National Insurance Corporation Limited (NIC) Offer for Sale of 161,552,000 Shares to the public opened in Kampala on Thursday 31 December, 2009.

The Offer Period will run for five (5) weeks closing on Friday 05 February 2010. The key dates are as follows:

1. Thurs. 31-Dec.’09 – Opening of Offer Period;
2. Fri. 05-Feb.’10 – Closing of Offer Period;
3. Tues. 09-Mar.’10 – Announcement of Basis of Allotment Criteria and IPO Results;
4. Thurs. 18-Mar.’10 – Dispatch of Share Certificates;
5. Thurs. 25-Mar.’10 – Listing and Commencement of trading of NIC shares on the Uganda Securities Exchange (USE).

You can find the IPO Prospectus at http://www.mbea.net/

Is the USE liquid again to make this viable?

You're quite right. It's not worth it. I was a little disappointed with its market share as well.

Does anyone know which broker in Kenya is offering these shares?any assistance will be appreciated

thanks.....dyer and blair insists on a minimum investment of KES.1 million though.....