Tuesday, July 7, 2009

Kenya Government Not Informed About Zain Sale

The Kenyan Government has not been informed about the reported Sh960 billion sale of Zain Africa to French firm, Vivendi, according to the ministry of Information and Communication officials.

Despite acknowledging having heard of the Kuwait-based Zain Group's reported sale of its African operation as reported on Friday by Business Daily, a senior ministry official said on Friday no official communication has been made.
"We have not been informed about the sale and so far no documents have been filed with the Communication Commission of Kenya," the official told the Saturday Nation anonymously because "it is not right to comment on the matter. "A source at CCK confirmed that they are yet to receive any notification about the sale, which could see Zain Kenya changing hands for the fourth time."
We have not received any notification," said the source on condition of anonymity because he is not mandated to speak on behalf of the commission. If the sale took place last week, Vivendi will return into the country for the second time after it was forced in 2003 to sell its 60 per cent stake in Zain Kenya (then Kencell), which it had founded in 2000, to the then Celtel International.

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