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The Business of Financial Technology in Tanzania

Friday July 21 2017

 

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Initial Public Offerings in Tanzania

Friday June 2 2017

Vodacom Tanzania recently issued an IPO, one of the largest IPOs in Tanzania. With all this talk we hear on radio and TV do we know what an IPO means or how it works in Tanzania?, IPO is an abbreviation of Initial Public Offering.

An Initial Public Offering is a type of public offering in which shares of a company are sold to the general public on a securities exchange for the first time. This is also known as ’going public’. In Tanzania the IPO process is governed and regulated by the Capital Markets Securities Authority (CMSA).

After an IPO, the subscribed and issued shares can be traded in secondary markets which deal with the buying and selling of shares. The Dar-es-salaam Stock Exchange (DSE) is a secondary market. An IPO has three key players - the Lead Transaction Advisor (LTA), Capital Market Securities Authority (CMSA) and Dar es Salaam Stock Exchange (DSE).

Tanzania works was able to get expert views and insights about the CMSA and IPOs from Kamanga Kapinga, the legal advisor at brokerage company - Vervet Global.

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Wednesday May 31 2017