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Uganda’s second largest mobile phone operator, Airtel Uganda, has initiated internal discussions regarding plans to list a 20% stake in the company via an initial public offering (IPO). PR manager David Birungi said the company will notify the market “when discussions are complete.” The Capital Markets Authority (CMA) requires all foreign-owned telecommunications companies to list...

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Airtel Uganda has said that ‘discussions are going on internally’ with regard to the listing of a 20% stake in the company via an initial public offering (IPO). A report from the Daily Monitor says the cellco has still to release further details, including the possible timing of the IPO. Holders of National Telecoms Operator (NTO)...

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South Africa-based MTN Group has announced that it will proceed with the listing of its 22.4 billion ordinary shares on the Uganda Securities Exchange (USE), with trading commencing immediately. In a press release the emerging markets carrier revealed that the listing had received the requisite approvals from the Capital Markets Authority in Uganda and the USE, and follows...

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TerraPay, a global payments infrastructure company, has announced its association with MTN Mobile Money Uganda Limited, a telecom operator in Uganda and part of the MTN Group. The partnership will enable  MTN Mobile Money Uganda Limited in facilitating international digital cross border remittances and speedy money transfers to beneficiaries in regions such as India and China. Since 2020, TerraPay has...