Accra, Ghana//-Stakeholders of MobileMoney Fintech LTD (MMFL), MTN Ghana’s independent mobile payments firm, today, all the proposals tabled at the company’s second Extraordinary General Meeting (EGM) held virtually.
The proposals listed below were massively approved by the shareholders of MMFL, with MTN Dutch Holdings BV being the major shareholder (70%), and beneficiaries of the MTN Ghana Fintech Trust, which holds a 30% minority economic stake.
The shareholders and beneficiaries voted almost unanimously for all the following proposals at the 2nd EGM:
- To approve the appointment of the following as Directors of the Company, subject to Bank of Ghana (BoG) approval:
1.1 Modupe Kadri as a Non-Executive Director
1.2 Serigne Dioum as a Non-Executive Director
1.3 Adekunle Benjamin Awobodu as a Non-Executive Director
1.4 Mrs Antoinette Kwofie as a Non-Executive Director
1.5 Ms. Susan Yawson as an Executive Director
1.6 Mrs. Bashirat Odunewu as an Independent Non-Executive Director
- To approve dividends in the amount of GHS0.03 per share for the first quarter ending March 31, 2026.
- To authorize the Directors of the Company to declare and pay dividends for the second and third quarters of the 2026 financial year.
- To ratify the appointment of Ernst & Young (EY) as the External Auditor of the Company.
- To authorise the Directors of the Company to fix the remuneration of the External Auditor for the 2026 financial year.
Addressing the shareholders earlier, the Chairperson of the MMFL Board, Madam Victoria Bright, said theirs is a milestone worth celebrating, explaining that today’s meeting holds a special significance.
“It is our first general meeting since our shareholders and beneficiaries approved the merger of MobileMoney Limited (MML) and MMFL in December 2025”.
On behalf of the board, she expressed her sincere thanks for their cooperation throughout the merger implementation process.
“Thank you for your patience, and for the faith you placed in your board to execute this merger in a manner that protects and grows the value of your investment”, Madam Bright lauded.
She told the shareholders that the merger was completed on the 31st of March 2026.
The integration of MML, formerly MobileMoney Limited, into MMFL is now complete, and the company being MMFL is in a better position to pursue its next phase of growth, Madam Bright assured the shareholders.
