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,…
Read MoreTanzanian agri-business firm to list on Dar es Salaam Stock Exchange
