On The Money - In Brief

Mergers, Acquisitions and Financial Results

• The World Bank has raised concern over the future of Telkom Kenya, describing the parastatal’s staffing and financial status as poor. The bank says that the corporation’s survival in the increasingly competitive Telecoms sector is in jeopardy unless it moves with speed to streamline its operations.

• South African-based computer networking group Datatec said on Tuesday it was considering listing its U.S. unit Westcon in the first half of calendar 2004.