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
- Tony Elumelu: African Entrepreneurs Need Capital, Not Charity
- Shelter Afrique raises 60 billion CFA francs on the WAEMU market to finance affordable housing
- Lighthouse Capital aims to raise $50 million for mid-sized African businesses
- FAGACE: Bloomfield confirms financial strength with long-term A+ rating
- UMOA Securities Market: Ivory Coast signs the first 20-year issuance in history
- Banks: 8.5% Increase in Saham Bank’s Consolidated Net Banking Income in the first half of 2026
- Banks: 8.5% increase in Saham Bank’s consolidated net banking income in the first half of 2026
- SUNU Assurances IARD Senegal: Albert Sagna appointed as General Manager
Investors snub Ethio Telecom’s IPO, taking only 10.7 percent of shares offered
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com