Jump to navigation

Vol 48 No 21

Published 19th October 2007


Kenya

Wait while we connect you

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.

End of preview - This article contains approximately 943 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.