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IPO Fever Shows Kenya is Recovering

Thousands line up to buy into delayed Safaricom offering

By Kevin Spak,  Newser Staff

Posted Apr 15, 2008 1:24 PM CDT

(Newser) – When Safaricom, Kenyan’s partially state-owned cellular giant, went public, Kenyans lined up by the thousands to buy in—a generally good sign for a country recently wracked by paralyzing ethnic violence, the Wall Street Journal reports. Safaricom’s IPO itself had been delayed by...   Read full story »

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