MTN Uganda hits road to promote IPO in Kenya

A vendor holds mobile phones and airtime scratch cards at a Mobile Money stall operated by MTN Group Ltd. on a street in Kigali, Rwanda, on Wednesday, Sept. 18, 2013. Coffee-producing Rwanda's economy has doubled in size in the nine years through 2010, according to the World Bank. Photographer: Will Boase/Bloomberg


Business Daily | by Brian Ngugi


MTN Uganda has kicked off a marketing blitz for its Initial Public Offering (IPO) in meetings with Kenyan professional groups and retail investors in Nairobi to bolster subscription.

The 27.6 billion ($250 million) IPO opened mid-last month and closes on November 22. “Kenya’s Capital Markets Authority (CMA) has provided its ‘no objection’ for the MTN Uganda IPO…

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