Let's put aside the goverment divestitures & move to the real driver behind the economy, the Private Sector. As seen with the recent ultra-successful ScanGroup IPO that the principals behind many Private Firms see the NSE as a way to "exit" or "cash in" their success.
The rumour mill has been active over the past 2 years about new listings from the Private Sector since the Bull Run started.
Let's examine some of these - Please send me more info to expand on the different firms.
CAUTION: These are NOT all facts but rumours.... nevertheless, where there is smoke, there may be fire!
- Chemicals especially active in the agricultural sector
- The firm has been adversely mentioned in the Kenya Ports Authority saga where it acted as the middleman for a loan.
- Esther Passaris owned/controlled.
- It is the largest outdoor advertising firm in Kenya & is instrumental in placing road name signs all over Nairobi.
- Rumoured to be in a deal that would make it a subsidiary of ScanGroup.
- Owned by the Alibhai Shariff group
- Currently owned by co-operatives
- Has a wide reach & good name amongst the rural folk
- Non-performing loans could be a major problem
- Merali controlled
- Perrenial contender but facing declining sales & profits due to competition
- Family controlled with various members in key management positions across the globe. A true Kenyan multinational.
- Kenya - includes Mabati Rolling Mills Ltd, Galsheet Kenya Ltd, Booth ManufactAfrica Ltd, and Kaluworks Ltd.
- Uganda - Uganda Baati Ltd
- Tanzania - Aluminium Africa Ltd, Metal Products Ltd and Tanzania Chesemen Ltd
- Other firms include Galsheet, InSteel, Signode, etc
- It has subsidiaries in Jamaica, Canada & UK.
- Unlikely to go public unless they need to coz its easier for them to run a closely held empire. In addition, funds are easy to come by with the Bonds on the NSE & a close relationship with international financiers.
- Supposedly controlled by the Kenyatta & Merali families
- A strong performer in the sector that caters to mid-sized businesses
- High profile CEO - Isaac Awuondo
- It wants to become a pan-african player in the cooking oils & fats industry
- Does it need cash from a IPO? I doubt since they have international sources for the funds e.g. IFC, World Bank, etc
- Facing trouble in Tanzania since it is viewed as a "Kenyan" firm rather than an E.African firm
- It has an impressive portfolio of hotels
- The recent unfortunate death of the CEO on an Ethiopian trip to look for potential investments will slow the process.
- Perhaps Sarova can draw on the success of TPSEA as a public company to list