MERGERS, ACQUISITIONS AND FINANCIAL RESULTS

On The Money - In Brief

- Mobile telephone operator Safaricom’s shares went below the Ksh5 price at which it sold during the initial public offering in May. The share price closed at an average of Ksh5.15 after hitting the Ksh4.95 mark for some deals in a market characterised by a bear run.

- Gateway Communications has opened a Central African regional office in Cameroon.

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