The $4.7-million bump in his stake solidifies his position as the richest investor on the Uganda Stock Exchange.
Charles Mbire
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Mbire owns a significant 3.98-percent stake in the Ugandan telecom outfit.
- East AfricaHot News
Ugandan tycoon Charles Mbire’s MTN Uganda reports more than $50 million in profit in H1 2022
Mbire owns 3.98 percent of the company.
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Mbire owns 3.98 percent of the telecom company.
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The surge in earnings was driven by an 11-percent increase in service revenue and a 45-percent increase in data revenue.
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Mbire’s 3.98-percent equity position in MTN Uganda is valued at $44.35 million.
- Hot News
Ugandan tycoon Charles Mbire gains $1.2 million as stake in MTN Uganda surges above $51 million
The share price in the leading telecom company has increased by a single digit in just two days.
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The public offering was the largest-ever in the history of Uganda.
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MTN Uganda will be the fourth operating subsidiary of the South African MTN Group to be listed in Africa.
- Hot News
Ugandan businessman Charles Mbire to see net worth rise by $50 million thanks to MTN Uganda listing
Mbire said the listing reaffirms its commitment to expanding investment opportunities for Ugandans.