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JF-Expert Member
- Apr 17, 2014
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YETU Microfinance has launched an initial Public Offer(IPO) to raise 12.5bn as seed capital through sale of shares, thus making it set to be the first microfinance institution to list on the DSE
YETU's MD,Mr. Altemius Millinga, said in dar es salaam that over 70% of its customers are women and youth, in the quest to support the governments effort to create jobs through self employment
"With the IPO launch, the stock market investors and public in general will certainly be interested to know whether is going to be a good investement or not. For example in 2012, it made a profit of 500m/-, 1bn/- in 2013.
The shares offer for sale are 25,193,213 that will sold at price of 500/-
YETU's MD,Mr. Altemius Millinga, said in dar es salaam that over 70% of its customers are women and youth, in the quest to support the governments effort to create jobs through self employment
"With the IPO launch, the stock market investors and public in general will certainly be interested to know whether is going to be a good investement or not. For example in 2012, it made a profit of 500m/-, 1bn/- in 2013.
The shares offer for sale are 25,193,213 that will sold at price of 500/-
