The article discusses the story of Mobitelea Ventures, a briefcase company that emerged during the Moi regime, which received a 10% stake in Safaricom, one of the most promising companies at the time.
It is suggested that this could be an example of repeat offenders or individuals trying to mimic the bad manners of the Mobitelea era. The article explains how Telkom Kenya paid £6 billion to a UK-based private equity fund, and the history of how Vodafone acquired a 30% shareholding in Safaricom from Telkom.
The article then explores how Vodafone allegedly offered Mobitelea 25% of its stake in Vodafone Kenya Limited, which was a 10% stake in Safaricom Limited. The author highlights how Mobitelea was not a Kenyan company and was registered in Guernsey, a tax haven.
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