The Safaricom Intitial Public Offer will go on as planned even as calls by the Orange Democratic Movement to have it postponed gather pace. The government unveiled the privatization commission today saying the IPO will kick off this Friday. Investment secretary Esther Koimett says they expect no legal barrier in the IPO. Koimett added that due process was followed and there is no reason that will lead to the cancellation or postponement of the IPO. Earlier, ODM called for the postponement of the IPO until a new cabinet is instituted to check what they termed as discrepancies in the offer.At the same time the Finance minister Amos Kimunya maintains that the Safaricom Initial Public Offer will go on as planned. Kimunya says the Safaricom shares have been priced fairly and dismissed the comments made by ODM secretary General Anyang’ Nyong’o on the impending sale of Safaricom shares. Kimunya says that he consulted ODM leader Raila Odinga who has since endorsed the sale of the shares. ODM raised concern over the IPO calling for the postponement of the sale to allow thorough checking if indeed it was done fairly. ENDS…………..SILVANOH CHUMBA
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