The 5 million limit and the limit on the normal mobile money transactions of up to 7 million per day is one way of ensuring that the financial industry is not abused for money laundering and other crimes like financing of terrorism.
MTN says, the IPO has attracted at least 60,000 new investors who have opened a Securities Central Depository (SCD) account, which is more than double the number of accounts at the Uganda Securities Exchange, before the IPO.
