- The two indices on the local bourse, GSE-CI and GSE-FSI, posted sharp weekly declines of -2.52% and -1.53% respectively.
- Government complemented its short-term fundraising with the issuance of a 5-Year Bond.
ECONOMIC SCOOP
MTNGH seeks Judicial review of the National Communications Authority's (NCA) Significant Market Power (SMP) declaration
- Subsequent to the NCA's move to initiate regulatory measures to curb MTNGH's dominance in the telecom industry, MTNGH has sought judicial interpretation of its status in the telecom industry and of the NCA's procedures.
- The NCA's classification of MTNGH as an SMP is expected to limit the company's expansion and competitiveness with the aim of making the sector more competitive.
- While MTNGH has welcomed the move by the NCA to manage MTNGH's dominance it is seeking legal redress against certain measures by the NCA which it deems as procedural breaches.
