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Airtel Africa s Uganda unit plans to raise $216 million via a 20% stake sale

The Airtel Uganda IPO, reportedly the African nation s biggest share sale, opens Wednesday and closes on October 13. The company s shares will be listed October 31 on the Uganda Securities Exchange, according to the share sale documents. Once the listing is concluded, Airtel Uganda will be the second listed telco on the Uganda stock exchange after MTN Uganda – majority controlled by South Africas MTN Group – which was listed in December 2021.

Mr Patrick Masambu Deputy Director General | ITSO (International Telecommunications Satellite Organization)

Mr Patrick Masambu Deputy Director General | ITSO (International Telecommunications Satellite Organization)
ugandandiasporanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ugandandiasporanews.com Daily Mail and Mail on Sunday newspapers.

11 3m mobile money accounts inactive

According to the UCC Market Performance Report, only 26 million mobile money accounts out of the 37.3 million are active

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