Investors have snubbed Ethio Telecom’s shares offered in an initial public offering (IPO) amid local investment rules in the Horn of Africa nation. Ethiopia’s telecommunications company, Ethio Telecom decided to go public offering up 100 million shares but has sold 10.7 million shares. The company’s chief executive officer (CEO) Frehiwot Tamiru has said the IPO...
Trending
- IMF tough rules for Kenya’s new loan
- ARC Ltd and Klapton Re join forces to expand climate insurance across Africa
- Investors snub Ethio Telecom’s IPO, taking only 10.7 percent of shares offered
- Ruto bags $823 million in China
- Kenya’s KCB, Equity Bank to sell 30 percent stake in Congo subsidiaries
- Breaking: U.S cancels Kenya tour, after Ruto visit to China
- Ghanaian Minister of Finance appointed Chairman of the Board of Governors of EBID
- The Board of Governors of EBID holds its 23rd Annual General Meeting