On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Vodafone Egypt will distribute a LE2/share cash dividend for the 120 million existing shares prior to the company.s recently conducted stock split

- The Bureau of Public Enterprises (BPE) announced that a 25% stake in NITEL valued at approximately N21bn (US$152m) will be offered as an IPO before the end of August 2003.

- Nigeria’s MTS First Wireless, a wireless phone operator has agreed a deal with Accenture. It will involve corporate financing, marketing and business planning. Neither party wished to identify how much the deal was worth.