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|