Johannesburg debut for Adcock Ingram

August 27, 2008 12:00 am

South Africa’s second largest pharmaceutical company Adcock Ingram this week debuted on the Johannesburg stock market after being spun off from consumer goods group Tiger Brands. Meanwhile, new shares in Kenya Commercial Bank started trading on Monday in Nairobi after the bank’s successful rights issue closed last month. In the deal KCB had expanded its share capital by Sh5.5bn ($83m) for its planned expansion in East Africa. Turn to EuroWeek on Friday for more on Africa’s equity market.

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