Kenyan firm to earn hefty fees in MTN Uganda IPO

JIMNAH

Dyer and Blair chairman Jimnah Mbaru. FILE PHOTO | NMG

MTN Uganda has picked Kenyan investment bank, Dyer and Blair, to assist with its initial public offering (IPO) guaranteeing the firm, owned by billionaire businessman Jimnah Mbaru hefty fees.

The $250 million (Ush895.56 billion) IPO opened on Monday.