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How do you rate Uganda’s performance with MTN’s continental portfolio, both in digital adoption but also returns, compared to other African markets? Yes, as MTN, we are operating in 16 markets, of which Uganda is one of our key markets. In fact, Uganda was the second market that MTN went into in its international expansion. We started in South Africa, we went into Rwanda and quickly moved to Uganda. So, MTN Uganda has been a big part of the MTN family all this time. Uganda, in many respects, is the model operation. The macroeconomic environment has been pretty stable, the…
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MTN Group chief executive Ralph Mupita has hailed Uganda as the company’s “model operation” and confirmed that it is now MTN’s second-biggest fintech market in Africa, second only to Ghana, and well ahead of Nigeria in meaningful contribution to the Group’s digital-financial services business. Speaking to CEO East Africa Magazine’s Paul Murungi in Johannesburg, South Africa, on the sidelines of the B20 Summit, the official G20 platform for global business engagement, Mupita said Uganda’s macroeconomic stability, regulatory certainty, and forward-looking digital adoption have made the country one of MTN’s most reliable sources of fintech growth. “Uganda in many respects is…
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A milestone moment for African connectivity MTN Group has cemented its position as Africa’s leading telecommunications company, officially becoming the first African-headquartered telco to surpass 300 million subscribers. The milestone marks the successful achievement of the Group’s Ambition 2025 strategic target to serve 300 million customers across its markets. The announcement was made by MTN Group President and CEO Ralph Mupita during the company’s annual Ambassadors Appreciation Dinner, held on October 16, 2025, in South Africa. The gathering brought together African diplomats, senior government officials, and CEOs from across MTN’s operations, alongside members of the Group Executive Committee, to celebrate…
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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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MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Uganda and Nigeria, while ensuring compliance with local regulatory and statutory requirements. In a joint statement published…
MTN is expected to complete the separation of its financial technology (Fintech) business from its listed company under MTN Uganda in the first half of this year. The separation, which MTN Group chief executive officer Ralph Mupita told Bloomberg is part of the requirements for a reorganization in preparation for a $200 million (UGX 732.2 billion) capital investment by Mastercard in the company’s Fintech business, is more advanced in Uganda and Ghana, but remains behind schedule in Nigeria due to a complex regulatory landscape that requires additional processes before the separation is finalised. In July last year, MTN Uganda, in…
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