Saturday, April 09, 2005

Celtel Update

According to this article (subscribers only) in the Economist:
- Celtel is still not profitable in East Africa (Kenya, Uganda and Tanzania)
- Even after earning about $700 million after selling the company this month, Celtel founder Mohamed Ibrahim will still be in charge of African operations
- Ibrahim relations with in Kenya are not as good these days
- Meanwhile Celtel Kenya emploees are salivating over the $18m award to staff from the sale. They have calculated that, if awarded evenly, they will all receive at least 200,000 shillings.

1 comment:

Afromusing said...

great info, much appreciated.


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