MTN to open $1.2b Uganda IPO to investors in East Africa
MTN Uganda will sell a fifth of its stake to Kenyan and other East African investors when it floats its initial public offer (IPO) on the Kampala bourse.
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MTN Uganda will sell a fifth of its stake to Kenyan and other East African investors when it floats its initial public offer (IPO) on the Kampala bourse.
Dfcu Bank has cut its dividend payout by more than 60 per cent for the period ended December 2020 due to the need to reserve capital to withstand and absorb shocks that may crop up as a result Covid-19.
The Uganda Securities Exchange (USE) yesterday suspended trading in Uchumi Supermarket shares (USE:UCHM), citing failure to observe listing obligations.
Fitch Ratings has affirmed Stanbic Bank Uganda Limited's (SBU) Long-Term Issuer Default Rating (IDR) at 'B+'. The Outlook is Negative. A full list of ratings actions is detailed below.