MOBILE Telecommunications Company (MTC)

MTC aims to raise N$3.5 billion in share offer

MTC aims to raise N$3.5 billion in share offer

MOBILE Telecommunications Company (MTC) intends raising between N$3 and N$3.5 billion by offering a total of 367,5 million ordinary shares to the public during its public offer, the company announced on Friday. Highlighting government decided to list MTC, Minister of Public Enterprises, Leon Jooste says: “The first objective was to develop the country’s financial sector. The financial sector is critical to the economic development. Currently a significant amount of savings leaves the country for investment outlets in other countries. These savings can now be invested at home in MTC. Through our pension funds and insurance policies many Namibians will now…
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