A wave of profit warnings issued by listed companies since September 2023 has sparked uncertainty at Uganda Securities Exchange (USE), as the affected companies grapple with the fallout from harsh business and economic conditions.

MTN Uganda has declared its latest quarterly dividend equivalent to Sh0.24 per share after announcing a 21.1 percent growth in net profit to Sh14.2 billion for the nine months ended September.

Airtel Uganda Tuesday listed 4.36 billion shares on the Uganda Securities Exchange (USE) after attracting 4,614 investors in its initial public offering (IPO), which saw the takeover of 54.45 percent of the offered eight billion shares.

Airtel Uganda has reported that it sold slightly more than half of the eight billion shares it floated on August 30, returning a 45.55 per cent undersubscription.