18 Feb
2011
18 Feb
'11
8:20 a.m.
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