MTN Uganda receives approval to sell additional shares for local ownership expansion and regulatory compliance.

MTN Uganda, a subsidiary of MTN Group, received regulatory approval to sell additional shares on the local stock market, aiming to expand local ownership and comply with regulatory requirements. The offering will take place between May 27 and June 10, offering up to 1.57bn shares at a substantial discount, with a goal to fulfill Uganda Securities Exchange regulations and expand Ugandan ownership within the company.

May 27, 2024
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