Bankele · October, 2007

Latest posts by Bankele from October, 2007

Kenyan Bloggers on Safaricom mystery

Mobile phone company Safaricom has risen to become Kenya's largest company with profits of 17 billion shillings (about $250 million in 2006). However, it has been plagued by a mysterious shareholding matter – as the company which was officially declared and to be a partnership between the national landline operator Telkom Kenya (with 60%) and Vodafone - UK (with 40%) has now been found to have a third shareholder – through an unregistered company known as Mobitelea, which owns 5% of the shares.

8 October 2007