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Investor confidence in Uganda takes a huge hit - here are the details

Despite the impressive half-year results reported by listed companies since last month, persistent economic concerns, poor returns from listed shares, the end of the dividend hunting season, and relatively high-interest rates on government securities have scared away several institutional investors from the Uganda Securities Exchange (USE). | Pulse Nigeria

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Institutional investors exit Uganda bourse

Several large pension funds have exited their long-term investment positions in the equities markets because of diminished returns.

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Biggest Share Sale! Telco Tycoon Billionaire Sunil Mittal s Airtel Aims for Record-Breaking IPO in THIS Country – Details

Airtel Uganda IPO: Billionaire Sunil Mittal-led telecom major Airtel is planning to launch its initial public offer (IPO) in Africa’s Uganda, which would be the nation’s biggest share sale. The IPO’s objective is to establish a source of future capital to support Airtel Uganda’s extensive growth strategy, ET Telecom quoted people aware of the matter as saying., Companies News, Times Now

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Sunil Mittal s Airtel plans Uganda s biggest IPO to raise $216 million

Sunil Mittal s Airtel plans Uganda s biggest IPO to raise $216 million
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Airtel plans Uganda s biggest IPO to seek over $200 million

Airtel Uganda priced its IPO at 100 shillings a piece valuing the nation’s second-biggest telecommunications carrier at 4 trillion shillings. The unit of billionaire Sunil Mittal’s Airtel Africa Plc is selling a 20 percent stake on the Uganda Securities Exchange to fulfil a regulatory requirement.

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