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 9 November 2012 00:56, Edwin Onchari <eonchari@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@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.
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