MobileMoney Fintech LTD (MMFL) has secured shareholder approval for an interim dividend of GHS0.03 per share for the first quarter of 2026 after posting strong revenue growth and completing its transition into an independent business entity.
The approval was granted at the company’s Extraordinary General Meeting (EGM) held on June 12, marking a significant milestone in MMFL’s post-separation operations and reinforcing investor confidence in the fast-growing mobile financial services provider.
Speaking after the meeting, Chief Executive Officer Shaibu Haruna revealed that MMFL generated approximately GHS1.7 billion in revenue during the first quarter of 2026, representing a 28.4 percent increase compared to the same period last year.
According to him, the strong revenue performance translated into healthy profitability, enabling the company to reward shareholders with its first quarterly dividend payment.
“The 3 pesewas per share declared is a reflection of the company’s strong performance in the first quarter,” Mr. Haruna stated.
He explained that the company has shifted from its previous practice of paying dividends on a half-year basis to a quarterly distribution model, providing shareholders with more frequent returns on their investment.
The CEO noted that investors who hold shares in both MTN Ghana and MMFL are expected to receive a combined dividend of GHS0.06 per share for the first quarter following similar dividend declarations by the two entities.
Beyond its financial performance, MMFL is positioning itself for continued growth through innovation and stronger ecosystem partnerships. Mr. Haruna said the company will continue investing in digital solutions that enhance customer experience and expand the reach of mobile financial services across the country.
He emphasized that strengthening the mobile money ecosystem remains a key priority as digital financial transactions become increasingly central to Ghana’s economy.
At the same time, the company is stepping up efforts to tackle digital fraud, a growing concern within the financial technology sector. Mr. Haruna said MMFL will deepen collaboration with regulators, financial institutions and industry stakeholders to combat fraud and protect customers.
He referenced a recently released white paper by the company that highlights emerging fraud threats and outlines practical measures for improving security across the digital payments landscape.
Chairperson Victoria Bright described the EGM as a landmark event in MMFL’s corporate journey following its structural separation from MTN Ghana on March 31, 2026.
She explained that the separation requires MMFL to operate independently, including holding its own shareholder meetings and securing approvals necessary for the governance and management of the company.
Mrs. Bright said shareholders approved the transition of directors from Mobile Money Limited to MobileMoney Fintech LTD, subject to final regulatory approval from the Bank of Ghana.
The approved board appointments include Modupe Kadri, Serigne Dioum, Adekunle Benjamin Awobodu and Antoinette Kwofie as Non-Executive Directors. Susan Yawson was approved as Executive Director, while Bashirat Odunewu was appointed as an Independent Non-Executive Director.
Shareholders also ratified the appointment of Ernst & Young (EY) as MMFL’s external auditor and authorized the board to determine the auditor’s remuneration for the 2026 financial year.
Mrs. Bright noted that all resolutions presented at the meeting received shareholder endorsement. These included the approval of the first-quarter dividend, authorization for directors to declare and pay dividends for the second and third quarters of 2026, the appointment of directors, and the ratification of the external auditor.
The EGM, the first held by MMFL since becoming a standalone entity, signals the company’s readiness to operate under an independent governance framework while sustaining growth in Ghana’s rapidly expanding digital financial services sector.
With strong earnings momentum, a new quarterly dividend policy, and a renewed focus on innovation and fraud prevention, MMFL is positioning itself for sustained growth as competition intensifies in the country’s fintech industry.
