Uganda encourages local ownership, orders telcom operators to list on local bourse

PUBLISHED: Thu, 31 Oct 2019 14:52:22 GMT


As part of a move to encourage local ownership in the Capital Market, Uganda has ordered telecoms operators, of which most of them are foreign-owned to list on the local bourse, giving them two years to list at least 20 per cent of their shares. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.