KenCall, a Kenyan call center company, is planning an initial public offering (IPO) on the Nairobi Stock Exchange (NSE) or the London Stock Exchange (LSE) in 2011 to expand its operations in Africa.
KenCall plans to triple sales during the next 18 months, while costs are expected to decline as it switches from satellite connections to cheaper and more reliable fiber-optic cables, Chief Executive Officer Nicholas Nesbitt said today in Nairobi.
“We want to become the pre-dominant player in sub-Saharan Africa and then go global,” Nicholas Nesbitt said. The company aims to generate sales of $10 million this year, Nesbitt said. Read the rest of this entry »
