Browsing: MTN Rwanda

MTN Rwandacell lists shares on Rwanda Stock Exchange

MTN Rwandacell has listed its shares becoming the first telecom company to list on the Rwanda Stock Exchange (RSE).

The listing will see 100 per cent of MTN Rwandancell listed on the market but only 20 per cent of the shares previously owned by Crystal Telecoms’ (CTL) will be floated to the public.

The telecom listed its shares by introduction making shareholders of Crystal Telecoms’ (CTL) direct shareholders in MTN Rwanda. Crystal telecom was established following a share transfer of 20 per cent of shares held in MTN Rwanda from Crystal Ventures to Crystal Telecom in 2015.

Listing by introduction is a way of listing shares that are already in another exchange with the aim of raising capital but since the shares had already been fully paid for that is not the aim but could serve a purpose later.

Rwandans can now own a piece of the country’s biggest …

MTN Rwanda launches digital inclusion drive - The Exchange

MTN Rwanda announced the launch of its “We’re Good Together” initiative, derived from the MTN Global Campaign that was launched earlier this month in South Africa.

The aim of the MTN campaign is to demonstrate how it has changed lives by improving digital access, empowering, driving financial inclusion,  enabling SMEs, creating jobs and broad community development, among other things.

 “MTN believes in creating shared value that enables shared prosperity, but we can’t do this on our own – we continue to seek out like-minded partners so that we can do good together. We see ourselves as a partner to the development of Rwanda, so whatever it is we do, we ensure it has a long-lasting impact in our society,” said Mitwa Ng’ambi, MTN Rwanda CEO while speaking about the company’s role in Rwanda

He said that the company seeks to tell its story that doing good business extends …