The successful initial public offering of shares in the 25% government owned Safaricom is an eye-catching story. Asking whether similar good news in economic and political developments across the continent are a flash in the pan or signs of larger trend, the Boston Review features Berkeley’s Ted Miguel (”Is it Africa’s Turn?“) and nine commentaries.
IPO: Kenya Safaricom shares up 60% in first day
June 9th, 2008 · 1 Comment
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1 Bayo Adekanmbi // Aug 19, 2008 at 9:53 am
Safaricom’s IPO over-subscription is a classical case of the pent-up desire of Africans to demonstrate their appreciation for worthy investment. Telco businesses are the most profitable in African continent, even with the huge CAPEX, the average margin per user is relatively high compared to the world’s average. Africans will like to put their money where their mouth or voice is because each call they make is a call of wealth
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