Michael Atingi-Ego, Deputy Governor of the Bank of Uganda (BOU) has called on business organisations to have the right structures, and processes that can help them anticipate and prepare for, respond to, and adapt to disruptions if they are to be resilient. Atingi-Ego was on Thursday giving a keynote speech at the League of East African Directors (LEAD) Convention 2023 in which the business leaders discussed the challenges and opportunities that arise amidst a constantly evolving regulatory environment. LEAD is a platform that plays a crucial role in fostering collaboration, sharing insights, and promoting knowledge exchange among directors, executives, and…
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On December 6th, 2021, MTN Uganda Limited listed and commenced trading of its 22.4 billion ordinary shares on the Uganda Securities Exchange (USE). This was after the listing receiving the requisite approvals from the regulator, Capital Markets Authority (CMA) and the USE. The MTN share sale is to date Uganda’s largest initial public offering raising a record UGX535 billion from applications for 2.9 billion shares (including incentive shares). Following the IPO, MTN Group’s holding in Uganda’s largest telecom operator reduced to 83.05%. Perhaps most importantly, and in line with the objective for listing, Ugandans and Ugandan entities own 15% of the…
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