Economist Weighs in on MTN's IPO of shares

 

Economist Weighs in on MTN's IPO of shares

_Prof. Nuwagaba: The listing of MTN Uganda and issuing of shares to the public is a big step towards strengthening of equity markets in Uganda. It is a vote of confidence in Uganda's capital market. It also means more transparency and accountability for MTN services.

It increases investment portfolio for MTN Uganda which is expected to increase efficiency, but also enhances exposure which is important for shareholders.

The IPO of Shs200 and maximum 500 shares is very good as it enables many Ugandans to invest in MTN Uganda. This will increase ownership by Ugandans.

It also shows that Uganda's investment climate is robust. 

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