MTN Group Fintech Directors are in Uganda for a high-level engagement with regulators and other key stakeholders. The visit highlights Uganda’s central role in the Group’s fintech strategy and comes shortly after shareholder approval for the structural separation of MTN MoMo Uganda from MTN Uganda, a milestone that positions the business to operate as a standalone fintech entity. During the visit, MTN Group Fintech Directors held discussions with institutions including the Bank of Uganda, Uganda Revenue Authority (URA), the Financial Intelligence Authority (FIA), the Uganda Communications Commission (UCC), and the Ministry of Finance, according to a press release. These conversations underscored the shared commitment to advancing financial inclusion, safeguarding integrity, and fostering innovation within Uganda’s financial services sector. The Directors’ engagements with government, regulators, and industry stakeholders reflect MTN Group’s confidence in MoMo Uganda’s growth trajectory and reaffirm the importance of collaboration in creating an enabling environment for digital financial services to thrive. Herman Bosman, the chairperson of the MTN Group Fintech Board, highlighted the significance of the visit to the country. “Uganda remains one of the most strategic markets for MTN Group Fintech. The shareholder approval for structural separation marks a new chapter for MTN MoMo Uganda, and this visit reflects our confidence in its readiness to grow as a focused fintech entity,†he said. “Our engagements with regulators and government underline the importance of building strong partnerships to ensure responsible and sustainable growth.†The delegation also held a networking dinner at Four Points by Sheraton, which brought together distinguished guests including Bank of Uganda Governor Dr. Michael Atingi-Ego, alongside regulators, policymakers, and other industry leaders. The event further emphasized the collective resolve to strengthen Uganda’s fintech ecosystem. Sylvia Mulinge, CEO of MTN Uganda, reinforced the role of collaboration in enabling the progress: “This visit demonstrates that our ambition for financial inclusion cannot be achieved in isolation. It requires close partnership with regulators, Government, and industry peers,†she said. “Uganda has shown what is possible when there is shared commitment, and as MTN we remain dedicated to supporting the country’s digital transformation journey.†MTN Mobile Money is Uganda’s leading financial services provider in Uganda, enabling over 13.6 million customers to money transfer, utility payments, MoMo Pay, school fees payment, savings and loans among many other financial services using a mobile phone. Richard Yego, Managing Director of MTN MoMo Uganda, reflected on the company’s contribution to financial access.
“MTN MoMo continues to transform the lives of millions of Ugandans by providing access to secure, affordable, and convenient financial services.
From payments and remittances to savings, credit, and insurance, we are focused on creating solutions that meet the needs of households, small businesses, and enterprises. With the guidance of our regulators and partners, we are confident that this next phase of our growth will deliver even greater impact.†The strategic visit by MTN Group Fintech directors reaffirmed the Group’s long-term commitment to invest in Uganda, strengthen industry partnerships, and advance inclusive digital financial services that empower individuals, businesses, and communities.
