Drug maker CIPLA and telco MTN to list on Uganda bourse

A subscriber gets assistance: MTN says it will consider its customers first in IPO. PHOTO | MORGAN MBABAZI | NMG

Kampala-based drug maker CIPLA-Quality Chemicals Industries (CIPLA-QCI) plans to list on the Uganda Securities Exchange in the next four months, ending a six-year initial public offering drought at the Kampala bourse, The EastAfrican reports.

Telecommunications giant MTN Uganda is also exploring ways to give Ugandans a share of its business, but it is said to be still working on the best model for domestic ownership.

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