Uganda to require telecom operators to list on local bourse
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Uganda has set new conditions for telecommunications operators in the country in a move aimed at improving services, a top government official said on Tuesday.
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Uganda has set new conditions for telecommunications operators in the country in a move aimed at improving services, a top government official said on Tuesday.
Cipla Quality Chemical Industries Limited (USE:CQCIL), a pharmaceutical manufacturing company, yesterday listed on the Ugandan bourse after its oversubscribed IPO, which raised 166.5 billion Ugandan shillings.
Uganda has asked the local unit of South African telecoms giant MTN Group (JSE:MTN) to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official has said.
Cipla Quality Chemicals has started the process to launch an initial public offering (IPO) that will see the drug make float more than 657 million shares.The process, which started on July 26 is expected to end on August 9, after which the company will announce the price of its IPO shares and the money it intends to mobilise.