Lucy Odhiambo

Old Mutual Investment Group, one of Africa’s leading investment managers as well as regional investment bank, Dyer & Blair have separately endorsed investments in the ongoing Airtel IPO, rating it a good buy. The two investment banks, in separate research notes seen by this reporter, give the telco’s past steady in some cases faster-than-industry growth across key fundamentals as well as strong industry prospects as reasons for their strong buy recommendations. Airtel Uganda, a subsidiary of Airtel Africa, itself a subsidiary of India’s Bharti Airtel, on August 30th 2023, kicked off the sale of 8 billion shares (20% of the…