Tanzania: MaxMalipo IPO Plans in Advanced Stages

A leading electronic payment solutions provider, Maxcom Africa, bid to go public has reached an advanced stage and its public offer is expected in this year.

Maxcom, trading as MaxMalipo, filed its prospectus early March to Capital Markets and Securities Authority (CMSA). Yesterday, during the launch of the Maxcom Board of Directors, the new board chair Prof Samwel Wangwe said the IPO application has reached a good stage.

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