MTN will sell down another 7% stake in its Uganda business as part of its ongoing effort to increase local ownership in the East African business. 

MTN International, a wholly owned subsidiary of the JSE-listed group, will sell a portion of its shareholding in MTN Uganda from May 27 to June 10. About 1.5-billion ordinary shares, representing a 7.03% stake in MTN Uganda, will be on offer, including incentive shares...

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