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Following the resignation of Richard Yego, Sarah Bateta Okwi has been appointed as Acting Chief Executive Officer of MTN Mobile Money Uganda Ltd (MTN MoMo), stepping into the role at a defining moment for the fintech business. CEO East Africa Magazine digs into who she is, her track record inside the MTN Group, and why her appointment matters now. Okwi takes the reins as MTN MoMo navigates a period of leadership transition alongside a broader corporate inflection point, including the expected separation of the mobile money business from its parent, MTN Uganda Ltd. The timing places heightened emphasis on governance…
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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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