Regulatory Alerts2019-02-06
Sell of listed company shares should be open to all savers
The author argues that telecommunications companies operating under government licenses should offer their shares to the general public rather than restricting sales to institutional investors like the National Social Security Fund. This approach ensures widespread retail ownership, allowing the majority of Ugandans to participate in wealth creation and minimizing capital flight while maintaining market stability through balanced institutional and retail allocations. Drawing on precedents from Uganda and Ghana, the text demonstrates that open offers foster financial market growth, enhance corporate transparency, and build customer loyalty without compromising investment security.
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