The strategic visit by MTN Group Fintech Directors reaffirmed the Group’s long-term commitment to invest in Uganda
For Immediate Release:
MTN Group Fintech Directors Undertake a Strategic Visit to Uganda,
Underscoring Confidence in MoMo’s Growth Journey
• MTN Group Fintech Directors are in Uganda for a strategic engagement hosted by
MTN MoMo Uganda, focused on reviewing progress and strengthening
partnerships.
• The visit follows shareholder approval for the structural separation of MTN MoMo
Uganda, marking its transition into a standalone fintech entity.
• High-level discussions with government and regulators including BoU, URA, FIA,
NITA-U, UCC, and the Ministry of Finance highlighted the importance of
collaboration for financial inclusion and innovation.
• The engagements reaffirmed Uganda’s central role in MTN Group’s fintech
strategy and the Group’s long-term commitment to invest and grow in the market.
Wednesday, 3rd September 2025– Kampala, Uganda: MTN Group Fintech Directors
are in Uganda for a high-level engagement hosted by MTN MoMo Uganda. 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.
Chantal Umutoni Kagame, Chief Executive Officer, Mobile Money Rwanda Limited and her team at the MTN Fintech Directors Dinner at the Four Points by Sheraton
Against this backdrop, 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.
We are grateful to share this opportunity with partners and leaders who continue to shape the financial services landscape of Uganda- Richard Yego, MTN MoMo Chief Executive Officer speaking at the MTN Fintech Di
L-R Herman Bosman, MTN Group Fintech Chairperson and the Guest of honor, Dr. Michael Atingi-Ego, Governor of Bank of Uganda and Richard Yego, MTN MoMo Chief Executive Officer at the MTN Fintech Directors Dinner
L-R Sylvia Mulinge, MTN Uganda’s Chief Executive Officer and Herman Bosman, MTN Group Fintech Chairperson and the guest of honor, Dr. Michael Atingi-Ego, Governor of Bank of Uganda at the MTN Fintech Directors Dinner
Sylvia Mulinge, MTN Uganda’s Chief Executive Officer at the MTN Fintech Directors Dinner at the Four Points by Sheraton
The Guest of honor, Dr. Michael Atingi-Ego, Governor of Bank of Uganda making his remarks at the MTN Fintech Directors Dinner at Four Points by Sheraton
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. These conversations underscored the shared commitment to advancing
financial inclusion, safeguarding integrity, and fostering innovation within Uganda’s
financial services sector.
A networking dinner at Four Points by Sheraton brought together distinguished guests
including Dr. Michael Atingi-Ego, Governor of the Bank of Uganda, alongside
regulators, policymakers, and other industry leaders. The event further emphasized
the collective resolve to strengthen Uganda’s fintech ecosystem.
Herman Bosman, Chairperson of the MTN Group Fintech Board, highlighted the
significance of the visit:
“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. Our engagements with regulators and government
underline the importance of building strong partnerships to ensure responsible
and sustainable growth.”
Sylvia Mulinge, CEO of MTN Uganda, reinforced the role of collaboration in enabling
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. 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.”
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.
—– END—–
About MTN Mobile Money (U) Limited
MTN Mobile Money (U) Limited (MTN MoMo) is a 100% subsidiary of MTN Uganda
Limited and the leading Mobile Financial Services provider in Uganda, providing
services to over 13.6 million customers. MTN MoMo Uganda avails its customers with
safe, secure and trusted virtual mobile money wallet services, person-to-person
money transfer, utility payments, MoMo Pay, school fees payment, savings and loans
and many other financial services using a mobile phone. Download the MTN MoMo
app for free from google play or the App store and enjoy MTN MoMo’s best-in-class
Mobile Financial Services.
About MTN Uganda
MTN Uganda is a leading telecoms company in Uganda with a primary objective of
carrying on the business of a national operator of a telecommunications network
pursuant to the National Telecommunications Operator (NTO) licence granted by the
Uganda Telecommunications Commission (UCC). Among our offerings are network
services, digital and financial technology services, interconnect and roaming, sale of
mobile devices, and MTN Mobile Money (conducted through subsidiary MTN Mobile
Money Uganda Limited). MTN has a presence in all 134 districts of Uganda. Services
are delivered through a network of over 212,044 MoMo agents, 100,985 MoMo
merchants, 200 service stores and 13 main distributors. For the period ended March
31, 2025, MTN Uganda had 22.8 million subscribers, 13.6 million MoMo users, and 10.2
million active data users. Visit us at www.mtn.co.ug or follow us on
www.youtube.com/mtnug and www.twitter.com/mtnug for assistance.
For more information, please contact:
MTN Uganda Press Office: mediadesk.ug@mtn.com
Rhona Arinaitwe: Rhona.Arinaitwe@mtn.com or 0772 123 067
Prisca Baike: prisca.baike@mediagepr.com or 0782 654 083