MTN New FinCo Archives – CEO East Africa

MTN MoMo Uganda Separation Gains Momentum with High-Level Stakeholder Engagements

Paul MurungiThe Big StorySeptember 6, 2025September 6, 2025

The structural separation of MTN MoMo Uganda, a move that will see the country’s largest mobile money business operate as an independent, Bank of Uganda–licensed fintech company is gathering significant…

After Some Pushback, Will MTN Shareholders Today Approve Separation of Mobile Money?

Jeff WintersBanking & Financial Services The Big StoryJuly 22, 2025July 22, 2025

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…

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MTN Uganda Begins Gradual Separation of Mobile Money Business to Attract Fintech Investors

Paul MurungiThe Big StoryJune 11, 2025June 11, 2025

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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