MTN Uganda’s shareholders have given the green light to a major corporate restructuring that will formally separate the company’s high-performing mobile money business, MTN MoMo, from its core telecom operations. The move, ratified at a hybrid extraordinary general meeting held today, marks a turning point in Uganda’s financial services and telecom landscape and signals a broader shift toward unlocking value from fast-growing fintech assets. The decision authorizes the implementation of the “Proposed Transaction,” which involves the legal and operational separation of MTN Mobile Money Uganda Limited (MTN MoMo) from MTN Uganda Limited. The new standalone entity will be owned by…
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