Date: Fri, 28 Mar 2008 08:38:39 -0700 (PDT)
From: Judy Miriga
Subject: RE: Vodafone’s mystery partner in Kenya – Mobitelea
Odus you started well and stick to your GUN,
THESE are points to be taken into account what pushes the PUBLIC to the WALL.
1. Kibaki has already gone public by floating THE SALE OF SafariCom shares this Friday without clear explaination of questionable circumstances surrounding SAFARICOM SHARES.
2. There is MYSTERY companies involved with buying shares UNKNOWN to the PUBLIC
3. The Parliament supposed to be People’s Watchdog did not seem to have effectively and legislatively dialogue or DEBATEd this MATTER by way of representing WANAINCHI’s interest
4. The BIGGEST shares that which the Government PUT into this BUSINESS is PUBLIC FUNDS A taxpayers money and not an INDIVIDUAL money SOMEONE have no business MEDDLING WITH as an INDIVIDUAL or COLLECTIVE GROUP of PERSONALITIES. This must be CLEAR TO each and every POLITICAL LEADER in KENYA.
PEOPLE MUST BE TOLD AND People want to know, WHO IS BEHIND THIS DEAL. PLEASE Make PUBLIC all core International SHAREHOLDERS or DEALERS if transaction is LEGITIMATE. If FRAUD is the SUBJECT, DILLY DALLYING will not help. Where there is SMOKE there is FIRE – there seem to be some SERIOUS CORRUPTION DEAL taking TOLL with PUBLIC LIFE LINE? Before anyone talks of PATIENTs, know this is CRUCIAL and the matter MUST BE TAKEN with the LEGAL SERIOUSNESS it deserves.
If ARTUR BROTHERS are the SUBJECT principle SHAREHOLDERS of this UNEXPLAINED MYSTERY COMPANY the PUBLIC NEEDS TO KNOW.
Kenyans needs not keep quite when they are being AUTIONED. Hey Folks, wake up and speak.
Where is the Media, PLEASE INVESTIGATE URGENTLY AND LET PEOPLE KNOW. Where is the HUMAN RIGHTS WATCH, cammon this is the time to SPEAK-up. THESE UNSCRUPULOUS BUSINESS DEALERS are WAKKY. People are WONDERING they MIGHT BE selling KENYANS BIRTHRIGHTS. Did you KENYANS give KIBAKI a BLANK CHECK to do at WILL what he WILLS with KENYANs SWEAT?
Can someone ELaborate?
Hey don’t BE HOODWINKED. I agree with all the Folks Odus, Paul Odera, Odhiambo Oketch and others WANTING TO KNOW WHAT LEADERS ARE SAYING OR DOING ABOUT THIS.
Judy
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Joram Odus wrote:
Dear All
Please be patient as we wait for official response from CEO’s office before making further comments on this important matter.
I hope all appreciate the intentions.
Odus
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Dear Madam,
I am delighted that you have discussed with Mr Odus about the mysterious owners of Mobitelea.
It is sad that in this age of transparency, a people can ask for the particulars of such owners, and nobody comes out to calm their fears.
I want to join Odus in demanding the full disclosure of how Mobitelea became a share holder in Safaricom.
The truth that the public knows is that Telcom Kenya is a state corporation, funded by our taxes. When Telcom wanted to go into the mobile industry, they talked with Vodafone, and hence Safaricom. Telkom retained 70% shares, while Vodafone paid for 30%.
How Telkom lost a further 10% has been a consistent pain in the ass, and now that we can reach you, you better shed some light into this.
We cannot allow shadowy figures to reap from the sweat of the tax payer. You at least owe Kenyans an explanation.
Secondly, as the CEO Vodafone, is it professionally feasible to have a retailer advising the transaction, a retailer, an adviser, and at the same time, he is the chairman of the Nairobi Stock Exchange?
Surely, how can Jimnah Mbaru be the chairman of the NSE, the lead transaction adviser, a retailer through Dyer and Blair, and a government spokesman on what the government wants to do with the proceeds?
Does it prick your conscience that Kenyans are being taken for a ride here?
Lastly, did you also read the report from Morgan Stanley, the lead transaction advisers? They advised the public against buying into Safaricom shares because of those multiple conflicts of interests, hence the sure possibility that Safaricom shares will immediately fall due to that professed greed.
Odhiambo T Oketch
Nairobi Kenya
Joram Odus wrote: .
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From: iscwn
Subject: Vodafone’s mystery partner in Kenya – Mobitelea
Date: Fri, 28 Mar 2008 11:58:29 +0000
I refer to our brief telephone conversation this morning and the need to talk to Gavin Darby-CEO of vodafone responsible for Africa operations.
As Kenyan residents and business people living in the UK, we have grave concerns regarding the your chosen partner in respect to shareholding in Kenyan Safaricom and the lack of transparency on behalf of vodafone to come forth with detailed information about the owners of this shadowy partner. To contextualise the issue, Kenya have had serious problems in the past where shadowy companies were involved in fleeing funds to foreign countries. We have the example, of Angelo Leasing where billions of public money was stolen by using fake companies.
