Breaking

Archive

Dec 2 results
10:33
10:33

MTN Raises Share-Buy Limit to Ushs20m A Day, Claims Good Response to IPO MTN IPO 4 1

The 5 million limit and the limit on the normal mobile money transactions of up to 7 million per day is one way of ensuring that the financial industry is not abused for money laundering and other crimes like financing of terrorism. MTN says, the IPO has attracted at least 60,000 new investors who have opened a Securities Central Depository (SCD) account, which is more than double the number of accounts at the Uganda Securities Exchange, before the IPO.
18:08
18:08

MTN Shares: What Are You Buying? MTN IPO 1

Uganda Securities Exchange handled companies whose total capitalisation is about 4.3 trillion shillings, compared to MTN’s 4.5 trillion shillings. The company handles mobile money transactions worth 100 billion shillings daily, and by the end of 2020, it was holding 655 billion shillings in mobile money deposits, up from 450 billion in 2019.
Dec 2 results