Bharti Airtel's Uganda arm plans IPO by 2022-end

Airtel Uganda, a unit of Bharti Airtel, plans to list a part of its equity by the end of this year. The company renewed its operating licence in 2020, with one of the conditions for the new licence being Airtel Uganda to list at least 20% of equity on the local bourse. The firm has about 10 million subscribers and is the second biggest operator in the country after a unit of South Africa's MTN Group.