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Investors eye high dividends in Airtel Uganda IPO listing
Airtel Africa Group CEO Segun Ogunsanya (left) with Airtel Kenya MD Ashish Malhotra during the launch of the telco's eSIM (embedded sim) on February 23, 2023. PHOTO | DIANA NGILA | NMG
Kenyan investors who opt to participate in the upcoming Airtel Uganda initial public offering (IPO) are set to enjoy a high cash return owing to the company’s policy of distributing nearly all of its net earnings as dividends.
Airtel Uganda is set to float 20 percent of its issued shares, equivalent to eight billion units, in the IPO to be held between the end of this month and early October.
