[kictanet] Calling Rates - Airtel to de-list Celtel
robert yawe
robertyawe at yahoo.co.uk
Fri Feb 18 08:20:47 EAT 2011
Airtel are in the process of having Celtel Zimbabwe de-listed from the Zimbabwe
stock exchange, this might not seem like much but in reality it is a reflection
of Airtels profit sharing strategy.
The effect of this action is that the common Zimbabweans will not benefit from
the profits of the company even though they will have been generated locally.
Instead the government of Mugabe will receive large volumes of money through
corporate tax.
Lets appreciate the fact that Safaricom at least allows us to share in their
profits through dividend as shareholders.
Regards
Robert Yawe
KAY System Technologies Ltd
Phoenix House, 6th Floor
P O Box 55806 Nairobi, 00200
Kenya
Tel: +254722511225, +254202010696
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