The company’s share price remains steady reflecting investors’ cautious “wait and see” approach Kampala, Uganda | THE INDEPENDENT | On November 7, Airtel Uganda marked a significant milestone by becoming the second telecom company to be listed on the Uganda Securities Exchange, following in the footsteps of MTN Uganda, which accomplished …
Read More »Early dividend payout likely to boost Airtel share price on secondary market
Kampala, Uganda | THE INDEPENDENT | Airtel Uganda Ltd shares commenced trading on the Uganda Securities Exchange this week amidst concern over the apparent lack of interest by Ugandans in investing in equities. The company’s Initial Public Offer attracted a 54.45 percent subscription, a sharp contrast with the IPOs of …
Read More »Buganda Kingdom boosts Airtel Uganda IPO
Kampala, Uganda | THE INDEPENDENT | Buganda Kingdom has demonstrated its commitment to the Kingdom’s economy and cooperation with key market players by undertaking a substantial investment in Airtel Uganda’s Initial Public Offering (IPO). Charles Peter Mayiga, the Kingdom’s Prime Minister pledged to procure 2 million shares on behalf of the …
Read More »Class of 1995, the Airtel IPO is here!
Airtel IPO offers Class of 1995 new saving vehicle. Let’s leave something for the next generation. COMMENT | DAVID BIRUNGI | The year 1995 is etched in Uganda’s contemporary history in many different ways. I will stick with only two because less is more. I don’t know where you were …
Read More »Airtel Uganda hopes to raise $216 million in IPO
Kampala, Uganda | THE INDEPENDENT | Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, hopes to raise Shs 800 billion in an initial public offering (IPO). The company set the price for its initial public offering (IPO) at Shs100 per share and will offer up to 20% stake or 8 …
Read More »Airtel Uganda to offer 20% stake through IPO
The company will give more preference to Ugandan investors Kampala, Uganda | PATRICIA AKANKWATSA | Airtel Uganda plans to float a 20% stake in the company, equivalent to 8 billion ordinary shares, via an initial public offer (IPO) to be listed on the Uganda Securities Exchange (USE). The operator said that …
Read More »China approves IPO application of CNOOC Limited
CNOOC Limited can issue no more than 2.99 billion shares in its IPO Beijing, China | Xinhua | China’s securities regulator has approved the initial public offering (IPO) application of CNOOC Limited. CNOOC Limited will be listed on the A-share market, the China Securities Regulatory Commission said in a statement on Wednesday. …
Read More »MTN Uganda’s new journey
The telco raised Shs535.9bn in undersubscribed IPO Kampala, Uganda | THE INDEPENDENT | The South African telecom subsidiary in Uganda, MTN, began a new journey on Dec.06, with the listing on the Uganda Securities Exchange, and the share price surging past the IPO price during the first week of trading. …
Read More »MTN raises mobile money ceiling to Sh20 million as drive for shares increases
MTN raises share-buy limit to Ushs20m a day, talks of good Rresponse to IPO Kampala, Uganda | THE INDEPENDENT | Telecom company, MTN has made a last-minute ditch to attract as many applications for the company’s shares as possible, with the closure of the Initial Public Offer, IPO, coming to …
Read More »MTN Uganda set to reveal new growth plans, opportunities
The telecom firm plans to raise US$1.2bn in IPO Kampala, Uganda | ISAAC KHISA | Uganda’s biggest telecom, MTN Uganda, is set to reveal its new growth plans and opportunities on Oct. 11 when it publishes its indicative price range ahead of the expected US$1.2billion initial public offering (IPO). MTN …
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