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- Title
Cost of Crisis.
- Abstract
The article discusses the cost of violence and political crisis in Kenya which includes the pull out of the flotation of Safaricom, Kenya's largest mobile phone operator, tourist decline and reduction of European Union's aid. Safaricom is part-owned by Vodafone that holds 40% stake and Telkom Kenya that holds 60% stake. Safaricom's flotation has been pulled due to the violence in Kenya that emerged in January 4, 2007. The violence also emerged on the crucial month for tourism that caused trading in Kenya's stock exchange to be suspended. European Union also threatened to reduce its aid to Kenya unless there would be a solution to the political instability in the country.
- Subjects
KENYA; POLITICAL violence; POLITICAL stability; FLOTATION; SAFARICOM PLC; WIRELESS communications; EUROPEAN Union; STOCK exchanges; TOURISM
- Publication
Africa Research Bulletin: Economic, Financial & Technical Series, 2007, Vol 44, Issue 12, p17652
- ISSN
2053-227X
- Publication type
Article