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MTN lists in Rwanda, while dividends remain stuck in Nigeria

04 May 2021

“Most African governments have been asking companies in large industries to list their local operations as a measure to increase public participation in the ownership of those assets as well as grow their local capital markets (stock exchanges),” says Peter Takaendesa, head of equities at Mergence Investment Managers. Vodacom and other telecoms companies have had to do the same in countries such as Tanzania, he adds.”