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MTN Group Fintech has announced a significant leadership change at MTN MoMo Uganda. It is a key move as the business scales its digital financial services across the country.
RELATED: MTN MoMo adds 25 new wallet corridors across 10 African countries
After four years as CEO, Richard Yego will step down at the end of February 2026, having guided the platform through a critical growth phase. Effective March 1, 2026, current CFO Sarah Bateta Okwi will assume the role of Acting Chief Executive Officer.
Ensuring Continuity with Deep Institutional Knowledge
Sarah Bateta Okwi’s appointment emphasizes MTN’s focus on leadership continuity and operational resilience. She has extensive experience as CFO of MTN MoMo Uganda and previous senior finance roles at MTN Rwanda. Okwi brings deep institutional knowledge and a proven record in financial and operational strategy. Her leadership is expected to support the platform’s evolution into a fully digital-native service.
Transition Amidst Rapid Fintech Expansion Across Africa
This leadership transition coincides with a period of substantial growth for MTN Group Fintech across the continent.
The fintech segment reported a 17.2% revenue increase in Q1 2025, with transaction volumes reaching 5.5 billion. MTN MoMo now serves over 200 million wallets across 24 markets, with services ranging from remittances and loans to insurance.
Key Expansion Drivers: Partnerships and Technology
Strategic partnerships are accelerating MTN’s fintech reach. A collaboration with Mastercard is enhancing the MoMo ecosystem across 13 markets, while a planned integration with Microsoft AI tools in early 2026 aims to boost service innovation.
The company is also expanding its IoT connectivity to 18 operating companies, strengthening its position as a leading digital platform in Africa.
