Wednesday, October 31, 2007

Safaricom chief wants IPO held next year


Safaricom Limited wants the Government to postpone the sale of its stake at the mobile company until the General Election is concluded.

The mobile firm says that the initial public offer (IPO) was being affected by the political shenanigans between the Government and ODM, a political party led by former Cabinet minister Mr Raila Odinga.

Speaking for the first time about the political heat that the firm’s IPO has raised, the Chief Executive Officer, Mr Michael Joseph, said the deal should be postponed "to avoid the company being used as a political game-ball by politicians".

Read the full story from this link.. . . .

No comments: