BY JOHN GAHAMANYI of The New Times"Safaricom, described as the most profitable Telecom company in East Africa has launched its Initial Public Offer (IPO) in Rwanda paving way for Rwandan investors to have a stake in the company.
This comes shortly after the Government of Kenya announced is unloading 25 per cent of its stake in the company, hoping to raise Ksh50 billion ($735 million) by selling 10 billion shares at Kshs5.00 each.
Of the issued shares, 65 per cent are open to East African citizens while the remaining 35 percent will be sold to institutional foreign investors."
Complete story "Safaricom IPO launched in Rwanda"
Category: Rwanda + Investment + Stock + East Africa Community
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