Tanzania has now opened the initial public offering (IPO) market to all East Africans, lifting a ban that had locked out foreigners from buying shares in ongoing listing of telecoms at the Dar es Salaam Stock Exchange (DSE).
The removal of the restrictions offers hope to the country’s largest telco Vodacom, which recently offered 25 per cent of its shares in an IPO, but failed to raise the Tsh560 billion ($248.5 million) exclusively allocated to Tanzanians.
