Tag: local bourse
In a move by the government to have all telecommunication firms in the country to list on local bourse, new operating licences will be effective in June under a new regime. Each foreign-owned firm will be required to list at least 20 per cent of its equity on the bourse within two years. Also implementation of digital tax stamps in the country which were introduced in efforts to increase tax compliance and fight counterfeits is facing challenges. Analyst Charles Bwogi joins CNBC Africa for more.
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.
Nigerian Stock Exchange says the official date for the listing of Airtel Africa shares on the local bourse will hold tomorrow. The planned listing of the firm was postponed from Friday last week. Research Analyst at ARM Securities, Oluwasegun Akinwale joins CNBC Africa for more.