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Ciplaquality Chemical Industries Goes Public, Floats 600m Shares To Ugandans

Cipla Quality Chemical Industries Limited (CiplaQCIL),  a pharmaceutical manufacturing company in Uganda has announced its Initial Public Offer (IPO) by floating a total of 657,179,319 shares on to the Uganda Securities Exchange (USE).   The total shares floated represent 18% of all the shares owned by the company. Cipla Ltd, the Indian

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Kwese TV Tycoon’s Company Seeks U.K. Listing With Shs29 Trillion Value

African telecommunications group Econet is considering selling shares on the London Stock Exchange at a valuation of about $8 billion (UShs29.1 Trillion) next year after combining new and existing assets, according to people familiar with the matter, reports Bloomberg. That valuation would be based on an enlarged company, partly forged through the

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Investors Lose Shs388bn As Kenya Political Uncertainty Mounts

Nairobi Securities Exchange (NSE) investors yesterday lost KSh11.44 billion (over UShs388bn) as the cloud of political uncertainty that has persisted since the September 1 nullification of the presidential election intensified with news that electoral agency commissioner Roselyn Akombe had resigned and fled the country, reports the Daily Nation. Dr Akombe’s decision to

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