Sharp Daily
No Result
View All Result
Friday, June 27, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Investments

Airtel Uganda seek to issue an IPO on the Uganda Securities Exchange

Vincent Wangu by Vincent Wangu
August 11, 2023
in Investments
Reading Time: 1 min read

Airtel Uganda Limited has announced its intention to publish a prospectus and to issue an Initial Public Offer (IPO) of 8,000,000,000 ordinary shares on the Main Investment Market Segment of the Uganda Securities Exchange, representing 20.0% of its company.

Read more: Airtel Acquirers Ksh4.7B Additional Spectrum In Kenya

The prospectus will be published following the approval of the Capital Markets Authority of Uganda. The offer will be effected by way of the sale of Bharti Airtel Uganda Holdings, a wholly-owned subsidiary of Airtel Africa Plc. All the proceeds of the offer, net of related expenses, will consequently go to Bharti Airtel Uganda as the selling shareholder.

To progress the offer, Absa Bank Uganda Limited has been appointed as Lead Transaction Advisor, Crested Capital as Lead Sponsoring Broker, Katende Ssempebwa and Company Advocates as the Legal Advisor, and EY as the Reporting Accountant.

RELATEDPOSTS

No Content Available

Airtel Uganda, previously Celtel Uganda Limited, launched the country’s first mobile cellular network in 1995. Following the acquisition by Bharti Airtel Limited (“Bharti Airtel”) in June 2010, the business was rebranded to Airtel Uganda, thereby introducing the Airtel brand to the country.

Read more:Airtel Kenya Separates Airtel Money From Main Company

It is currently the co-leader in the market with 49.0 per cent revenue and 47.3 per cent subscriber market share. The company has 14.3 million active subscribers across 146 districts in Uganda.

The parent company, Airtel Africa plc, is listed on the London Stock Exchange and the Nigeria Stock Exchange. It operates across 14 countries, comprising over 140 million subscribers and a market capitalisation of approximately USD 5.5 billion.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Tax Appeal Tribunal Dismisses Naivas Appeal Against the Payment of Kshs 1.8 Billion Corporate Tax

Next Post

The Government Eases Domestic Borrowing to Lower Interest Rates

Vincent Wangu

Vincent Wangu

Related Posts

Analysis

Kenya’s CIS market: Q1′ 2025 shows a surge, setting the stage for future expansion.

June 26, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
Analysis

Your First Investment should be an emergency fund with Cytonn Money Market Fund

June 16, 2025
Investments

Contrarian investing in Kenya.

June 13, 2025
Investments

Policies shaping Kenya-Tanzania energy collaboration

June 10, 2025
Investments

Navigating inflation and currency risks in African investments

June 10, 2025

LATEST STORIES

Private vs Public Pension Funds in Kenya

June 27, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025

Opinion: Populism feeds votes, not growth

June 27, 2025

Competitive advantages of small businesses

June 26, 2025

Opinion: Invest in sports for national prosperity

June 26, 2025

Ethiopia’s access to Eritrean ports is a game-changer for trade

June 26, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024