<p>People,</p>
<p>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.</p>
<p>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).</p>
<p>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? </p>
<p>I may be very wrong but thats my 20 cents.</p>
<p>Rgds</p>
<div class="gmail_quote">On Nov 9, 2012 12:53 PM, "Kivuva" <<a href="mailto:Kivuva@transworldafrica.com">Kivuva@transworldafrica.com</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<br><br><div class="gmail_quote">On 9 November 2012 00:56, Edwin Onchari <span dir="ltr"><<a href="mailto:eonchari@lynxbits.com" target="_blank">eonchari@lynxbits.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div link="blue" vlink="purple" lang="EN-US"><div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">Ramifications of the skewed representation?<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d"><u></u>�</span></p></div></div></blockquote><div>�</div><div>Not really Edwin, Vodafone owns the MPESA brand, and its a majority share holder at Safaricom.<br>
<br>�<br></div><blockquote class="gmail_quote" style="margin:0pt 0pt 0pt 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div link="blue" vlink="purple" lang="EN-US"><div><p class="MsoNormal"><span style="font-size:11pt;font-family:"Calibri","sans-serif";color:rgb(31,73,125)"><u></u></span></p>
<div><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">Kind Regards,<u></u><u></u></span></p><p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">Edwin <u></u><u></u></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:<a href="mailto:kictanet-bounces%2Beonchari" target="_blank">kictanet-bounces+eonchari</a>=<a href="mailto:lynxbits.com@lists.kictanet.or.ke" target="_blank">lynxbits.com@lists.kictanet.or.ke</a>] <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<u></u><u></u></span></p></div>
</div>
<div><div><p class="MsoNormal"><u></u>�<u></u></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<u></u><u></u></span></b></p>
<div><p class="MsoNormal" style="margin-left:.25in;line-height:18.0pt"><u></u><span style="font-size:10.0pt;font-family:Symbol;color:#444444"><span>�<span style="font:7.0pt "Times New Roman"">�������� </span></span></span><u></u><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.<u></u><u></u></span></p>
<p class="MsoNormal" style="margin-left:.25in;line-height:18.0pt"><u></u><span style="font-size:10.0pt;font-family:Symbol;color:#444444"><span>�<span style="font:7.0pt "Times New Roman"">�������� </span></span></span><u></u><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).<u></u><u></u></span></p>
<p class="MsoNormal" style="margin-left:.25in;line-height:18.0pt"><u></u><span style="font-size:10.0pt;font-family:Symbol;color:#444444"><span>�<span style="font:7.0pt "Times New Roman"">�������� </span></span></span><u></u><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.<u></u><u></u></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" target="_blank">http://www.businessdailyafrica.com/Corporate+News/Vodafone+takes+home+Sh1bn+of+M+Pesa+revenue+/-/539550/1615422/-/2d3k5h/-/index.html</a><u></u><u></u></span></p>
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