During a pre-listing cocktail held at Ryalls Hotel in Blantyre,  Airtel Malawi managing director Charles Kamoto dismissed rumours that the company’s listing was aimed at raising funds to pay back the company’s debts.

Kamoto explained that having a 54% market share and being in an industry which is growing fast, the company’s growth is more than likely. On the other hand. Reserve Bank of Malawi (RBM) commended Airtel Malawi’s listing as an investment opportunity in the telecommunications sector.

The central bank’s Governor Dalitso Kabambe said he listing would bring a number of advantages to the company as well as Malawi’s capital market.Airtel is offering 2.2 billion shares at K12.69 per share on the Malawi Stock Exchange (MSE), allowing the public, for the first time, to own part of the telecommunications firm.