Authority gives nod to MTN Uganda shares public offer

MTN Customer care staff attend to data and bundles clients during an MTN EXPO in 2018. PHOTO | MORGAN MBABAZI | NMG

Kenyan investors are now able to purchase shares of MTN Uganda after the Capital Markets Authority (CMA) allowed the telco to market its initial public offering to local investors.

The initial public offering (IPO) offer opened in Uganda on October 11 but Kenyan investors only got a chance to participate starting yesterday after the regulator gave a “no objection” to the transaction.

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