Airtel Africa has announced plans to list shares on the Uganda Securities Exchange.
The company plans to sell 20% of its shares—equivalent to 8 billion shares— to the public via an initial public offering and It will do this through its subsidiary in Uganda, Airtel Uganda Limited.
Airtel Africa stated that the offer is expected to result in significant local ownership of Airtel Uganda Ltd., prioritising Ugandan investors. Additionally, this initiative is anticipated to play a role in advancing the development of the capital markets within Uganda.
The shares will be made available to investors through conventional channels as well as the Airtel Money platform.