ONLY seven Tanzanians managed to purchase the African Barrick Gold (ABG)’s shares floated on London Stock Exchange (LSE) during the recent Initial Public Offering (IPO).
Out of seven, three are individual investors and four were companies owned by Tanzanians. There were no public companies, Municipal Councils or pension funds that managed to seize the opportunity.
See http://allafrica.com/stories/201003230479.html.