MTN Uganda has initiated the separation of its fintech division from its core telecom business, part of MTN Group’s broader strategy across Nigeria, Ghana, and Uganda. This move will enable the newly independent fintech company to pursue aggressive expansion in Uganda’s mobile money sector while giving external investors a clear and targeted investment vehicle.
The restructuring is also due in part to Uganda’s National Payment Systems Act 2020 mandating mobile money operators to operate as standalone entities.
Emerging from the spin‑off as an independent company gives MTN Uganda’s fintech arm greater flexibility to secure additional capital, adapt its governance structure, and make market‑specific strategic decisions. It also positions the company to enhance its competitiveness with local rivals, including Airtel Money, and align more closely with Uganda’s evolving fintech regulatory framework.
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