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When MTN Uganda set in motion the structural separation of its mobile money business into a fully independent, Bank of Uganda–licensed fintech company, it was clear this would be one of the most complex corporate reorganisations in Uganda’s financial services sector in recent years. It required legal counsel with a proven track record in high-value, high-stakes transactions and MTN turned to Paul Mbuga, Partner at S&L Advocates (a member of DLA Piper Africa). Mbuga, a seasoned commercial and infrastructure lawyer, is currently advising the MTN Uganda team on every stage of the process. The separation, part of a wider MTN…
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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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