After a long lull, the African IPO market appears to be heating up. This is welcome news to investors and market operators alike.
In this article, we take stock of the newest crop of IPOs and listings from Africa’s stock exchanges.
It’s been a long dry spell for Ugandan IPOs. The Uganda Securities Exchange hasn’t seen a new local listing since the National Insurance Company floated some shares back in March 2010 – more than two and a half years ago.
So, when the national electricity distribution company, Umeme, launched its IPO last week it created plenty of buzz in Kampala.
Should retail investors sign up for some shares? Or should they avoid them like a live wire?