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LOGO YETU PLC

PRESS RELEASE

Yetu Microfinance PLC which is a transformation of Youth Self Employment Foundation YOSEFO) is pleased to announce that it has secured an approval of the Capital Markets and Securities Authority  to raise capital of TZS 12.5 billion by the way of IPO.

Yetu Microfinance PLC is a microfinance institution with six branches; Mzizima and Mbagala (Dares Salaam), Ifakara and Mngeta (Morogoro region), Zanzibar and Kilwa.

Shares expected after the IPO 36,972,249
Shares offered for sale 25,193,213
IPO Price per shares Tzs 500 each
Offer Opens 18th June, 2015
Offer Closes Thursday, 30thJuly, 2015
Expected listing Date Monday 17th August, 2015