10 Upcoming African IPOs

Upcoming African IPOs

Lackluster performance from Africa’s largest stock exchanges hasn’t slowed the continent’s parade of IPOs.

A total of 24 companies debuted on African stock markets in 2014. This year we’ve already seen new listings in Rwanda (Crystal Ventures), Ghana (Samba Foods), and on the Johannesburg Stock Exchange (nine new listings).

Here are ten more to keep your eyes on as we enter the second half of the year.

Is the Umeme IPO a Bargain?

Photo by Stefan Gara

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?