call it doomsday prophesy but i am predicting. Queen Bee is gonna swallow them all..... On Fri, Jun 17, 2011 at 2:00 PM, David Kiania | Asentric Consulting Ltd < kianiadee@gmail.com> wrote:
Two major Internet players to hit the headlines on the today with quasi adverse mentions. In todays Business Daily KDN has been hit by mass exodus of talent and will be replaced by mainly South Africans (yes South Africans) http://bit.ly/mPpT8D and Access Kenya is merging it's businesses and the underlying numbers look scarcely. http://bit.ly/irHphP
AK lost an amazing KES. 134m in FOREX loses ONLY and also saw their revenues decreased by KES. 300m from 2billion to 1.7billion ouch. In the intervening year AK has not made notable investment in infrastructure or marketing so the revenue is bound to decline even further. I also think the Safaricom assault on their corporate business and Airtel heading that way ... shareholders have a right to be very concerned.
Only time will tell how these companies would do but even with impending changes at KDN would we prefer a better managed company by foreigners or we really don't care? As far as AK is concerned ...
My thoughts
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