The Standard Bank Group has advised the leading Malawian telecoms company, Airtel Malawi, on its successful initial public offering on the Malawi Stock Exchange.

The offering raised 27.92 billion Malawian kwacha (MWK), or $38.1 million, for major shareholder, Airtel Africa plc.

Airtel Malawi closed its IPO on 31 January with shares ad...