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Articles tagged with: Mobitelea and Vodafone Group
Safaricom Full-Year Profits Drop 23%
Kenya's Safaricom has seen a twenty-three percent fall in its full year profits to Kshs 10.54 billion (US$136 million), from Kshs 13.85 billion (US$179 million) in the last fiscal year. The company said that the drop was due to increased depreciation in line with the increased capital investment. Revenues however were up by 14.8% to Kshs 70.5 billion (US$910 million). more
Related Tags: safaricom, vodafone-kenya, Kenya
Kenyan MPs Call For Delay in Safaricom Privatisation
Opposition MPs in Kenya's new unitary government have called for the Safaricom sale to be postponed pending a review of the valuation of the company and its shareholders. ODM secretary general Anyang' Nyong'o said the sale should be delayed because of numerous questions regarding the firm's ownership and to comply with a privatisation law enacted in 2005. more
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