As the CEO of the leading mobile operator with strategic investment opportunities in Africa and Kenya in particular, your have both moral and social responsibility to be transparent and not be party to a company whose intentions and ownership is to steal public resources from a third World country like Kenya. We have established that MOBITELEA was registered in Guernsey on the 18 June 1999.
I wait in anticipation
Kind regards
Joram Odus
Chairman-Kenya Forum for Peace & Democracy
LONDON
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Date: Fri, 28 Mar 2008 15:25:16 +0300
From: Andy Amadi
Subject: Re: MOBITELEA IS MYSTERIOUS SHAREHOLDER AT SAFARICOM
Mobitelea on Wikipedia
http://en.wikipedia.org/wiki/Mobitelea_Ventures_Limited
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On 28/03/2008, Joram Odus wrote:
Please see below.
Kenyan inquiry into Vodafone’s mystery partner
– Xan Rice in Nairobi
– The Guardian http://www.guardian.co.uk/theguardian,
– Friday February 16 2007
– Article history
About this article*Close*
This article appeared in the Guardian http://www.guardian.co.uk/theguardian on Friday February 16 2007 http://www.guardian.co.uk/theguardian/2007/feb/16 . It was last updated at 09:39 on February 20 2007.
Vodafone, the world’s leading mobile phone operator, is under investigation in Kenya over its relationship with a Guernsey-registered company that acted as an advisor in east African telecoms.
Kenya’s investment watchdog is trying to ascertain who is behind Mobitelea Ventures Ltd, a shell company that in 2003 was allowed by Vodafone to acquire a 5% stake in Safaricom, the country’s biggest mobile operator. The shares are now worth at least $100m (£51m).
Local MPs, who only learned of Mobitelea in November, want to establish whether its owners include politicians from the former government who may have used their influence to facilitate Vodafone’s original $20m investment in Safaricom in 2000. At that stage, Kenya’s regime had become a byword for corruption, with politicians amassing vast wealth.
Justin Muturi, chairman of the parliamentary Public Investments Committee (PIC), which is investigating the Mobitelea deal, told the Guardian he was concerned about Vodafone’s lack of transparency over its dealings in shares of Safaricom, one of the Kenyan government’s most valued assets.
Vodafone has refused a formal request from the PIC to reveal who owns Mobitelea. Mr Muturi said he would be asking the Serious Fraud Office for assistance.
Mobitelea’s shareholding in Safaricom was revealed in a local newspaper in November 2006. Until then it had been assumed – even by the Kenyan government – that Safaricom remained a 60:40 joint venture between government-owned Telkom and Vodafone.
With Safaricom due to be listed shortly, the PIC launched an inquiry, and asked Vodafone to attend a meeting in the Kenyan capital on January 30.
The invitation was declined but, in a letter to the committee that has been seen by the Guardian, Gavin Darby, Vodafone Group’s chief executive for the Americas, Africa, China and India, stated that Mobitelea was Vodafone’s chosen partner in Kenya.
“When Vodafone makes investments in new territories it is not uncommon that it works alongside a partner who typically gives advice on local business practices and protocol and the various challenges associated with investing in a new market. Vodafone would prefer to be in a position to make a comprehensive disclosure but, having taken legal advice, could be in breach of a duty of confidentiality were it to discuss Mobitelea further.” Documents obtained by the Guardian show Mobitelea was registered in Guernsey on June 18, 1999 – several months after Vodafone had struck a preliminary deal with the Kenyan government.
Mobitelea’s real owners are hidden behind two nominee firms, Guernsey-registered Mercator Nominees Ltd and Mercator Trustees Ltd. The directors are named as Anson Ltd and Cabot Ltd, based in Anguilla and Antigua.
In his letter, Mr Darby said that Mobitelea was allowed to invest in Safaricom “in return for its valued advice”. An investigation by the Guardian shows just how lucrative the opportunity was. In return for its services, Mobitelea was given $5m in cash and a 5% stake in a company that
analysts value at $2bn.
Besides untangling Mobitelea’s ownership structure, Mr Muturi is investigating why the government changed its own rules of telecoms privatization to allow Vodafone to acquire 40% of Safaricom, instead of the 30% limit that had been in place. Without the concession, the Kenyan
government’s current share of Safaricom would be worth an additional $200m.
“This is all very murky. By refusing to cooperate, Vodafone is treating us like children and hindering our pursuit of knowledge,” Mr Muturi said.
Mwalimu Mati, a former head of the local chapter of Transparency International, the non- governmental organization combating corruption, also believes the British authorities should investigate the Mobitelea deal. “At best Mobitelea has been given a bite at the Safaricom cherry ahead of ordinary Kenyans.”
Joram Odus
Chairman-Kenya Forum for Peace & Democracy
London
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Date: Fri, 28 Mar 2008 13:33:37 +0300
From: alai
Subject: SAFARICOM IPO FORM also a FRAUD
Wanakazi
See the attached form
Robert