The telecom firm plans to raise US$1.2bn in IPO Kampala, Uganda | ISAAC KHISA | Uganda’s biggest telecom, MTN Uganda, is set to reveal its new growth plans and opportunities on Oct. 11 when it publishes its indicative price range ahead of the expected US$1.2billion initial public offering (IPO). MTN …
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This will potentially be the largest IPO on the Ugandan market and will be delivered primarily through a digital paperless/ green platform which is the first of its kind in East Africa Kampala, Uganda | THE INDEPENDENT | MTN Uganda has today announced intentions to float 20% of their shares …
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Why Ugandan pundits are mistaken in their understanding of why some foreign firms have quit our market THE LAST WORD | ANDREW M. MWENDA | A couple of multinational firms have pulled out of Uganda in the last one decade. Oil giant Shell sold itself to Vivo, Barclays Bank …
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Revealing the networks of people with power Kampala, Uganda | THE INDEPENDENT | In the April 30-07 issue of The Independent, Andrew Mwenda; in his column, wrote an article entitled “Paved with good intentions: How Western interventions in African affairs, even when well intentioned, produce bad results.” In that article, …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s fintech community is confident regulation will act as a pedestal for the industry’s future growth. Speaking ahead of FITSPA’s 3rd Annual Fintech Conference due September 8, Chairman of FITSPA and Country General Manager of Interswitch EA Uganda LTD Peter Kawumi said the association provides …
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Kampala, Uganda | THE INDEPENDENT | Stiff competition and high indebtedness have forced Uganda’s third largest telecom service company by subscriber base, Africell, to quit the country. The company say its services will stop on October 7, this year, according to a letter circulated to its employees, who will continue to …
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Who are the winners and losers? ANALYSIS | THE INDEPENDENT | The second wave of COVID-19 appears to have hit the economy severely and dimmed prospects for a quick recovery, according to the latest Bank of Uganda monetary Policy Statement for August 2021. The statement is the first major economic …
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Kampala, Uganda | THE INDEPENDENT | A joint parliamentary team, comprising the Public and Local Government Accounts committees, has tasked officials from Post Bank Uganda Limited, MTN and Airtel to provide accountability for the 2.85 billion Shillings reportedly spent on administrative costs to send COVID-19 relief cash to vulnerable Ugandans. …
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Kampala, Uganda | THE INDEPENDENT | The Special Investigations Unit-SIU is detaining ten suspects on allegations of vandalizing the telecom masts in various parts of the country. Charles Twine, the Criminal Investigations Directorate-CID spokesperson has identified the suspects as Martha Namukasa aged 30, Annet Nakkazi aged 54, Clare Namatovu aged 25, …
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The conference will focus on strengthening capacity to thrive in the 4th industrial revolution Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) is set to hold the 4th Annual Bankers Conference on the July 26-27, under the theme: Bend but don’t break: How the financial sector can thrive in …
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