Legend Internet debuts on NGX, seeks ₦150 billion for fibre rollout
Legend Internet Plc listed on the Nigerian Exchange Group, gaining nearly 10% on its first day of trading. The company announced plans to raise ₦150 billion ($92.72 million) in debt and equity for expansion.
Ethiopia excludes diaspora and foreign investors from historic Ethio Telecom IPO
Ethiopia prohibits foreign and diaspora investors from Ethio Telecom's IPO. The Ethiopian Securities Exchange (ESX) is set to launch later this month.
Ethiopia Excludes Diaspora and Foreign Investors from Landmark IPO
Ethiopia's first-ever public offering (IPO) of Ethio Telecom excludes diaspora and foreign nationals. The government aims to generate $255 million by selling a 10% stake in Ethio Telecom.
Ethiopia bars diaspora and foreign investors from first-ever IPO
Ethiopia excludes diaspora and foreign nationals from Ethio Telecom IPO. The IPO aims to raise $255 million by selling 10% of Ethio Telecom.
Nigeria’s stock exchange buys stake in Ethiopia’s first-ever bourse
The Nigerian Exchange Group (NGX) has acquired a stake in Ethiopia's first-ever securities exchange. The Ethiopian government will hold a 25% stake in the ESX, while private and institutional investors will hold a 75% stake.
