
- MTN MoMo Uganda recorded an 18.4% year-on-year revenue increase in Q1 2025, earning $70.8 million.
The strategic spin-off of MTN Uganda's fintech operations is a forward-thinking move that not only aligns with regulatory requirements but also enhances operational transparency and governance. This could attract more investment and position MTN as a leader in the growing digital finance market in Africa. However, the company must ensure that the transition is seamless for customers to maintain trust and loyalty.
