MTN Uganda Shareholders Approve Structural Separation of MoMo Business
MTN Uganda Limited has received shareholder approval for the proposed structural separation of its mobile money and fintech business, MTN Mobile Money (U) Limited (“MTN MoMo”), marking a significant milestone in the company’s strategic evolution. The resolution was passed during a hybrid Extraordinary General Meeting (EGM) held earlier today, where
MTN offers exit option to retail shareholders amid Mobile Money spin-of
MTN Uganda has announced a 14-day exit window for minority retail shareholders ahead of the planned separation of its Mobile Money business. This move is part of the company’s broader restructuring under MTN Group’s “Ambition 2025” strategy, which aims to transform MTN into a digital-first business by accelerating growth in financial technology
