The Akamai Global Money Page

The shares of Stanbic Bank Uganda begun trading on the Uganda Securities Exchange today, 25/1/2007. From the IPO price of Shs 70 per share, the highest price on the market was Shs 205, which just fell shy of 3 times the issue price. The challenge many brokers had was the wide spread between buying and selling prices. Most buyers wanted the stock at about Shs 150 while sellers wanted Shs 250. If the price of Shs 205 is maintained then more deals are likely to follow next week when the exchange reopens for trading.

The Stanbic Bank shares begin trading on the Uganda Securities Exchange on January 25, 2007. The Stanbic IPO that closed on December 22, 2006 was 200% oversubscribed, according to MBEA the lead brokers. The allotment for various categories where as follows: Individual Ugandan investors offered all shares applied for upto UGX 150 million. Other investors including foreign individuals and institutional investors offered up to UGX 7.6m of all shares applied for. The allotment of shares has been completed and below is a summary position. No. of applications received 37,449 No. of shares applied for 3,000,000,000 Value of shares applied for UGX. 211,000,000,000 Level of oversubscription (subscription) 200% (300%) No. of Ugandan individual applicants 15,488 No. of Ugandan institutional applicants 407 No. of foreign individual applicants 20,091 No. of foreign institutional investors 1,463

Beyond Dreams & Aspirations AKAMAI UGANDA presents a practical seminar that will help you identify and achieve your dreams and aspirations for the year 2007. Date: February 3, 2007 Time: 9 am – 12:00 noon Venue: Grand Imperial Hotel, Kampala Fee: U Shs 20, 000 Discount for group payment for 10+ Booking: akamai.uganda@gmail.com or Tel. 256751516118/712472109 It's that time of the year when you are reflecting on 2006, wondering how much or little you have achieved. You probably made New Year resolutions in 2006 and many were abandoned before the first quarter was done. You are now wondering what 2007 holds and maybe don't want to make any other resolutions, just in case you fail yet again. The seminar will answer questions like: # What is the difference between a person who achieves their goals and one who doesn't? # What practical steps can I take to be successful in 2007 and beyond? # How can I be...