The firm, operating in Tanzania, Rwanda and Burundi, filed the prospectus with CMSA a week ago conforming with Electronic and Postal Communication Act of 2010 and the Finance Act 2016.
CMSA Principal Public Relation Officer Charles Shirima told the ‘Daily News’ that they were working on Max- Malipo’s prospectus and the public would be notified of the results soon. “At the moment we are working on the prospectus which we received about a week ago, other information are confidential until the document is approved,” he said.
Maxcom Managing Director JumaRajabu could not be reached for comments. Going by the new telecoms law, MaxMalipo which falls under is required to offload 25 per cent stake. However, neither the size of the IPO nor the price per share is known.
The list of telecom stipulated by the Act has over 50 firms under different categories, with the main ones being seven mobile network operators - Vodacom, Tigo, Airtel, Smart, Zantel, TTCL and Halotel. Since inception in 2008, MaxMalipo has undertaken innovative restructuring processes in the management of secure, effective and efficient payment and financial channels.
The firm owns and manages a superior agency network and a nationwide payment gateway platform that benefit the public at large, government parastatals and corporate companies.
MaxMalipo is also Bank of Tanzania approved agency banking in the country—currently working with CRDB Bank, DCB Bank, NMB and Advans Bank.
Its extensive footprint has provided people with easy access to payment and financial services and complemented clients’ service delivery initiatives. MaxMalipo is currently focused on expansion by opening new operations and service delivery synergies in Kenya, Uganda, Zambia, Malawi and Ghana.
DailyNews
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