Today's Bulletin: November 11, 2024

More results...

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Africacom
AfricaCom 2024
AI
Apps
Apps
Banking
Broadcast
CABSAT
Cabsat
Cloud
Column
Content
Corona
DTT
eCommerce
Editorial
Education
Entertainment
Events
Fintech
Fixed
Gitex
Gitex Africa
Healthcare
IBC
Industry Voices
Infrastructure
IoT
MNVO Nation Africa
Mobile
Mobile Payments
Music
MWC Barcelona
MWC Kigali
News
Opinion Piece
Q&A
Satellite
Security
Software
Startups
Streaming
Technology
TechTalks
TechTalkThursday
Telecoms
Utilities
Video Interview
Follow us

Airtel Malawi IPO sets record with local listing

February 28, 2020
1 min read
Author: Editorial Team

The IPO’s lead advisor Standard Bank of Malawi applauded the Reserve Bank of Malawi for accommodating several transaction platforms during the offer.

Enock Kondowe, Standard Bank’s head of investment banking, said there are now 8031 shareholders – meaning, 20% of Airtel Malawi is now in the hands of the Malawian public.

More than fifty percent, which is precisely 4573 applicants, applied through mobile money facilitated by Airtel Mobile Money

Enock Kondowe, Standard Bank’s head of investment banking

Airtel Malawi Plc, with the share code AIRTEL, now becomes the fifteenth counter and second telecommunications company on the bourse and makes it the largest IPO in the history of Malawi.

Airtel Malawi Managing Director Charles Kamoto said the listing was the culmination of a year-long process.

“I also wish to welcome the new shareholders of Airtel Malawi to the family. As previously outlined, we are optimistic about the outlook for the telecommunications industry and believe we are well positioned to benefit from the attractive growth prospects in the sector, which we hope will benefit our shareholders in the long term,” he commented.

Follow us on LinkedIn

Newsletter signup

Sign up for our weekly newsletter and get the latest industry insights right in your inbox!

Please wait...

Thank you for sign up!