[kictanet] Vodafone takes home Sh1bn of M-Pesa revenue

[John Kieti]

People,

Its quite an old problem here. Its not about number of GOK board seats. Its
not even about brand (trademark) ownership. Its about who's interest the
CEO was serving when the deal was being decided hence apparent IP/licence
ownership and renenue share anomaly.

It boils down to who signs the CEO's "substantive contract" hence where
ultimate allegiance lies when the nominating entity has vested economic
interest in a negotiation (if not a simple executive decision).

Govt. Board members can derive consolation from fact that "Vodaphone's
mpesa deployment" in Kenya has had much positive impact to the local
economy (researchers please quantify!). Also discount the cost of Germany
based infrastructure related downtimes. Only other question would be "what
could that sh1b+ every year have done on mobile infrastracture development
if it was not being repatriated in that fashion?

I may be very wrong but thats my 20 cents.

Rgds
On Nov 9, 2012 12:53 PM, "Kivuva" <Kivuva at transworldafrica.com> wrote:

>
>
> On 9 November 2012 00:56, Edwin Onchari <eonchari at lynxbits.com> wrote:
>
>> Ramifications of the skewed representation?****
>>
>> **
>>
>
> Not really Edwin, Vodafone owns the MPESA brand, and its a majority share
> holder at Safaricom.
>
>
>
>> **
>>
>> Kind Regards,****
>>
>> Edwin ****
>>
>> *From:* kictanet [mailto:kictanet-bounces+eonchari=
>> lynxbits.com at lists.kictanet.or.ke] *On Behalf Of *Grace Githaiga
>> *Sent:* Thursday, November 08, 2012 10:33 PM
>> *To:* Edwin
>> *Cc:* KICTAnet ICT Policy Discussions
>> *Subject:* [kictanet] Vodafone takes home Sh1bn of M-Pesa revenue****
>>
>> ** **
>>
>> *IN SUMMARY*
>>
>> **·         **At the board level, the number of Vodafone representatives
>> has increased from three in 2008 when it had Michael Joseph as CEO and
>> directors Collymore and Gavin Darby, to five, giving the UK firm a critical
>> muscle in Safaricom.****
>>
>> **·         **The government has three seats in the board represented by
>> Esther Koimett (the Investment Secretary at Treasury), Susan Mudhune and
>> Nicholas Nganga (chairman).****
>>
>> **·         **Vodafone is represented by Mr Collymore, Timothy Harrabin,
>> Karen Witts, Nicholas Read and former Safaricom CEO Michael Joseph,
>> currently director of mobile money at Vodafone.****
>>
>>
>> http://www.businessdailyafrica.com/Corporate+News/Vodafone+takes+home+Sh1bn+of+M+Pesa+revenue+/-/539550/1615422/-/2d3k5h/-/index.html
>> ****
>>
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> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
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