Tanzanian agri-business firm to list on Dar es Salaam Stock Exchange

TANZANIA – Tanzanian agri-business company, JATU Plc is set to float shares to the public through Dar es Salaam Stock Exchange (DSE), with the focus of raising a total of Tzs 7.5bn (US$3.2m). The shares will be issued through Initial Public Offering (IPO) where a total of 3 million shares will be floated at a price of Tzs 2,500 (US$1.08) per share, reports Daily News. The company’s general manager, Mr Issa Simbano said the funds raised will be used for expanding the existing business by boosting industrial activities, irrigation schemes,…

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