Possible extension of Safricom IPO to bring Tanzanian investors

Sharing the new hope: Kenya’s President Mwai Kibaki and Uganda’s President Yoweri Museveni leave the swearing-in ceremony of new members of the Grand Coalition Cabinet at State House in Nairobi last Thursday. Raila Odinga was sworn in as Kenya’s second Prime Minister during the ceremony. Picture: Stephen Mudiari

	Possible extension of Safricom IPO to bring Tanzanian investors The Safaricom initial public offering closes this Wednesday, April 23, but a dramatic last-minute extension could be made for Tanzania if the country relaxes the ban on its citizens participating. Extending the IPO for Tanzanians, if it does happen, could potentially interfere with the proposed listing date, which has been set as June 9. Tanzania, which does not have a liberalised capital account, has barred its nationals from participating in the issue on the grounds that it would amount to capital flight since Safaricom
	Dar pursues CCM officials, MPs on list of $180m CIS fund defaulters
	Uganda turns to nuclear power plants