Now that's what I call a privatisation
"With only seven days to go before the [Kenyan mobile phone network] Safaricom initial public offering application window closes, available data shows that a total of 1.65 million investors have placed orders. The large number of investors puts the government close to achieving its target of bringing one million new investors to the market, through sale of the mobile phone company shares". Source
Excellent stuff. Note that Kenya has a population of 31 million or so, so that is an impressive take up. Furthermore, "in case of local oversubscription by 200 per cent, 15 per cent out of the 35 per cent will be a clawed back to the local investors, leaving the international investors with 20 per cent".
Ex Africa semper aliquid novi, eh?
Excellent stuff. Note that Kenya has a population of 31 million or so, so that is an impressive take up. Furthermore, "in case of local oversubscription by 200 per cent, 15 per cent out of the 35 per cent will be a clawed back to the local investors, leaving the international investors with 20 per cent".
Ex Africa semper aliquid novi, eh?
Labels: Africa
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