Airtel Uganda’s H1 2025 revenue hit UGX 1.077 trillion as net profit rose to UGX 197.2 billion, powered by data growth; rising finance costs and short term debt loom.

Most East African exchanges are thinly traded, retail participation remains low, and holdings are heavily concentrated among institutional investors. KPC’s IPO could change this dynamic by acting as a benchmark, utility-like asset with predictable revenue streams and dividends, providing both stability and tradability.