Vodacom IPO extended again as Tigo, MIC prepare offers

Tanzania's capital Markets Securities Authority has once again extended the Vodacom initial public offering to allow foreigners to participate in it.

Charles Shirima, public relations manager at CMSA, said the extension covers 10 working days. Vodacom Tanzania issued offered 560 million shares to the public on March 9, to close on April 19, but the offer was extended for three weeks to allow government officials to buy shares.