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Citibank on Friday denied claims by a brokers" lobby that final reconciliation for the 2008 Safaricom IPO accounts is yet to be done. The bank, which headed a consortium of receiving financial institutions, said the process was completed in February last year, when the last stockbroker signed the certification form.The ...
Read Story at Daily Nation (2010-03-13)
Citibank NA, the lead-receiving bank during the Safaricom IPO, is once again under siege over its delayed completion of the reconciliation process with the Authorised Central Depository Agents (CDAs).A special audit report by the Controller and Auditor General on Safaricom IPO has faulted the manner in which the bank handled ...
Read Story at The Standard (2010-03-03)
Citibank N.A., the Safaricom IPO lead receiving bank, has absolved itself from blame over the financial woes facing brokerage firms saying the bank does not owe them any money.The bank said its reconciliation with all the selling agents, including payment of their commissions by the Government were completed by February ...
Read Story at The Standard (2010-03-15)
Safaricom IPO launched amid fear Published on March 28, 2008, 12:00 am By David Ohito President Kibaki’s and ODM leader, Mr Raila Odinga’s newfound friendship will be tested on Friday as the biggest-ever share IPO in Kenya and the region begins. The President will be at KICC Nairobi ...
Read Story at The Standard (2008-03-28)
CalBank, whose Initial Public Offer (IPO) was oversubscribed by 450% is to refund ˘240.45 billion to unsuccessful shareholders through Data Bank, its brokers. The refund which is being done through its receiving banks and brokers, Cal Bank, SG-SSB Bank, EBG Stockbrokers, Strategic African Securities, NTHC and Merban Stockbroker, accrues ...
Read Story at The Ghanian Chronicle (2004-11-24)
News Update Safaricom IPO date, price set Published on March 14, 2008, 12:00 am By Standard Reporter The much-awaited Safaricom Initial Public Offer will be open to the public on March 28, Finance Minister Amos Kimunya has said. The government will offload its 25 percent stake in ...
Read Story at The Standard (2008-03-16)
News Update Safaricom IPO date, price set Published on March 14, 2008, 12:00 am By Standard Reporter The much-awaited Safaricom Initial Public Offer will be open to the public on March 28, Finance Minister Amos Kimunya has said. The government will offload its 25 percent stake in ...
Read Story at The Standard (2008-03-15)
News Update Safaricom IPO date, price set Published on March 14, 2008, 12:00 am By Standard Reporter The much-awaited Safaricom Initial Public Offer will be open to the public on March 28, Finance Minister Amos Kimunya has said. The government will offload its 25 percent stake in ...
Read Story at The Standard (2008-03-15)
Kenya’s biggest ever IPO sale kicks off Published on March 29, 2008, 12:00 am By Abiya Ochola President Kibaki rang the bell to kick-start the grand sale of Safaricom shares through an Initial Public Offer (IPO). But his key ally in the Grand Coalition Government, Prime Minister-designate, Mr ...
Read Story at The Standard (2008-03-29)
Time of reckoning as IPO nears closure Published on April 22, 2008, 12:00 am Time of reckoning as IPO nears closure By Kenneth Kwama Application period for the much-publicised Safaricom Initial Public Offer (IPO) will close tomorrow with expectations that all the 10 billion shares issued by ...
Read Story at The Standard (2008-04-21)
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