MTN Mobile Money Uganda has appointed Sarah Bateta Okwi as its Acting Managing Director, effective March 1, 2026. This follows the resignation of Richard Yego, who led the company for four years. He will officially step down on February 28, 2026.
The board announced the transition in a statement on Monday. They thanked Yego for his leadership and strategic contributions. Moreover, they confirmed that interim arrangements are in place to ensure smooth operations.
Okwi currently serves as Chief Finance Officer of MTN Mobile Money Uganda. She brings nearly 20 years of experience within the MTN Group. Her appointment comes at a critical time. Specifically, the mobile money business is preparing to operate as a fully independent entity—separate from MTN Uganda’s telecom operations.
As CFO, she has strengthened financial controls, governance, and regulatory compliance. In addition, she has played a key role in financial planning and risk management. These areas are vital as the platform expands in a complex regulatory landscape.
In a past statement, Okwi emphasized accountability: “Our team’s dedication to strong financial controls and precise reporting shows our collective expertise.” She added, “With solid accounting practices, we meet all statutory obligations and support growth.”
Importantly, the board assured stakeholders that MTN Mobile Money Uganda remains fully operational. Furthermore, it reaffirmed its commitment to corporate governance and customer service during the transition. The search for a permanent Managing Director is already underway. An announcement will follow soon.
MTN Mobile Money Uganda is one of the country’s largest fintech platforms. It processes millions of transactions daily. It also drives digital payments, financial inclusion, and merchant services nationwide. Given this scale, Okwi’s leadership offers much-needed stability.
Because of her deep institutional knowledge and financial expertise, she is well suited for this role. Consequently, stakeholders see the smooth handover as a sign of organizational strength.
Above all, this transition highlights the company’s ability to adapt while staying focused on its mission. That mission is clear: to deliver inclusive financial innovation for millions of Ugandans.
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