Airtel Africa to list on Malawi Stock Exchange

Airtel Africa plc (NGSE:AIRTELAFRI) announced the intention to undertake an initial public offering of its local business, Airtel Malawi plc.
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Airtel Africa plc (NGSE:AIRTELAFRI) announced the intention to undertake an initial public offering of its local business, Airtel Malawi plc.
The Reserve Bank of Malawi (RBM) has implemented Automated Trading System (ATS) for Malawi Stock Exchange which is linked to its Central Securities Deposits (CSD), which keeps details of the securities unlike in the past when trading and recording of securities was all manual.
It was all smiles yesterday for shareholders of newly-formed property development and management firm, Icon Properties plc (MSE:ICON), as they saw the share price increase from K8.75 to K12 per share on listing day on the Malawi Stock Exchange (MSE).
The Malawi Stock Exchange (MSE) on Thursday opened a new chapter in its history when it kick started electronic share trading.