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The privatisation of East Africa’s biggest cellphone company unveils a political and corporate scandal

The government desperately wants to sell a 25% stake of Safaricom, its joint venture with Britain's Vodafone on the Nairobi Stock Exchange, before this year's elections. President Mwai Kibaki's supporters believe the sale - it will be East and Central Africa's biggest Initial Public Offering (IPO) - will create a pre-election feel-good factor, at least among Kenya's share-owning middle classes. It will also send cash sluicing into government coffers in the run-up to the elections....

(This article contains approximately 943 words)

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Keywords:

Britain, Mwai Kibaki, Daniel arap Moi, Nicholas Kipyator Biwott, Gideon Moi, Michael Joseph, Walter Hoogstraate, Dutch, Jimna Mbaru, Esther Koimett, Mbona mnamwaga mchanga kwa chakula changu