MTN Group Fintech has announced a leadership transition at its Uganda mobile money subsidiary, MTN MoMo Uganda, with effect from March 1, 2026. Sarah Bateta Okwi, who currently serves as Chief Financial Officer, will assume the role of Acting Chief Executive Officer.
She takes over from Richard Yego, who is stepping down after four years at the helm of the business. During his tenure, MTN MoMo Uganda strengthened its position in Uganda’s fast-growing fintech space, expanding digital payments, financial inclusion services, and partnerships across the mobile money ecosystem.
MTN Group Fintech said the transition reflects its focus on continuity and internal leadership development as the company deepens its fintech strategy across Africa. Okwi’s appointment is expected to ensure operational stability while supporting MTN MoMo Uganda’s next phase of growth.
As CFO, Okwi has played a central role in overseeing the company’s financial performance, governance, and compliance, giving her a strong foundation to lead the business during the transition period. Her elevation also aligns with MTN Group’s broader efforts to promote leadership diversity and build local executive capacity within its operating markets.
MTN MoMo Uganda is a key component of MTN Group’s fintech ambitions, with mobile money services forming a major pillar of the group’s revenue diversification strategy. Uganda remains one of MTN’s most important mobile money markets, driven by high adoption of digital payments and financial services.
The company has not yet announced whether Okwi’s appointment will be confirmed on a permanent basis, but said further updates will be communicated in due course.
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