MTN Group is advancing plans to separate its fintech businesses in Nigeria, Ghana, and Uganda as part of a restructuring process that will allow Mastercard to acquire a minority stake in the units.
The move follows an agreement between MTN and Mastercard in 2023, requiring the telecom giant to spin off its fast-growing financial services divisions in the three markets.
The deal, expected to be finalised in the first half of 2025, is part of…
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