Company News

MTN Values Mobile Money Arm at UGX18 trillion (US$5b), Considers IPO

by CEO Reporter
Customers at an MTN Mobile money booth. MTN Money Uganda Ltd controls the biggest market share of mobile lending in Uganda

MTN Group Ltd. values its mobile money arm at about US$5 billion (UGX18 trillion) and will consider a listing of the division, joining African wireless carriers trying to monetize a…

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