Post

• Business

• July 23, 2025

July 23, 2025 — MTN Uganda, the country’s leading telecommunications provider, announced a major corporate restructuring plan to spin off its mobile money and fintech operations into a standalone company. This move marks a strategic milestone aimed at accelerating growth and innovation in Uganda’s rapidly expanding digital finance sector.

The new entity will be majority-owned by MTN Group Fintech Holdings B.V., MTN’s global fintech investment vehicle. The company has revealed plans to list the fintech arm on the Uganda Securities Exchange (USE) within the next three to five years, opening the door for local and international investors to participate in its growth story.

Why This Matters

With over 21 million mobile subscribers in Uganda, MTN’s mobile money platform has become a vital part of the country’s financial ecosystem. The spin-off will allow the fintech business to operate with greater autonomy, focus on innovation, and respond quickly to market opportunities without being tied directly to the telecom operations.

This separation is expected to unlock new capital, enabling the fintech company to expand its product offerings — from payments and lending to insurance and savings products — thus fueling financial inclusion across Uganda.

MTN’s Vision for the Future

In a statement, MTN Uganda’s leadership emphasized their commitment to digital transformation:

“Spinning off our fintech operations is a key step in driving innovation and delivering enhanced value to our customers and shareholders. We aim to become a leading fintech player in the region and contribute significantly to Uganda’s digital economy.”

Impact on Uganda’s Economy

The fintech industry in Uganda has been growing rapidly, driven by increased smartphone penetration and demand for convenient financial services. MTN’s move is expected to spur competition and innovation, benefiting consumers and small businesses by expanding access to affordable digital financial tools.

What to Expect Next

1. MTN’s fintech arm will operate independently with dedicated management.
2. Preparations for the IPO on the Uganda Securities Exchange will begin, targeting a timeline of 3 to 5 years.
3. New fintech products and services tailored for Uganda’s market will be launched.
4. Increased partnerships with financial institutions and regulators to drive compliance and innovation.

MTN Uganda’s decision to spin off its fintech arm signals the growing importance of digital financial services in the country’s economy. As the standalone company evolves, it promises to unlock new growth opportunities, enhance financial inclusion, and accelerate Uganda’s journey toward a cashless society.