MTN Mobile Money (MoMo) Uganda has appointed Phrase Lubega as the new managing director (MD), as part of its strategy to accelerate financial inclusion and digital innovation across the country.
According to MTN, the appointment remains subject to regulatory clearance from the Bank of Uganda.
Lubega takes over the reins from acting MD Sarah Bateta Okwi, who steered the fintech arm through a transitional period lasting several months.
The new MD brings more than 30 years of executive expertise to the role, with a professional footprint spanning telecoms, information technology and financial services.
Prior to his latest assignment, Lubega operated as interim MD of MoMo Payment Service Bank in Nigeria. In that role, he spearheaded long-term strategies and digital banking frameworks.
Under his leadership, the West African operations achieved robust revenue expansion, optimised operational efficiencies and rolled out new products to enhance market presence, said MTN.
The telco said his broader tenure within the parent company, MTN Group, features major continental portfolios, including serving as Group executive for fintech commercial operations and general manager for commercial and go-to-market.
In these positions, the company said, he enabled the expansion of mobile money architecture, boosting customer retention and scaling up customer acquisition across multiple countries.
Serigne Dioum, Group CEO for MTN Group Fintech, noted that Lubega brings deep market expertise, strong execution capability and a proven track record of scaling mobile financial services across diverse markets.
“His leadership will be instrumental as we strengthen our position in Uganda and continue to expand access to inclusive, secure and innovative digital financial solutions that empower individuals and businesses.”
Sylvia Mulinge, chairperson of the board of directors, MTN Mobile Money Uganda, said: “On behalf of the board, we are pleased to appoint Phrase Lubega to lead MTN Mobile Money Uganda into its next phase of growth.”
She added: “His deep understanding of the business, strong governance experience and proven leadership across the MTN footprint position him well to drive sustainable value for all stakeholders. We also extend our sincere appreciation to Sarah Bateta Okwi for her steady leadership during the interim period.”
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