On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Groupe Atlantique finally bought Afripa Telecom back in March. It claims to have had offers to buy its consolidated holdings (see issue 187). However it’s not yet out of the woods because one of the main cash generators in the group is the Cote D’Ivoire subsidiary that still remains in the hands of a local shareholder.

- UUNet vs Wananchi: Discrepancies have emerged in UUNet Kenya’s submission to the Registrar of Companies regarding its 30% Kenyan ownership.