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- Title
Rwanda.
- Abstract
The article reports that Safaricom has launched an Initial Public Offering (IPO) of its shares. The move came shortly after the Kenyan government announced that it plans to pull out 25% of its stake in the company. Safaricom issues 10 billion of its shares, 65% of which is open to East African citizens while 35% will be sold to institutional foreign investors. Rwandan investors will be treated like East African investors, allowing them to purchase a share at Ksh 5. According to Simon Karenzi, chief executive officer of Dyer and Blair Rwanda, one of the IPO brokers, the IPO is one of the first opportunities for the East African integration.
- Subjects
RWANDA; EAST Africa; SAFARICOM PLC; GOING public (Securities); CORPORATE finance; CORPORATE reorganizations; SALE of business enterprises; INSTITUTIONAL investments; BUSINESS brokerage; LISTING of securities
- Publication
Africa Research Bulletin: Economic, Financial & Technical Series, 2008, Vol 45, Issue 3, p17786
- ISSN
2053-227X
- Publication type
Article