Overview:
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
KAMPALA, Uganda — MTN Group Fintech directors visited Uganda for a strategic engagement hosted by MTN MoMo Uganda, focusing on strengthening partnerships and reviewing progress. The visit comes after shareholders approved the structural separation of MTN MoMo Uganda, which allows it to operate as a standalone fintech entity.
The directors held high-level discussions with key government and regulatory bodies, including the Bank of Uganda, the Uganda Revenue Authority, the Financial Intelligence Authority, the Uganda Communications Commission and the Ministry of Finance. These conversations highlighted a shared commitment to advancing financial inclusion, fostering innovation and safeguarding the integrity of Uganda’s financial services sector.
Herman Bosman, chairman of the MTN Group Fintech Board, said the visit shows MTN’s confidence in MoMo Uganda’s growth trajectory.
“Uganda remains one of the most strategic markets for MTN Group Fintech,” Bosman said. “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, emphasized the importance of collaboration.
“This visit demonstrates that our ambition for financial inclusion cannot be achieved in isolation,” Mulinge said. “It requires close partnership with regulators, government and industry peers.”
Richard Yego, managing director of MTN MoMo Uganda, noted the company’s impact on financial access.
“MTN MoMo continues to transform the lives of millions of Ugandans by providing access to secure, affordable and convenient financial services,” Yego said.
The strategic visit reaffirmed MTN Group’s long-term commitment to invest in Uganda and strengthen industry partnerships.