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Continuing public concern over safaricom IPO

by on May 16, 2011

  • 1,659 views

YOU KNOW THAT...

YOU KNOW THAT
Beginning March 28, 2008, the Government will sell off 25% of its stake in Safaricom through an Initial Public
Offer (IPO).
BUT DO YOU KNOW …?
Big questions hang over the transparency and accountability of dealings involving the Vodafone Group
PLC, its local subsidiary Vodafone Kenya Ltd, the then Board of Telkom Kenya and a shadowy company
called Mobitelea. The Government has ignored recommendations of the parliamentary Public Investments
Committee, which only last year spoke of “apparent grand corruption” orchestrated by Vodafone Kenya Ltd
in giving away 10 per cent of Safaricom’s shareholding to Mobitelea.

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Continuing public concern over safaricom IPO Continuing public concern over safaricom IPO Document Transcript