MTN Group Fintech Directors have concluded a strategic visit to Uganda, reaffirming the country’s central role in the company’s fintech ambitions and underscoring confidence in MTN MoMo Uganda’s growth trajectory.
The visit follows shareholder approval for the structural separation of MTN MoMo Uganda from MTN Uganda, a landmark step that positions the subsidiary to operate as a standalone fintech entity.
During their stay, the Directors engaged with key regulators and government institutions including the Bank of Uganda, Uganda Revenue Authority, Financial Intelligence Authority, Uganda Communications Commission, National Information Technology Authority, and the Ministry of Finance.
These discussions focused on advancing financial inclusion, strengthening compliance and integrity frameworks, and fostering innovation to expand access to secure, affordable financial services.
A networking dinner hosted at Four Points by Sheraton brought together industry leaders and policymakers, with Bank of Uganda Governor Dr Michael Atingi-Ego among the distinguished guests.
Herman Bosman, Chairperson of the MTN Group Fintech Board, emphasized Uganda’s strategic value:
“Uganda remains one of the most important markets for MTN Group Fintech. With shareholder approval for structural separation, MTN MoMo Uganda is poised to grow as a focused fintech entity. Our engagements here highlight the importance of strong partnerships for responsible and sustainable growth.”
Sylvia Mulinge, CEO of MTN Uganda, added: “Our ambition for financial inclusion cannot be achieved in isolation. Uganda has shown what is possible when regulators, government, and industry collaborate closely. As MTN, we remain committed to supporting the country’s digital transformation.”
Richard Yego, Managing Director of MTN MoMo Uganda, stressed the impact on everyday Ugandans: “MTN MoMo continues to transform lives by offering access to payments, remittances, savings, credit, and insurance. With regulators and partners by our side, we are confident this next phase of growth will deliver even greater impact for households, small businesses, and enterprises.”
MTN MoMo Uganda currently serves over 13.6 million customers through its trusted mobile money wallet and a vast network of more than 212,000 agents and 100,000 merchants across all 134 districts.
The subsidiary remains the country’s leading mobile financial services provider, offering person-to-person transfers, utility bill payments, MoMo Pay, school fees payment, and digital savings and loan products via mobile phones.
Its parent company, MTN Uganda, is one of the country’s largest telecom operators, delivering network services, digital and fintech solutions, interconnect and roaming services, and mobile devices under its National Telecommunications Operator licence.
The Directors’ visit reaffirmed MTN Group’s long-term commitment to invest in Uganda, deepen financial inclusion, and strengthen partnerships that will sustain the country’s fintech ecosystem for years to come.
