Airtel Uganda readies for a historic $216 million IPO

Airtel Uganda readies for a historic $216 million IPO

Airtel Uganda readies for a historic $216 million IPO - Airtel Uganda Ltd., a subsidiary of Airtel Africa Plc, is gearing up for an unprecedented move in Uganda's financial landscape – an initial public offering (IPO) with the goal of raising an impressive 800 billion shillings ($216 million). This historic IPO signifies the largest share sale in Uganda to date, demonstrating Airtel's commitment to engaging the local market and fulfilling regulatory obligations. IPO Details and Strategy Sources report that Airtel Uganda has set the price per share for the IPO at 100 shillings, effectively valuing the telecommunications giant at a…
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German Producer Prices fall at fastest rate since 2009

German Producer Prices fall at fastest rate since 2009

German Producer Prices fall at fastest rate since 2009 - German producer prices have shown a steeper than anticipated decline, indicating a swift alleviation of inflationary pressures within Europe's largest economy. The significant drop of 6 percent in prices charged by companies for goods produced in the year leading up to July marks the most rapid decrease since 2009. This deflationary trend has been predominantly driven by substantial reductions in wholesale energy prices, as per data released by the federal statistical agency. Economists Predicted Economists surveyed by Reuters had originally projected a 5.1 percent decrease, underscoring the unexpectedly pronounced nature…
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