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...
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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.
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