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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Ramifications of the skewed representation?<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Kind Regards,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Edwin <o:p></o:p></span></p></div><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> kictanet [mailto:kictanet-bounces+eonchari=lynxbits.com@lists.kictanet.or.ke] <b>On Behalf Of </b>Grace Githaiga<br><b>Sent:</b> Thursday, November 08, 2012 10:33 PM<br><b>To:</b> Edwin<br><b>Cc:</b> KICTAnet ICT Policy Discussions<br><b>Subject:</b> [kictanet] Vodafone takes home Sh1bn of M-Pesa revenue<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><div><div><p class=MsoNormal style='margin-bottom:3.75pt;line-height:18.0pt'><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:#333333;text-transform:uppercase'>IN SUMMARY<o:p></o:p></span></b></p><div><p class=MsoNormal style='margin-left:.25in;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='font-size:10.0pt;font-family:Symbol;color:#444444'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-size:8.5pt;font-family:"Tahoma","sans-serif";color:#444444'>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.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.25in;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='font-size:10.0pt;font-family:Symbol;color:#444444'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-size:8.5pt;font-family:"Tahoma","sans-serif";color:#444444'>The government has three seats in the board represented by Esther Koimett (the Investment Secretary at Treasury), Susan Mudhune and Nicholas Nganga (chairman).<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.25in;text-indent:-.25in;line-height:18.0pt;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='font-size:10.0pt;font-family:Symbol;color:#444444'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><span style='font-size:8.5pt;font-family:"Tahoma","sans-serif";color:#444444'>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.<o:p></o:p></span></p></div></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'><a href="http://www.businessdailyafrica.com/Corporate+News/Vodafone+takes+home+Sh1bn+of+M+Pesa+revenue+/-/539550/1615422/-/2d3k5h/-/index.html">http://www.businessdailyafrica.com/Corporate+News/Vodafone+takes+home+Sh1bn+of+M+Pesa+revenue+/-/539550/1615422/-/2d3k5h/-/index.html</a><o:p></o:p></span></p></div></div></div></body></html>