As The Economist went to press, about half the outstanding debt had been exchanged, retail investors were queuing to hand over more and some big institutional investors planned to follow suit on the last day.
And a public offering of 25% of the firm a stake that belongs to the government is expected to raise at least $800m, much of it from retail investors who queued up to buy the firm's shares, which will begin trading on June 9th.Mr Joseph arrived in Kenya in 2000 having spent a freezing winter in Hungary, where he had set up that country's third mobile-phone network.
With the arrival of the iPhone outshining the Harrods Boxing Day extravaganza as one of the most reported events of the retail calendar, the annual queue is also an opportunity for marketing and money-making.
Retail investors have been queueing up to buy property in Dubai for three reasons.
Other applications include stacked aircraft waiting to land, ticket reservation for trains and flights and queues of retail shoppers who may leave a long waiting line hoping to return later when the line may be shorter.
In cities like London and San Francisco, excited "Call of Duty" fans queued up at retail stores at midnight launch events.
We demonstrate an application of our model to location of retail stores operating as an M/M/1/K queue and show the joint concavity of a store's profit.
Large queues were reported outside retail centres from Edinburgh to Kingston in south London as buyers finished their Christmas shopping, stocked the kitchen cupboards, or, for the less organised, made a late start on their list of festive presents.
London Heathrow Airport: Despite agonizing queues, Heathrow has inspiring retail therapy.
High-end retailers "don't have to do anything desperate — it's kind of hard to see a 5 a.m. queue outside of a Fifth Avenue luxury retailer," said Chris Donnelly, a senior executive in Accenture's retail practice.
