[kictanet] Calling Rates - Airtel to de-list Celtel

[Clare Ruto]

Actually it is Zambia they are de-listing in where they hold 75% market
share. They do not own an operation in Zim. 

 

________________________________

From: kictanet-bounces+cruto=safaricom.co.ke at lists.kictanet.or.ke
[mailto:kictanet-bounces+cruto=safaricom.co.ke at lists.kictanet.or.ke] On
Behalf Of Andrea Bohnstedt
Sent: Friday, February 18, 2011 10:20 AM
To: Clare Ruto
Cc: KICTAnet ICT Policy Discussions
Subject: Re: [kictanet] Calling Rates - Airtel to de-list Celtel

 

Not ICT related, but: 

Zim has and had plenty of times for shares, and from way back when I was
still writing about it, I vaguely remember that many people actually put
their money in shares because interest rates were negative thanks to the
country's hyperinflation. 

Here's a brief overview of the ZSE performance in the past two years.
Not fantastic, but by no means a basket case either:
http://www.africancapitalmarketsnews.com/836/whats-up-on-zimbabwe-stock-
exchange/

Dollarisation had the interesting impact that it uncovered
inefficiencies in management, and also rendered a couple of company
holdings done purely for cash/forex management purposes ineffective,
leading to some corporate unbundling:
http://blog.imarainvestor.com/2009/12/dollarisation-and-case-for-unbundl
ing.html

On 18 February 2011 09:30, waudo siganga <emailsignet at mailcan.com>
wrote:

Hi Robert - I wonder if Zimbabweans can afford shares. Right now they
have no currency and they are using green bucks. The Zimbabwe dollar
became so useless that to buy a tomato one needed trillions. It was said
that one had to carry money on a wheelburrow and upon coming across
robbers one would throw the money away and run off with the wheelburrow
because it was more valuable. These guys have no time for shares man!

Waudo

On Fri, 18 Feb 2011 05:20 +0000, "robert yawe" <robertyawe at yahoo.co.uk>
wrote:

	 

	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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