MTN shareholders will today vote on a matter that has tested investor confidence and drawn due attention on one of Uganda’s most profitable companies for almost two months now. The vote, which had been planned for July 2, is key in MTN’s plan to structurally separate mobile money from the listed stock portfolio. However, this has not come without some pushback, especially from shareholders, who accuse the telecom of rushing a complicated process that they had very little understanding of. From the outset, MTN remained muted about its plan to structurally separate Fintech from its stock portfolio. In fact, on…
After Some Pushback, Will MTN Shareholders Today Approve Separation of Mobile Money? After delays and shareholder pushback, MTN Uganda faces key vote on mobile money separation

A photo collage of MTN Uganda Board Chairperson, Dr. Charles Mbire, CEO Sylvia Mulinge, and MTN Uganda Mobile Money M.D, Richard Yego, MTN Company Secretary, Enid Edroma and CFO Andrew Bugembe. MTN shareholders vote today on separating its mobile money unit amid investor concerns, delays, and transparency issues. Will the deal finally pass?



