On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Shares in Burkinabe telecoms operator Onatel have been listed on the West Africa regional BRVM bourse for the first time, Reuters has reported. The government of Burkina Faso raised CFA29 billion (USD61 million) earlier this year from the sale of a 20% stake in the company through an initial public offering (IPO) launched in December 2008. The company’s privatisation began in 2006 when the government sold a 51% stake to Maroc Telecom.