Bankele · October, 2007

Latest posts by Bankele from October, 2007

Kenyan Bloggers on Safaricom mystery

  8 October 2007

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.