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Ugandan tycoon Charles Mbire's stake in MTN Uganda nears $70 million
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Ugandan tycoon Charles Mbire's stake in MTN Uganda nears $70 million
Key PointsCharles Mbire’s 4-percent stake in MTN Uganda has gained nearly $4.9 million in just 51 days, recovering from earlier losses and approaching the $70 million mark.The telecom firm’s stock has risen 8 percent since March 18, pushing its market capitalization above $1.65 billion and generating strong returns for major investors.Despite the recent surge, MTN Uganda shares are down 1.82% year-to-date, reflecting the sector’s inherent volati…
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