IPOs

CEC
Copperbelt Energy company is expected to be on the market early January with a minimum of 2500 shares being minimum required valued at ZWK 1m . CEC listing comes on the back ground of an aggressive government citizens economic empowerment . The listing is expected on the 14th of January 2008. Copperbelt is Zambia 's economic main stay this IPO is likely to be well received by the market. The Zambian market is also short of active stocks as most equities are tightly held . This IPO is likely to be over subscribed as confidence in the Zambian economy is improving and makes a good buy

FCMB
The FCMB offer opened at the end of October and is expected to close by the end of November. The financial services sector in Nigeria is undergoing a major reform and restructuring exercise which is bringing in the much needed capital to enable banks generally to expand operations and develop much needed product diversity and credit. A number of banks in the past few months have gone public to improve on their capital base and Zenith , already listed is expected soon to raise more capital through the stock market to augment market leadership in terms of market capitalisation.

SafaricomThe Kenyan government has a significant stake in Safaricom and has been tossing with the idea of offloading its shareholding. The listing of Safaricom has been marred with a lot of political controversy as the sale of the government stake is expected to generate a lot of money for the government. Despite all the controversy the listing of Safaricom is a much awaited development in an industry which has been kept away from the public and undisputably one of the most profitable industries in Africa with phenomenal returns and growth potential. Safaricom enjoys an udisputed market leadership position in Kenya and telecoms stocks will attract significant international interest.