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Kalaa Mugosi Women Empowerment Ltd

Full size is 2560 × 1708 pixelsApril 1, 2025April 1, 2025

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The third cohort of the MTN Girls in Tech program during their graduation ceremony held at Smart Girls Foundation in Wakiso District on May 29, 2024 (2)

Driving MTN Uganda’s record-breaking year: Richard Yego (CEO, MTN MoMo), Sylvia Mulinge (CEO, MTN Uganda), and Andrew Bugembe (CFO, MTN Uganda) led the charge behind UGX 641.5 billion in profit and UGX 506 billion in shareholder dividends. Yet, looming over this strong performance is a strategic pivot that has analysts sounding the alarm: the planned spin-off of its fintech arm—MoMo—could significantly alter the company’s growth trajectory and valuation dynamics.

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