By Robert Mukombozi of The Monitor
"Several Rwandese are scrambling to get a piece of Kenya’s telecom service provider, Safaricom’s IPO cake that is making rounds on the globe.
"Several Rwandese are scrambling to get a piece of Kenya’s telecom service provider, Safaricom’s IPO cake that is making rounds on the globe.
Dyer & Blair Securities Rwanda Ltd, a subsidiary of the Nairobi-based Dyer & Blair Investment Bank together with Morgan & Stanley & Co International PLC have launched Safaricom IPO in Rwanda primarily to ensure the tiny country also gets some shares in the spirit of the East African Community.
And since the opening of the doors on April 1, Rwandese particularly, the elite community and institutions are continuing to flock Chadel Building in Kigali to participate in the Safaricom IPO. According to the picture given at this initial process, the shares are likely to be oversubscribed as indicated by big demand in Kenya mainly because they are priced at a significant discount."
Complete story at "Safaricom excites Rwanda"
Category: Rwanda + Stock + Investment + Economy
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