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MTN Uganda has officially announced a landmark proposal to structurally separate its mobile money and fintech operations from the core telecommunications business, a move set to redefine the company’s financial services footprint in Uganda and align to the Group’s Ambition 2025 strategy. The proposed transaction, to be tabled for shareholder approval during an Extraordinary General Meeting (EGM) on Wednesday, July 2, 2025, involves the amalgamation of MTN Mobile Money (U) Limited (MTN MoMo) into a newly created entity, MTN New FinCo, which will become the surviving company. Once complete, MTN MoMo will be deregistered from the companies register, and MTN…
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The handover of Umeme licenses for the sale and distribution of electricity to Uganda Electricity Distribution Company Limited (UEDCL) has put the country’s energy sector into sharp focus, especially with…
Uganda’s central bank, the Bank of Uganda, has its work cut out in implementing its domestic gold purchase programme that was launched in July this year. The Bank’s gold programme…
Shamim Walusimbi is the first Ugandan, and first female to represent Human Resource (HR) professionals on the board of the Africa Human Resource Confederation (AHRC). Shamim is committed to breaking barriers related to diversity and inclusion through her tagline, “Leave No One Behind.” In this capacity, she spearheads the engagement of a platform that brings together Presidents of Human Resource Associations across Africa, fostering collaboration and advancing the HR agenda. As the Board Public Relations Officer of the AHRC, Shamim is an award-winning HR Strategy & Operations professional known for her innovative leadership and mentorship development. Throughout her career, she…
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