Dear fellow bloggers, kindly distribute this information to all Tanzanians. A lot of people are still in the dark. Mwishowe Wakenya wanatupiga bao ndio tunaonekana tunawaogopa ndio maana hatutaki Federation.
http://uchuminafedha.blogspot.com/2008/08/nmb-ipo.html
Dear Forum Memmbers and fellow Tanzanians,
Some of you may already know this, but most Tanzanians don't. The Government is planning to sell 21% of the 51% of the NMB shares it holds. The Initial Public Offering, IPO is expected to take off before September 2008.
Currently, the shareholder profile for NMB is:
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http://uchuminafedha.blogspot.
Dear Forum Memmbers and fellow Tanzanians,
Some of you may already know this, but most Tanzanians don't. The Government is planning to sell 21% of the 51% of the NMB shares it holds. The Initial Public Offering, IPO is expected to take off before September 2008.
Currently, the shareholder profile for NMB is:
- The Government of the United Republic of Tanzania 51.0%
- RABO Bank 34.9%
- National Investment Company Limited (NICO) 6.6%
- Exim Bank Tanzania 5.8%
- Tanzania Chambers of Commerce Industries and Agriculture (TCCIA) 1.7%
(Source, NMB Website)
For more information read
http://www.ippmedia.com/ipp/guardian/2008/05/26/115169.html .
Only Tanzanian citizens and Tanzanian owned institutions are allowed to bid for shares during the IPO. The aim is to enable Tanzania to take ownership of private companies that were previously stated owned. Once the stock gets listed on the DSE then it is fair game for everyone.
It is sad that most Tanzanians are still in the limbo in regards to the NMB shares. THe NMB IPO has been talked about for a while, but it was not common knowledge to most Tanzanians; even those working in the financial sector, while our neighbors in Kenya were already talking about obtaining these shares as early as May, 2007. Just read
For more information read
http://www.ippmedia.com/ipp/
Only Tanzanian citizens and Tanzanian owned institutions are allowed to bid for shares during the IPO. The aim is to enable Tanzania to take ownership of private companies that were previously stated owned. Once the stock gets listed on the DSE then it is fair game for everyone.
It is sad that most Tanzanians are still in the limbo in regards to the NMB shares. THe NMB IPO has been talked about for a while, but it was not common knowledge to most Tanzanians; even those working in the financial sector, while our neighbors in Kenya were already talking about obtaining these shares as early as May, 2007. Just read
It is high time Tanzanians became more informed about such important things in our country's development and economy, and show we can compete in the EAC. Our Kenyan friends have even gone as far as mocking us and accuse us of xenophobia because of the restrictions imposed on the IPO. So let us make full use of this opportunity; disseminate this information widely!!
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Peter S. Nalitolela,
AMINSS Graduate Program,
Trent University,
Peterborough, Ontario,
Canada K9J7B8
Office #: OCA - P4
PHONE: +1-705-748 1011 EXT 6453
CELL: +1-705-313 0014
FAX: +1-705-748 1652 ATTN: Peter
web: http://www.people.trentu.ca/peternalitolela/
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Peter S. Nalitolela,
AMINSS Graduate Program,
Trent University,
Peterborough, Ontario,
Canada K9J7B8
Office #: OCA - P4
PHONE: +1-705-748 1011 EXT 6453
CELL: +1-705-313 0014
FAX: +1-705-748 1652 ATTN: Peter
web: http://www.people.trentu.ca/
Thank you Mbunge wa Tegeta for posting this
ReplyDeleteI should point out though, it was not my intention to imply that we should buy only because Kenyans are interested or because they are mocking us. What I meant is that, people should know about this thing, they should be thoroughly informed and be in a position to make a decision as to whether they should invest or not. In a post preceding this one, titled How to Price Shares we discuss a few points about the kind of analysis a prospective investor should do before they decide to partake in such a venture
Remember stocks zinapanda na kushuka hivyo b4 hamjahamasisha watu jaribuni kuwa elimisha japo kwa kifupi faida na hasara.Mimi hujihusisha sana na stocks hapa ninapoishi nimefaidika na nimepata hasara ndiyo game yenyewe.Ukiwa na bahati uafanikiwa BIG TIME na stocks zikiporomoka umekwenda na maji,Sina mengi nawatakieni kila la kheri.
ReplyDeleteNyang'au watatuchinja hii East Africa ikiwa nchi moja, na bado Wazenji watataka kuitwa dunia, shauri yenu.
ReplyDelete