MTN Uganda has announced plans to separate its mobile money and fintech business, MTN MoMo (U) Limited, from its core telecom operations. This proposed structural shift will be discussed at an Extraordinary General Meeting (EGM) set for Wednesday, 2 July 2025, at 3:00 p.m.
Also Read: MTN Uganda Upgrades WakaNet with New Pricing and Faster Speeds
In a notice to shareholders, MTN Uganda outlined that the hybrid EGM will take place both in person and online, in accordance with Article 62(c) of the company’s Articles of Association. Shareholders will vote on the “Proposed Transaction,” aimed at fully separating MTN MoMo into a standalone entity.
The restructuring will occur through a company amalgamation, creating a new entity that will manage the mobile money and fintech business. This entity will be owned by MTN Group Fintech Holdings B.V. and a trust representing minority institutional and retail investors.
Interesting Read: Uganda’s Journey into the Digital Age
If approved, the move is expected to sharpen operational focus, unlock value, and support MTN Group’s broader fintech strategy. Completion of the transaction remains subject to regulatory approvals and other conditions set by relevant authorities.